Paraguay and Guinea-Bissau have expanded their business relations and strengthened their ties, with Paraguay exporting rice worth nearly US$1,400,000 to Guinea-Bissau in 2023. The two countries formalized their diplomatic ties over a year ago and are now exploring opportunities for cultural and academic exchange. Guinea-Bissau's President Umaro Sissoco Embaló expressed interest in signing a political-diplomatic agreement between the two nations. This visit marks a significant milestone in the history of relations between Paraguay and Guinea-Bissau, covering a West African nation with an estimated population of 1,644,000.