 Business in Paraguay,
Asuncion
Syllabus of the Subject: Foreign Trade and Business in Paraguay - Asuncion
- Introduction to the Republic of Paraguay (South America)
- Paraguayan Economy
- Main economic sectors of the Paraguayan economy
- Doing Business in Asuncion
- Paraguayan International Trade (Import, Export)
- Paraguay-Parana Waterway
- Access to the Paraguayan Market
- Business Plan for Paraguay
The aims of the Subject “Foreign Trade and Business in the Republic of Paraguay” are the following:
- To analyse the Paraguayan Economy and Foreign Trade (Import, Export, FDI)
- To know the business opportunities in the Republic of Paraguay
- To explore the Paraguayan trade relations with the country of the student
- To know the Paraguayan Trade Agreements
- To develop a business plan for the Paraguayan Market
Sample of the Subject - Doing Business in Paraguay:

Description of the Subject: Foreign Trade and Business in Paraguay
Paraguayan Free Trade Agreements
and Market Access
- Paraguay and the Latin American Economic Area
- MERCOSUR
- MERCOSUR Free Trade Agreements (FTA):
Andean Community,
Mexico,
Peru,
Chile,
India,
Egypt,
Israel,
European Union,
Southern African Customs Union (SACU)
- Latin American Integration Association (ALADI)
- Andean Community (associate member)
- Paraguay has bilateral Free Trade Agreements (FTA) with the European Union (EU), India, and the Gulf Cooperation Council (GCC)
- Union of South American Nations (UNASUR)
- Latin American and Caribbean Economic System (SELA)
International Trade Facilitation Programs
- World Trade Organisation (WTO)
- Agreement on the Application of
Sanitary and Phytosanitary Measures (SPS)
- Agreement on Technical
Barriers to Trade (TBT Agreement)
- Agreement on
Preshipment Inspection
- Agreement on Safeguards (SG)
- Trade Facilitation Agreement (TFA)
- World Customs Organisation (WCO)
- Revised Kyoto Convention
The Republic of Paraguay.
- Paraguay has significant water resources; the Guarani Aquifer System is the largest fresh water
reserve in the World
- The Paraguayan rivers make their land very suitable for soybeans and cotton (main Paraguayan export products)
- Borders of the Republic of Paraguay: Brazil, Bolivia, and Argentina
- Paraguay has two official languages: Spanish and Guarani
- Capital of Paraguay: Asunción
- Paraguayan Population: 7 million people
- Paraguayan Area: 406,752 square kilometres
- Independence of Paraguay from Spain: 1811
- Abolition of Slavery in Paraguay:
1842
- African Diaspora in Paraguay: 0.2 million people (3.5% of the Paraguayan population)
Religion in Paraguay: Christianity (Catholicism:
6 million)
Paraguay belongs to the Latin American Economic Area of the Western Civilisation
Paraguayan Economy.
- The Economy of the Republic of Paraguay (America) is small and open, with
extensive reliance on the international trade and local commerce
- The Paraguayan economy is based on a few
agricultural products production and export (soybeans and vegetable oils) and meat
- Business related to import and consumer products re-export is strong in the informal economic sector
- The Paraguayan services sector represents 49% of the gross domestic product
- The Paraguay-Parana Waterway is intended to develop the
logistics system between the Parana region (Brazil, Paraguay, and Argentina)
- The production structure of the Republic of Paraguay has undergone profound changes, such as the agriculture
- The Paraguayan gross domestic product showed a negative growth rate of -3.8%.
- The Itaipu hydroelectric dam is a joint venture between Paraguay and Brazil located on the Parana River; the dam is the world's largest hydroelectric central. The energy produced by Itaipu would be enough to supply electricity consumption worldwide for two days
- The currency of Paraguay is the Paraguayan Guarani (PYG)
- New Law on Public-Private Partnerships

Foreign Trade of Paraguay.
- Total Paraguayan exports: 13,116 million dollars
- The main Paraguayan export products are soybean (47%), vegetable oils (52%,) and meat products (5%)
- The SOFIA System is a computerised customs clearance system that interacts directly with
the Customs Brokers,
transportation Companies, Custodians, Customs Officials, and organisations
related to International Trade
- Paraguay was suspended of the MERCOSUR in 2012-2013

Economic Organisations
- Inter-American Development Bank (IDB)
- Economic Commission for Latin America and the Caribbean (ECLAC)
- Community of Latin American and Caribbean States (CELAC)
- Organisation of American States (OAS)
- United Nations (UN)
- World Bank
(WB)
- World Trade Organisation (WTO)
- International Monetary Fund
(IMF)
❮ Samples - Business in Paraguay ❯






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