Spanish Prime Minister Pedro Sánchez held a telephone conversation this week with Paraguayan President Santiago Peña during which he insisted on his country's commitment to finalizing the trade deal between the European Union and Mercosur while he held the rotating presidency of the northern alliance. The deal would unite 800 million people and represent a quarter of the world's Gross Domestic Product (GDP). If things go on as projected, Mercosur would obtain duty-free access for 93% of its exports to the EU, with a 10-year deadline to achieve this goal.
President Santiago Peña met on Tuesday with members of the Paraguayan community in Italy to discuss the situation of the South American expatriates. During the meeting, Peña stressed the importance of his country projecting an image of solid and transparent institutions that would lead to economic growth.
Paraguayan President Santiago Peña and Argentina's President-elect Javier Milei held a telephone conversation Monday during which they discussed bilateral issues. The Libertarian economist extended an invitation to Peña to attend his inauguration on Dec. 10 in Buenos Aires, which was accepted.
Paraguay and Venezuela agreed on Wednesday to resume diplomatic ties cut under former Paraguayan President Mario Abdo Benítez in January 2019. At that time, the then-president of Venezuela's National Assembly, Juan Guaidó, proclaimed himself president of a government that ended up in exile despite the backing of the international community and eventually vanished like a soap bubble.
The United States has reopened its doors to Paraguayan beef after 25 years, President Santiago Peña announced Thursday together with US Undersecretary of State for Economic Growth, Energy and Environment José W. Fernández and US Ambassador Marc Ostfield, it was reported in Asunción.
Paraguayan President Santiago Peña spoke Tuesday in favor of free trade and environmental protection during his appearance before the Economic Commission for Latin America (ECLAC) at its Santiago (Chile) headquarters.
Paraguayan President Santiago Peña will be traveling to Santiago for a meeting with his Chilean colleague Gabriel Boric Font on Monday and a conference at the Economic Commission for Latin America and the Caribbean (ECLAC) on Tuesday, among other engagements. Peña will stay in the Chilean capital until Nov. 8, it was also announced.
According to the Central Bank of Paraguay (BCP), direct investment in the South American country reached a record US$ 725 million last year, it was reported Tuesday in Asunción.
Paraguayan President Santiago Peña has filed a complaint with the Organization of American States (OAS) against Argentina's unacceptable and protectionist decision to impose tolls on barges passing through the Paraná River waterway. However, he failed to mention the neighboring country during his appearance before the continental body's Permanent Council.
During a speech at the Wilson Institute in Washington DC, Paraguayan President Santiago Peña highlighted the importance of Mercosur in the face of the recent Argentine elections - regardless of the outcome of the Nov. 19 ballot - and greenlighted China's approach to the bloc.