Buenos Aires to become a 'Productive City'
27/03/2007
A new ‘Productive City Law' has been approved by the local legislative body in Buenos Aires, thirty years after the 1977 'Brigadier Cacciatore Law' banned all industrial activity from the city. The approval follows years of negotiations involving the Confederation of Small- and Medium-sized Argentinean Enterprises (CAME), the Federation of Trade and Industry of the City of Buenos Aires (FECOBA) and the Workers' Union of Argentina.
Estimates show that approximately 13,000 small- and medium-sized businesses in traditional industrial segments such as footwear, leathergoods and leather garment manufacturing are still operating in Buenos Aires—the third largest industrial region in Argentina—where 95% of industry is made up of small- and medium-sized companies, of which 75% have been unable to develop because of the restrictions. The law also made it impossible for new companies to register or start production.The new law will enable most of the existing factories and workshops to legalise their corporate situations, allowing them to extend their premises, add new activities and reorganise their distribution schemes.
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