Farmacéutica Paraguaya (FAPASA) has over 40 years’ experience in the development, production and marketing of pharmaceuticals in Paraguay and is a leading exporter.
Quimfa, part of a group controlling 70% of the pharmaceutical distribution market in Paraguay, started manufacturing in 2014. Its plant is now one of the most important in South America.
A series of incentives designed to encourage companies to move their production to Paraguay is having the desired effect on foreign and domestic investors, in turn boosting the country’s economy.
Exports of products from soya beans to meat have traditionally underpinned Paraguay’s economy. The government wants to keep momentum going, and is also encouraging investment in newer products for the country like rice and various seed oils, only too aware that agribusiness also presents great benefits for national social inclusion.
Already the sixth-largest beef exporter in the world and renowned for the quality of its meat products, Paraguay is promoting new initiatives and investing in technology to bring further growth to the sector.