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The relations between the EU and Paraguay are governed by the Framework Cooperation Agreement  signed in 1992.

The follow-up of this agreement entails regular meetings of the EU-Paraguay Joint Commission, including on trade matters. This Commission meets normally every 2 years , most recently in April 2012.  The Joint Commission should therefore meet again in 2014.

As a member of Mercosur, Paraguay is also a party to the EU-Mercosur Framework Co-operation Agreement signed in 1995, which includes provisions on trade cooperation.  Paraguay is also part in the on-going negotiations of an EU-Mercosur Association Agreement.

Trade picture

  • EU imports from Paraguay are dominated by agricultural products and crude materials (92%).
  • EU exports to Paraguay are dominated by manufactured products, in particular machinery, transport equipment and chemicals.

EU-Paraguay "trade in goods" statistics

Trade in goods 2010-2012, € billions
Year EU imports EU exports Balance
2010 1.0 0.4 -0.6
2011 1.2 0.5 -0.7
2012 1.0 0.5 -0.5

More statistics on Paraguay

EU and Paraguay

Trade and investment between the EU and Paraguay remain relatively modest.

The EU is Paraguay's fifth most important trading partner (after China and Mercosur partners Brazil and Argentina and Uruguay).

The EU attaches importance to the fight against illegal trade in pirated goods in the tri-border area between Paraguay, Argentina and Brazil and considers the respect of intellectual property rights a priority. The EU is cooperating with Paraguay in this respect.

Paraguay enjoys trade preferences with the EU under the Generalised Scheme of Preferences.

Paraguay in Mercosur

Paraguay is as a member of Mercosur, but its membership in Mercosur has been temporary suspended after the impeachment of President Lugo on 22 of June.

Although EU-Paraguay trade remains limited in absolute numbers, as a member of Mercosur Paraguay is part of an important trading partner for the EU in Latin America.

The future EU-Mercosur Association Agreement – currently under negotiation – should provide a boost to regional trade integration among the countries of Mercosur and stimulate new opportunities for trade with the EU by removing tariff and non-tariff barriers to trade.

This agreement will cover, among other issues, trade in goods and services, investment, intellectual property rights (IPR) aspects including protection of geographical indications, government procurement, technical barriers to trade and sanitary and phytosanitary issues.

More information on Mercosur

Trading with Paraguay