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.