Doing Business in Paraguay
EENI - Business School.
Subject (Course): International Trade and Business in Paraguay - Asuncion. Syllabus:
- Introduction to the Republic of Paraguay (South
- Paraguayan Economy.
- The main economic sectors of the economy
- Doing Business in Asuncion
- Paraguayan International Trade.
- The Paraguay-Parana Waterway.
- Introduction to Spanish
- Access to the Paraguayan Market
- Business Plan for Paraguay
Aims of the subject “Doing Business in the Republic of Paraguay”:
- To analyse the Paraguayan economy and foreign trade
- To evaluate business opportunities in the Republic of Paraguay
- To explore Paraguay's trade relations with the student's country
- To know Paraguay's Free Trade Agreements (FTAs)
- To develop a business plan for the Paraguayan Market
Sample of the subject - Doing Business in Paraguay:
Subject Description (Doing Business in Paraguay):
The Republic of Paraguay.
- Paraguay has significant water resources; the Guarani Aquifer System is the
largest reservoir of fresh water in the World.
- Paraguay’s rivers make their land very suitable for soybeans and cotton (main export products).
- Borders of the Republic of Paraguay: Brazil, Bolivia, and Argentina.
- Paraguay has two official languages: Spanish and Guarani.
- Capital: Asunción
- Paraguayan Population: 7 millions of people
- Area: 406,752 square kilometres
- Religion in Paraguay: Christianity (Catholicism:
- Paraguay belongs to the Latin American Economic Area of the Western Christian Civilisation
- Independence from Spain: 1811
- Abolition of slavery in Paraguay:
- African Diaspora in Paraguay: 0.2 millions of people (3.5% of the Paraguayan population)
- The Economy of the Republic of Paraguay (America) is small and open, with
extensive reliance on international trade and local commerce.
- Paraguayan economy is based on the production and export of few
agricultural products (soybeans and vegetable oils) and meat.
- Business related to import and re-export of consumer products is strong in the informal economic sector.
- Paraguayan services sector represents 49% of the gross domestic product.
- Paraguay-Parana Waterway is intended to make the transport system
between the Parana region (Brazil, Paraguay, and Argentina)
- Production structure of the Republic of Paraguay has undergone profound changes, such as agriculture
- Paraguayan gross domestic product showed a negative growth rate of -3.8%.
- 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 is the Paraguayan Guarani (PYG)
- New Law on Public-Private Partnerships
Foreign Trade of Paraguay.
- The total Paraguayan exports: 13,116 million dollars
- The main Paraguayan export products were: soybean (47%), vegetable oils (52%,) and meat products (5%).
- Imports fell by 24%.
- SOFIA System is a computerised customs clearance system that interacts directly with Customs Brokers, Transport Companies, Custodians, Customs Officials, and the organisations linked to International Trade.
Paraguay's Free Trade Agreements (FTA)
The Republic of Paraguay has preferential access to:
- MERCOSUR (Paraguay was suspended of the MERCOSUR in 2012-2013)
- 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)