In order to facilitate the operation of Micro, Small and Medium Enterprises (MSMEs), the Government plans to simplify the formalities and the process of formalizing operations to position the sector in the local market. Currently, many companies operate in an irregular manner, not even having a Single Taxpayer Registry (RUC). Others are moderately formalized -i.e., they have a RUC- but are not registered with the Instituto de Previsión Social (IPS) and do not have a commercial license, which hinders the hiring of personnel and the formalization of products.

In order to position Paraguayan products in the domestic market, inter-institutional work is required, headed by the Ministry of Industry and Commerce (MIC). The line to be particularly strengthened is the food industry, since Paraguay currently processes juices, sweets and foods that are marketed both in Asunción and in other major cities in the country.

The first step will be to break down the barrier of access to information to provide microentrepreneurs with the necessary knowledge about how to formalize their operations. Vice Minister Isaac Godoy added that they will then insist on reducing bureaucracy and breaking down current tariff barriers. Godoy commented that he expects to see the first results within six months to a year, as some resolutions and decrees need to be modified to simplify the relevant regulations before any action can be taken.