[[File:BBVA Paraguay.jpg|thumb|[[Banco Bilbao Vizcaya Argentaria|BBVA]] Paraguay]]
The [[mineral industry of Paraguay]] produces about 25% of the country's gross domestic product (GDP) and employs about 31% of the labor force. Production of [[cement]], [[iron oore]], and [[steel]] occurs commonly throughout Paraguay's industrial sector. The growth of the industry was further fueled by the [[maquila]] industry, with large industrial complexes located in the eastern part of the country. Paraguay put in place many incentives aimed to attract industries to the country. One of them is the so-called "Maquila law" by which companies can relocate to Paraguay, enjoying minimal tax rates.
re]], and [[steel]] occurs commonly throughout Paraguay's industrial sector. The growth of the industry was further fueled by the [[maquila]] industry, with large industrial complexes located in the eastern part of the country. Paraguay put in place many incentives aimed to attract industries to the country. One of them is the so-called "Maquila law" by which companies can relocate to Paraguay, enjoying minimal tax rates.
<ref>[http://www.mic.gov.py/v1/node/123 ÂżQuĂŠ es ? | Ministerio de Industria y Comercio – Paraguay]. Mic.gov.py. Retrieved on 18 June 2016.</ref>
In the [[pharmaceutical industry]], Paraguayan companies nownowhere
{{when|date=February 2016}}
meet 70% of domestic consumption and have begun to [[export]] drugs. Paraguay is quickly
