Chinese Delegation Visits Manaus FTZ
A delegation from the city of Jinan in China's Shandong Province visited Brazil's Superintendency of the Manaus Free Trade Zone (SUFRAMA) on September 14, 2015.
The purpose of the visit was for the delegates to study SUFRAMA's free zone model and to enhance cooperation between China and SUFRAMA, particularly in the agriculture sector. The delegates also expressed an interest in increasing the number of Chinese manufacturers in the free zone.
The Deputy Superintendent of Operations at SUFRAMA, José Adilson Vieira, noted that there are already several Chinese companies established in the zone. He said that the free zone is interested in enhancing its partnership with China.
Li Kuanduan, the Vice Mayor of Jinan, said that Jinan is interested in SUFRAMA because the free zone has been operating successfully for a long time.
Companies established in SUFRAMA enjoy a number of tax incentives, including exemption from import duties and export duties, and exemption from the PIS/PASEP and COFINS social security contributions. SUFRAMA recently announced that it is taking steps to simplify the procedures for setting up and operating a business in the zone.
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