Doing Business in Paraguay (Course, Master)

EENI Business School & HA University




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Syllabus of the Online Subject: Foreign Trade and Business in Paraguay - Asuncion.

  1. Introduction to the Republic of Paraguay (South America)
  2. Paraguayan Economy
  3. Main economic sectors of the Paraguayan economy
  4. Doing Business in Asuncion
  5. Paraguayan International Trade
  6. Paraguay-Parana Waterway
  7. Introduction to Spanish
  8. Access to the Paraguayan Market
  9. Business Plan for Paraguay

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

  1. To analyse the Paraguayan economy and foreign trade
  2. To know the business opportunities in the Republic of Paraguay
  3. To explore Paraguayan trade relations with the student's country
  4. To know Paraguayan Trade Agreements
  5. To develop a business plan for the Paraguayan Market

The eLearning Subject “Doing Business in Paraguay” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Masters: International Business, Foreign Trade, America
  2. Doctorates: Business in America, Global Trade
  3. Course: Business in South America

The course materials are available in Master in International Business in English or Masters Foreign Trade in Portuguese Paraguai Study Master Doctorate Business in Spanish Paraguay Study, Master in International Business in French Paraguay

  1. Credits of the Online Subject “Foreign Trade and Business in Paraguay”: 1 ECTS Credits
  2. Duration: one week

Example of the Online Subject - Doing Business in Paraguay:
Course: Doing Business in Paraguay





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Description of the Online Subject: Doing Business in Paraguay

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: Asunción
  6. Paraguayan Population: 7 million people
  7. Paraguayan Area: 406,752 square kilometres
  8. Independence 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 Latin American Economic Area of Western-Christian Civilisation

Paraguayan Economy.

  1. The Economy of the Republic of Paraguay (America) is small and open, with extensive reliance on the international trade and local commerce
  2. The Paraguayan economy is based on 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 transport 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 is the Paraguayan Guarani (PYG)
  10. New Law on Public-Private Partnerships

Foreign 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 computerised customs clearance system that interacts directly with the Customs Brokers, Transport Companies, Custodians, Customs Officials, and organisations related to International Trade

Paraguay Free Trade Agreements (FTA)

MERCOSUR (Master, Doctorate)

The Republic of Paraguay has preferential access to:

  1. MERCOSUR (Paraguay was suspended of the MERCOSUR in 2012-2013)
  2. Latin American Integration Association (ALADI)
  3. Andean Community (associate member)
  4. Paraguay has bilateral Free Trade Agreements (FTA) with the European Union (EU), India, and the Gulf Cooperation Council (GCC)
  5. Union of South American Nations (UNASUR)
  6. Latin American and Caribbean Economic System (SELA)

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