The decrees modifying Free Port and Maquilas Laws have been waiting in Congress for over 4 years.
"The proposed changes would foster the creation of industrial parks and supply networks, by granting them tax benefits", reports Prensalibre.com. "It is also intended to regulate the exchange between raw materials providers and the aforementioned industrial parks".
If a reform of the law is approved, tax exemptions enjoyed by members of the scheme would be limited.
Although the purpose of the law reform is to modernize the free zones scheme and meet the requirements established by the World Trade Organization, companies currently operating under the scheme would be affected.
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