MIL OSI-C. Region: Latin/Latin America
Source: Republic of Brazil
The Minister of Foreign affairs, Ernesto Aguilar, to receive the Minister of Foreign affairs of the Republic of Paraguay, Antonio Rivas Palacios, in Brasilia, brazil, on the 9th of September. This is the first bilateral visit of paraguayan foreign minister upon his appointment in July.
At the meeting, the Ministers will discuss the main issues on the bilateral agenda, with special emphasis on projects for the physical integration and co-operation in safety and security. It will be discussed also issues that are of mutual interest to the agendas of the regional and multilateral level.
Brazil is the largest trading partner of Paraguay. Brazil absorbs approximately one-third of the exports of paraguay. In the year 2018, the trade exchange amounted to US$ from 4.07 billion, representing an increase of 7.6 % compared to the previous year, with a surplus in brazil of US$ 1.75 billion. Brazil has the second largest stock of direct investment in paraguay Paraguay is estimated to be US$ 970 million.
In 2019, Brazil, and Paraguay to celebrate the 175th anniversary of the establishment of diplomatic relations.
EDITOR’S NOTE: This article is a translation. Apologies should of the grammar and/or sentence structure not to be perfect.