Doing Business in Paraguay

The aims of the subject “Foreign Trade and Business in the Republic of Paraguay” are the following:

1. To analyze the Paraguayan Economy and Global Trade;
2. To know the business opportunities in the Republic of Paraguay;
3. To explore the Paraguayan trade relations with the country of the student;
4. To know the Paraguayan Trade Agreements;
5. To develop a business plan for the Paraguayan Market.

The Subject “Foreign Trade and Business in Paraguay” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: American Business, World Trade.

Languages: or Paraguai Paraguay Paraguay.

1. Credits of the subject “Foreign Trade and Business in Paraguay”: 1 ;
2. Duration: one week.

1. Paraguay and the Latin American Economic Area;
2. MERCOSUR
   1. MERCOSUR Free Trade Agreements: Andean Community, Mexico, Peru, Chile, India, Egypt, Israel, EU, Southern African Customs Union (SACU), Global System of Trade Preferences among Developing Countries (GSTP).
3. ALADI;
4. Andean Community (associate member);
5. Paraguay has bilateral Free Trade Agreements with the EU, India, and the Gulf Cooperation Council (GCC);
6. Mexico-Paraguay Economic Complementation Agreement;
7. UNASUR;
8. Latin American and Caribbean Economic System (SELA);
9. Trade Negotiations Among Developing Countries.

1. WTO
   1. Agreement on Trade in Services (GATS);
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Revised Kyoto Convention.
3. Hamburg Rules;
4. International Bureau of Containers and Intermodal Transport (BIC);
5. Chicago Convention (ICAO);
6. International Maritime Organization (IMO) 
   1. Istanbul Convention - not a member.
7. Customs Convention on Containers - not a member.

American Trade and Economic Organizations:

1. Inter-American Development Bank;
2. OAS;
3. ECLAC;
4. Africa-South America Summit;
5. East Asia-Latin America Cooperation;
6. Summit South American-Arab Countries;
7. CELAC
   1. EU-CELAC Summit.

Global Economic Organizations:

1. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
2. WB;
3. IMF.

The Republic of Paraguay.

1. Paraguay has significant water resources; the Guarani Aquifer System is the largest fresh water reserve in the World;
2. The Paraguayan rivers make their land very suitable for soybeans and cotton (main Paraguayan export products);
3. Borders of the Republic of Paraguay: Brazil, Bolivia, and Argentina;
4. Paraguay has two official languages: Spanish and Guarani;
5. Capital of Paraguay: Asunción;
6. Paraguayan Population: 7 million people;
7. Paraguayan Area: 406,752 km²;
8. Independence of Paraguay from Spain: 1811;
9. Abolition of Slavery in Paraguay: 1842;
10. 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 Civilization.

Paraguayan Economy.

1. The Economy of the Republic of Paraguay (America) is small and open, with extensive reliance on the Foreign Trade and local commerce;
2. The Paraguayan economy is based on a few agricultural products production and export (soybeans and vegetable oils) and meat;
3. Business related to import and consumer products re-export is strong in the informal economic sector;
4. The Paraguayan services sector represents 49% of the gross domestic product;
5. The Paraguay-Parana Waterway is intended to develop the logistics system between the Parana region (Brazil, Paraguay, and Argentina);
6. The production structure of the Republic of Paraguay has undergone profound changes, such as the agriculture;
7. The Paraguayan gross domestic product showed a negative growth rate of -3.8%;
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;
9. The currency of Paraguay is the Paraguayan Guarani (PYG);
10. New Law on Public-Private Partnerships.

International Trade of Paraguay.

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

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