Brazil & Southern Cone - August 2011 (ISSN 1741-4431)

The trade and industry ministry reported that the country had received over US$1bn in private sector investment in the past three years (i.e. since President Fernando Lugo came to power on 15 August 2008). Most of the money has gone into free trade zones. The ministry said that 314 private projects operating under Law 60/90 had received investment of G$4 trillion (US$1bn). These investments had, the ministry said, created 7,600 jobs and contributed total export revenues of US$300m. One of the most successful industries has been motorcycle assembly. This has attracted investment of US$133m and the creation of 9,366 new jobs, according to the ministry.

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