Books & Magazines

Prelims Wallah (Q&A Bank)

Udaan

Udaan 500+

Budget & Economic Survey

Monthly Current Wallah

Weekly Current Wallah

Editorial Summary

Editorial Q&A Compilation

NCERT Wallah

Prahaar (Mains Wallah)

Marks Booster

Mains Wallah (Q&A Bank)

UPSC PYQs

UPSC Notes

CA & Editorials

Daily Current Affairs

Subject Wise Current Affairs

Editorial Analysis

Other Resources

Current Affairs

India-Paraguay Relations: Paraguay President’s Visit to Boost

India-Paraguay Relations: Paraguay President’s Visit to Boost Cooperation

PWOnlyIAS

June 03, 2025

India-Paraguay Relations: Paraguay President’s Visit to Boost Cooperation

Paraguay’s President is on his first official visit to India adding new dimensions to India-Latin America relations.

  • He is on a three-day visit to India to explore ways to expand overall cooperation.

Key Highlights of the Visit

  • Terrorism: Paraguay supported India in its fight against terrorism by expressing its strong condemnation of the terrorist attack in Pahalgam, Kashmir.
  • Shared Challenges: Both nations discussed and realised the possibility of cooperation in fight against shared challenges such as cybercrime, organised crime, and drug trafficking.
  • Cooperation: Both the nations discussed upon new opportunities for cooperation in areas such as digital technology, critical minerals, energy, agriculture, healthcare, defence, railways, space and overall economic partnership
  • Joint Commission Mechanism (JCM): A joint commission mechanism (JCM) established at the Secretary / Vice-Ministerial level will serve as a key platform to review and advance cooperation in priority areas of mutual interest.
  • Expanding presence in Latin America: New Delhi wishes to further expand its engagement with the South American trading bloc MERCOSUR beyond the preferential trade arrangement route.
  • AgriStack: Paraguay has expressed interest in India’s Agristack Platform to use digital platforms in making its agriculture more efficient.

About India-Paraguay Relations

  • Bilateral diplomatic ties between the two nations were established in 1961.
    • India-Paraguay TiesIndia opened its embassy in Paraguay’s capital Asuncion in 2022. 
  • Bilateral Trade: The India-Paraguay bilateral trade stood at USD 477 million with balance of trade shifted towards India.
    • India’s Exports to Paraguay: It is worth USD 317 million and includes  motor vehicles, agrochemicals, auto parts and pharmaceutical products.
    • India’s Import: India imported goods worth USD 160 million and includes soya oil and related products, iron and steel, aluminium, and animal products.
  • Technical and Development Cooperation: India offers 20 scholarships under the ITEC program to Paraguay.
  • India-MERCOSUR Preferential Trade Agreement (PTA): Preferential duty (10-20 % in most cases) is given to certain Indian Products entering MERCOSUR countries and vice versa. 
    • India offers an additional 10% margin of preference to Paraguay for a Tariff Rate Quota of imports of crude soybean oil up to 30000 MT/year.

About The Republic of Paraguay

  • Paraguay is a landlocked country in South America.
  • Neighbours: It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest.
  • Capital City: Asunción

About MERCOSUR (Mercado Común del Sur, or Common Market of the South)

  • Established: It is a South American trade bloc established in 1991 including 5 full member states of Brazil, Argentina, Paraguay and Uruguay and Bolivia ( Signed in 2015 and Ratified by Bolivia in July 2024)
    • Venezuela’s membership has been suspended in 2016.
  • Aim: To establish a customs union and a common market, allowing for the free movement of goods, services, capital, and people among member countries.
  • Official Working Languages: Spanish and Portuguese.

Also Read
UPSC Daily Editorials UPSC Daily Current Affairs
Daily Current Affairs Quiz Daily Main Answer Writing
Check Out Previous Years Papers From PW Store UPSC Test Series
Check Out UPSC NCERT Textbooks From PW Store Check Out UPSC Modules From PW Store 

Print Friendly, PDF & EmailDOWNLOAD PDF

To get PDF version, Please click on "Print PDF" button.

Print Friendly, PDF & EmailDOWNLOAD PDF

Recent Editorial

Ethics, Types of Beliefs, Virtues & Character...

Injustice in the Delay: On the Next Census

Should India Amend its Nuclear Energy Laws

Minimize Food Loss and Waste for the Sake of Our P...

Exposomics for Better Environmental Health

Empowering Women in Green Business

Popular current affairs

India-Central Asia Dialogue

The Energy Sector Roadmap

Poverty Line Revised By World Bank

Qualifying Asset Threshold for NBFC-MFIs Reduced

Agro-Terrorism

News in Shorts: 07 June 2025

Our Courses

Our Courses

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

Aiming for UPSC?

Download Our App

# #

Download Our App

# #

Contact Details

Copyright © 2025 PWOnlyIAS
Privacy Policy Terms & Condition

Aiming for UPSC?

Download Our App

# #
      

Follow Us:

Contact Details

Download Our App

# #
Copyright © 2025 PWOnlyIAS
Privacy Policy Terms & Condition
Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">






    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.