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27/12/2017 - 17:37hs

Export zone to be added to Rio port

Açu Port’s annex industrial district will see the addition of an Export Processing Zone (EPZ), with benefits available for exporting companies. The facility will operate under concession to the private sector.

São Paulo – The industrial district in the city of São João da Barra, linked to Açu Port, in Rio de Janeiro, will see the addition of an Export Processing Zone (EPZ). A decree on this was signed this Wednesday (27) by president Michel Temer. The facility will enjoy special tax, administrative and exchange rate regimes designed to encourage exports.

The Brazilian Ministry of Industry, Foreign Trade and Services said the EPZ will span 182.2 hectares. Anchor-company Rochas do Açu, active in decorative stones processing and international trade will be the first to operate out of the facility.

Açu Port is surrounded by airports and will enjoy railway links to the Rio de Janeiro metropolitan area and to Vila Velha, Espírito Santo, as well as to the states of Minas Gerais and São Paulo. The privately-run port comprises nine terminals and went online in 2014.

The EPZ in Açu will be tendered to a private sector player. The first in its three-phase rollout will see BRL 40.6 million in investment from the winning bidder.

EPZs are free-trade areas designed for export-oriented manufacturing. Companies enjoy tax breaks as well as unique treatment in tax-, exchange rate- and administration-related matters.

Besides Temer, government officials including Industry, Foreign Trade and Services minister Marcos Pereira attended the ceremony in which the decree establishing the EPZ was signed.

*Translated by Gabriel Pomerancblum

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