Here’s a sick way to attract foreign direct investment:

Among the reasons for selecting Brazil as the location for the plant, Lenti said import duties on IT products stand at nearly 85% and vendors have a hard time penetrating the market without local manufacturing processes. “The Brazilian market represents 40% of Latin America and it is one of the markets with the highest projections. Brazil was a must,” he said.

By 2006, the company expects to be producing enough to export products from Brazil, particularly to Argentina, which is part of the Mercosur Southern Cone trade bloc. ViewSonic would enjoy more tax benefits by importing from Brazil rather than from Asia, Lenti said. [BNAmericas]