ISDS Case Map
Paraguay
The Paraguay president plans to visit Turkey in March 2020 and sign an agreement for the reciprocal promotion and protection of investments.
The United States and Paraguay recently negotiated the Trade and Investment Framework Agreeement, establishing a platform for the two countries to discuss a range of bilateral economic issues.
U.S. trade officials acknowledged Uruguay and Paraguay's decision to drop out of talks on the proposed Trade in International Services agreement.
Paraguay's foreign minister Eladio Loizaga said that there is no date for the several times suspended Mercosur summit, but a technical meeting is scheduled for next week in Montevideo when the issue, among others will be addressed. Nevertheless he insisted that the different bodies of Mercosur “are working normally”.
If Paraguay were to enter the Pacific Alliance with its current distribution of land and no progress towards land reform, those who currently hold land—agribusinesses and local elites—will continue to reap the benefits while continuing to displace workers and exacerbating slum conditions in larger cities.
When the Paraguayan Senate approved the “political judgment” against Fernando Lugo on June 22, it unleashed the biggest political crisis in the Mercosur in the last 20 years. The dust still hasn’t settled, but it’s clear that nothing will be the same since the shake-up.
Venezuela’s incorporation to Mercosur as full member seems closer as the Paraguayan Senate readies to consider the issue following on political agreements worked out by President Fernando Lugo.
Mercosur presidential summit next week in Brazil has on the table an agenda of several highly sensitive issues that could deepen the rift between senior members Argentina and Brazil and junior members Paraguay and Uruguay, according to Uruguayan parliamentary sources.
As was anticipated Mercosur senior members Argentina and Brazil proposed Friday an increase of the common external tariff, (AEC) for certain products, and as was expected junior members Uruguay and Paraguay rejected the idea.
Paraguay supports Venezuela's bid for full membership of the Common Market of the South (Mercosur), visiting Paraguayan Foreign Minister Ruben Ramirez said here Tuesday.
