|
|
Article: (Re) Made in Brazil.
- Article from:
- Revista Latin Trade
- Article date:
- October 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
New Brazilian law allows bonded warehouses to double as manufacturing plants.
THANKS TO A NEW LAW, BRAZIL'S QUALIFIED BONDED warehouses--where cargo goes while awaiting customs clearance-could soon do double duty as light manufacturing and assembly plants. That has multinationals, especially global high-tech companies, rushing to come up with strategies that take full advantage of the coming change. Passed in May, the law is expected to be in force by the fall.
Since the early 1990s, when Brazil first opened up to trade, multinational companies have been trying to position the country as an anchor for their operations, thanks to its large consumer and ...