IIC Helps Paraguayan SMEs Meet International Export Standards

04/10/2014

FINPYME ExportPlus holds training workshops in Paraguay with support of Korean Trust Fund

Asunción, Paraguay, April 10, 2014 — The Inter-American Investment Corporation (IIC) carried out a series of three training workshops in Paraguay aimed at boosting the export capacity of Paraguayan enterprises. More than 60 companies received training on specific topics spanning from wastewater treatment in leather processing plants to food safety certification and harnessing business opportunities with Korea. The workshops were held throughout the week.

As part of the workshops, 15 participating companies from the leather industry learned how to improve their wastewater treatment systems in order to reduce the environmental impact of their leather production and tailoring.

“The tanning industry in Italy is the most advanced in the world in terms of technology, products, and the water and chromium treatment process, a fundamental factor in leather production due to its impact on the environment,” said Roberto Lupo, an Italian specialist who led the training session. “The workshop will help teach the companies in this sector in Paraguay about international standards so they can improve their processes, obtain the necessary export certifications, and protect the environment.”

The workshops on food safety certification and business opportunities with Korea were led by the Korean Standards Association and the Korea Trade-Investment Promotion Agency (KOTRA), respectively. KOTRA promotes trade and investment in Korea and abroad. Participating companies learned about international food standards they need to meet to increase their export capacity, as well as necessary processes and requirements to export to and import from Korea.

The workshops are part of the IIC’s FINPYME ExportPlus program, which provides training and technical support to SMEs in Latin America and the Caribbean, to improve their export profile and to increase their competitiveness. They were made possible thanks to the support of the Korea-IIC SME Development Trust Fund and in partnership with the Paraguayan Industrial Association. FINPYME ExportPlus complements Inter-American Development Bank (IDB) activities in support of the Aid-for-Trade initiative of the World Trade Organization.

About the IIC

The IIC, a member of the Inter-American Development Bank (IDB) Group, promotes private-sector development in Latin America and the Caribbean with a focus on small and medium-sized enterprises (SMEs). We help companies streamline management processes and provide them with financing in the form of equity investments, loans, and guarantees, as well as innovative technical assistance, advisory services, and knowledge products. In 2013, the IIC approved 71 operations totaling US$415.4 million. Since its inception in 1989, the IIC has approved more than 800 direct loans to SMEs and financial intermediaries, for a total of US$5.21 billion. An additional US$3.01 billion has been mobilized through cofinancing and syndication agreements. For more information on IIC activities, visit www.iic.org.

Contact: Jorge Roldán

Telephone: +1 (202) 623-3948

Email: jorgero@iadb.org