On Thursday 8 August 2019, UNIDROIT organised a regional consultation workshop in São Paolo Brazil on the Legal and Economic Benefits of the future MAC Protocol for Latin American States.
Hosted by the University of São Paolo Faculty of Law (USP), the workshop brought together 40 participants from eight countries the region (Argentina, Bolivia, Brazil, Chile, Guatemala, Mexico, Paraguay, Uruguay) including Government representatives, private sector stakeholders, legal practitioners and academic experts.
The purpose of the event was to discuss how the MAC Protocol will provide a legal framework in Latin America for the financing of mining, agricultural and construction (MAC) equipment to facilitate cross-border trade and investment. The event highlighted the economic opportunities that the MAC Protocol will create for the Brazilian manufacturing industry, given Brazil’s status as the region’s major exporter of MAC equipment.
The workshop was co-Chaired by UNIDROIT Secretary-General Ignacio Tirado and Head of the University of Sao Paolo Commercial Law Department Paula Forgioni and featured presentations from representatives of the International Finance Corporation (John Wilson), the MAC Working Group (Felipe Bonsenso Veneziano), the National Law Center for Inter-American Free Trade (Adalberto Elias), USP (Paolo Fontoura) and UNIDROIT (Ignacio Tirado and William Brydie-Watson).