Asunción, Agencia IP.- Paraguay is increasingly strengthening its position as a strategic destination for Italian industrial investment in South America, thanks to its competitive advantages in taxation, energy, logistics, and resource availability. This was highlighted by the President of the Chamber, Dr. Fernando Beconi, during a recent interview with the Italian news agency Adnkronos.
During the interview, Beconi stated that Paraguay currently serves as a key entry point for European companies seeking to expand their operations within the Mercosur region and the broader South American market.
According to Beconi, one of the main factors that makes the country attractive for investment is its abundance of raw materials, commodities, and mineral resources. In this regard, he explained that Paraguay not only serves as a distribution channel for other Mercosur markets but also offers favorable conditions for the establishment of industries and the development of local production processes.
Beconi also highlighted Paraguay’s favorable business climate, particularly due to its low tax burden. He noted that the country’s tax pressure remains below 10%, with key taxes such as VAT and income tax remaining within highly competitive margins compared to other markets in the region and worldwide.
He further emphasized that there are investment incentives designed to attract foreign capital which, in certain cases, can significantly reduce the tax burden, further strengthening the country’s competitiveness. Another key advantage highlighted was the low cost of energy, considered a crucial factor for industrial development. According to Beconi, this represents a major comparative advantage over the high energy costs currently faced by companies in Europe and other international markets.
Regarding trade prospects, the Chamber president noted that efforts are underway to establish a bilateral agreement between Italy and Paraguay to avoid double taxation. This measure would help strengthen legal certainty and provide greater guarantees for investors.
He also highlighted the opportunities that could emerge from the agreement between Mercosur and the European Union, as well as the potential growth of the carbon credit market.
In terms of infrastructure, Beconi stressed the strategic impact of the Bioceanic Corridor, a project that will connect the Atlantic and Pacific oceans through Brazil, Paraguay, Argentina, and Chile.
The project, he explained, is shaping up to become a highly relevant logistics route for regional and international trade, offering a strategic alternative to the Panama Canal for cargo transit in the Southern Cone.
The Chamber president’s remarks reinforce the perception of Paraguay as a country with strong potential for productive investment, consolidating its image as a competitive, stable, and high-growth market for Italian and European industry.