Uruguayan government grants free trade zone status to Botnia pulp mill project
The Government of Uruguay has granted free trade zone status to the plannedBotnia pulp mill project. The status becomes effective upon the granting of thenecessary environmental permit.The free trade zone will be managed by Botnia´s local subsidiary Botnia FrayBentos S.A., which will pay the Uruguayan authorities an agreed annual fee forthe free trade zone status. This decision will ensure the stability of Botnia'scustoms and tax treatment in the long term. The free trade zone is designed to promote the flow of goods and capitalbetween industrial and developing countries (ILO