
The presidents of Brazil, Luiz Inácio Lula da Silva, and Paraguay, Santiago Peña, agreed on Sunday in Campo Grande to intensify negotiations over Annex C of the Itaipú treaty, the instrument that governs the financial terms and energy sales of the binational hydroelectric dam, one of the largest in the world.

Paraguay's President Santiago Peña met on Sunday in Campo Grande, the capital of Brazil's Mato Grosso do Sul state, with business leaders from the state's Federation of Industries (FIEMS) to promote investment opportunities in his country. The meeting, organized at the association's request, brought together representatives from sectors including bioenergy, food, construction and logistics.

Brazil's President Jair Bolsonaro Wednesday did not concede an iota of what his Paraguayan counterpart Mario Abdo Benítez was seeking during a bilateral Summit in Brasilia to discuss Annex C of the Itaipú agreement regarding fees.

Paraguay has a new Foreign Affaire minister, Jorge Lara Castro who until now was Deputy to Hector Lacognata and who had presented his resignation three weeks ago.