A delegation from the Mexican Government met with officials from the regulatory body of Brazil’s Manaus Free Trade Zone on February 4, 2015, to study the structure of the free zone.
The visit followed an announcement by the Mexican Government that it plans to establish three special economic zones (SEZs) in the southern states of Guerrero, Chiapas, and Oaxaca to boost development in the region.
The delegation was led by Mexico’s Ambassador to Brazil, Beatriz Paredes, and included a number of officials from the Mexican Ministry of Finance.
In August last year, the Brazilian Government enacted legislation extending the validity of the Manaus Free Trade Zone until 2073. The tax incentives of the zone had been due to expire in 2023.
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