Ramos announced that, in parallel, the redevelopment and comprehensive improvement works of the industrial estate, which will be undertaken together with the City Council, will increase its competitiveness and dynamism.
The Special Delegate of the State in the Free Trade Zone of Cádiz, Jorge Ramos, held a meeting last Monday afternoon in Algeciras with the Association of Businessmen of the Cortijo Real industrial estate, in which he explained the strengths of the Consortium as a generator of logistical and economic activity in the province and more specifically in the Campo de Gibraltar Region, where it is carrying out a significant investment effort with the support of the Government of the Nation and in collaboration with others. organizations such as City Councils, Chamber of Commerce, etc. Ramos explained in detail the important extension and expansion project of the Free Zone that contemplates going from 300,000 to 1,300,000 m2, which will turn the Cádiz Institution into the first industrial focus of the province of Cádiz and will generate a strong economic movement in the three areas: Bahía de Cádiz, Jerez and the aforementioned Campo de Gibraltar region, which he addressed in detail, explaining that in the city of Algeciras It will have a tax area close to 130,000 m2 in Los Pastores-Cortijo Real.
This meeting takes the baton of a meeting held last February in which Ramos and the mayor of Algeciras, José Ignacio Landaluce, presented to the businessmen of the industrial estate the projects for its revitalization, which also included the comprehensive improvement and redevelopment of the facilities, which house more than 250 companies, and which both institutions will undertake jointly.
The delegate explained that the advantages that come with a fiscal and customs facility such as the one planned, from the perspective that VAT does not apply to the merchandise found inside; and by the so-called Active Processing Regime, which implies that certain transformations that merchandise undergoes are not subject to the taxes that would be applied abroad. Thus, objective conditions are offered for companies to be more competitive. “We are on the right path to encourage economic activity and the wealth that goes hand in hand with employment,” said Ramos, who expressed his confidence that this industrial estate, once it becomes a reality throughout 2016, and associated with the port's activity, will turn Algeciras into a major hub of economic activity in Andalusia.
The top leader of the Cádiz Fiscal Institution detailed the enormous possibilities that a facility of these characteristics offers for the generation of wealth and employment, the primary objective of the Free Zone, which plans to expand by more than 300,000 m2 throughout the Region, since the Algeciras tax precinct is joined by the implementation of another in sector 1 of El Fresno, Los Barrios, whose processing is the most advanced and which will have a surface that will range between 70,000 m2 and 100,000 m2, and another in La Línea, where work is being done to concretize the soil.
“We are at the beginning of the great Free Trade Zone of Cádiz, which is going to be the great Free Trade Zone of Andalusia,” said Ramos, who stressed that this project will generate a significant supply of attractive land and available spaces for the implementation, especially of small and medium-sized companies, which will increase their competitiveness by being able to take advantage of the customs and tax advantages inherent to a tax precinct and will, therefore, save on manufacturing costs. production.
Along the same lines, he explained that with the attraction of investments in these new productive spaces, the Free Zone is called to be a great factor to complete the productive model of the province, and thus overcome the challenge of the structural deficit that it has and for which, even in good economic times, it has an unemployment rate 10 points above the average of the rest of the country.