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the Amazon in Brazil to become a free zone with tax breaks to industry

From:

http://www.miamidiario.com/economia/brasil/ dilma-rousseff/amazonia/manaos/zona-franca/rebajas-fiscales-industria/5048

For EFE 23/03/2011 at 09:46 hours

The tax relief scheme in the capital of Amazonas was authorized until 2013, so now be extended until 2063, almost a century after its introduction.

The president of Brazil, Dilma Rousseff, announced the creation of a free zone that will extend throughout the Amazon region in which tax incentives apply to the industry.
"The government has decided to extend the free zone of Manaus (Amazonas state capital) for 50 years from the date of maturity and we extend this model to the entire region," said Rousseff in a press conference in that city.

Manaus Free Zone was introduced in 1967 by the military government, within the scope of its policy of import substitution and in an attempt to encourage the development of the Amazon, had never attracted industry because of its remoteness to the main consuming centers.
The tax relief scheme in the capital of Amazonas was authorized until 2013, so now be extended until 2063, almost a century after its introduction.
Currently, the umbrella pole of Manaus many electronics companies, telephone, computer, appliances, assembly of motorcycles, among others, constitute one of the main axes of the manufacturing industry in Brazil.

According Rousseff, extending the model of free trade zone throughout the Amazon means "erect a virtual wall of protection" of the jungle.

"It is very important to have an alternative that has nothing to do with the destruction of the forest but rather to the preservation of biodiversity," said the head of state.

In 2010, turnover for the factories of this city reached a record U.S. $ 35,100 million, an increase of 35 percent over the previous year, according to the Superintendency of the Manaus Free Zone (SUFRAMA).

Manaus Free Zone caters mainly to the Brazilian market, which totals 190 million, and to a lesser extent other countries in South America and the United States.

exports of these companies amounted to about 1,000 million dollars in 2010, up 21 percent, according to Suframa.

Industries manufacturing, directly employing about 108,000 people in Manaus and generates around 400,000 indirect jobs in the regional capital.