Paraguay, a small country with big agricultural ambitions that is banking on the EU-Mercosur agreement

Published 2024년 9월 6일

Tridge summary

Paraguayan President Santiago Peña is advocating for a change in the country's mentality about its trade position, highlighting the potential of its agricultural products on the global stage, especially in Mercosur and the European Union. Despite being landlocked, Paraguay's strategic location has made it a crucial transit point for its neighboring countries, which are the primary importers of its soybeans. The majority of these soybeans are exported to Argentina.

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Original content

In Asuncion, Arroyos y Esteros and La Pastora (Paraguay) "We must change mentalities and stop believing that we are an island surrounded by land. We are in the heart of South America. Our geographical location is an asset." This statement by Paraguayan President Santiago Peña to Le Figaro clearly shows the intention of this small country to make a place for itself on the world trade map. Asuncion intends to flood Mercosur (Argentina, Brazil, Uruguay and Venezuela) and beyond with its agricultural products. The head of state says he is very much in favour of an agreement with the European Union. Paraguay is, along with Bolivia, the only American state that does not have direct access to the sea. Historically, its geographical location has made it a strategic transit point, but dependent on its immediate ...

Source: Lefigaro