Government of Uruguay closes first phase of contract with UPM

This was due to the establishment of a third pulp mill

The government of the Republic of Uruguay has decided to close the first phase of the business agreement with the Finnish company UPM, due to the establishment of a third plant in Charr├║a, reports Second Approach.

The initial phase of the negotiations that marked the will of a new pulp mill presented eight points: construction, transportation, communications, environmental forest areas, tax regulations, work contexts, energy and the environmental sector.

What was mentioned by the current Uruguayan administration is that the company will not give in on the tax aspects of hiring. In addition, the sources pointed out that there was no agreement on all the elements appreciated.

Although the pulp company UPM sought a specific tax exemption, the Executive, led by President Tabar├®