Report by the WTO Secretariat

Paraguay has a very open trade and investment regime. Applied MFN tariffs are relatively low (8.5 per cent on average) and there is little recourse to non-tariff measures. The aim of Paraguay’s medium-term trade strategy is to boost the role of international trade as an engine for economic growth and to diversify its export base, which remains focused on a few agricultural products and on a small number of markets. Paraguay is also seeking to enhance the business climate so as to attract larger flows of foreign investment and thus foster economic growth and employment.

Related Topics: Trade monitoring
Countries: Paraguay
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