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FOCEM inspects funded projects in Buenos Aires and assesses work progress

A delegation from the Technical Unit of the MERCOSUR Structural Convergence Fund (FOCEM), led by executive coordinator Luciano Wexell Severo, carried out an official mission in Buenos Aires to supervise the progress of three bloc-funded projects: the Buenos Aires Biomedicine Research Institute (IBioBA), the Arturo Jauretche National University (UNAJ), and the Urquiza Railway. Ambassador Alan Beraud, Argentina's permanent representative to MERCOSUR, also took part virtually. During the meetings, Wexell Severo highlighted IBioBA's success within the multi-state Biotec project, the good pace of resumed construction at UNAJ, and the strategic importance of the Urquiza Railway recovery. FOCEM, the bloc's first solidarity mechanism, has already allocated 85 million dollars in non-reimbursable funds to Argentina over 20 years, with a remaining balance of 6.2 million dollars available for new local ventures.

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Dass Group Transfers Production from Argentina to Paraguay with US$ 40 Million Investment

Dass Group, a Brazilian manufacturer of brands such as Nike, Adidas, Fila, Umbro, Asics and Champion, has transferred its production line from Argentina to Paraguay, attracted by tax incentives from the Maquila Regime. The new plant, inaugurated in March, received a US$ 40 million investment. While the factory in Coronel Suárez (Buenos Aires) was closed, the unit in Eldorado (Misiones) operates at reduced capacity, generating uncertainty among workers.

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