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Paraguay’s President visit to India

03.06.2025

 

Paraguay’s President visit to India

 

Context

Paraguay’s President visited India recently, marking a new phase in bilateral ties and deeper trade engagement within the Mercosur framework.

About the News

  • Paraguay’s President paid his first official visit to India.
  • Talks included cooperation in energy, minerals, and digital tech.
  • India-Paraguay ties started in 1961; the embassy opened in 2022.
  • India seeks to deepen trade under Mercosur PTA signed in 2004.

 

About MERCOSUR :

  • MERCOSUR is a South American economic bloc formed in 1991 by the Treaty of Asunción.
  • Founding members include Argentina, Brazil, Paraguay, and Uruguay; Venezuela is suspended.
  • Its aim is the free movement of goods, services, capital, and people.
  • Headquarters is in Montevideo, Uruguay; official languages are Spanish and Portuguese.
  • India signed a Preferential Trade Agreement (PTA) with MERCOSUR in 2004.
  • Paraguay has critical minerals vital for India’s growth sectors.
     

Conclusion

India and Paraguay are building a stronger strategic and economic partnership, and leveraging Mercosur will play a central role in enhancing South-South cooperation across key sectors

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