LatinNews Daily - 11 October 2022

In brief: Paraguay’s private sector criticises ‘political interference’

* Paraguay’s private sector lobby Federación de la Producción, la Industria y el Comercio (Feprinco), business lobby group the Unión Industrial Paraguaya (UIP), national chamber of commerce and services (CNCSP) and agricultural and livestock lobby group Asociación Rural del Paraguay (ARP) have expressed concerns about two bills which they state equate to “direct political interference” in the dynamics of the agribusiness sector. One bill looks to prohibit the application of fines and surcharges to obligations derived from grain delivery contracts for the 2021/2022 harvest, while the other seeks to temporarily suspend the obligation to pay royalties for genetic or biotechnological events in soybean production. In a joint statement, the groups said they “oppose the interference in contractual relations governed by private law” and called on legislators to reject both bills, which they said would infringe intellectual property rights, affect juridical security and damage the business climate.

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