Paraguay's ABC Color newspaper published an article evaluating the results of the "historic" visit of Paraguayan Minister of Industry and Trade, Javier Gimenez, to Vietnam recently, in an effort to promote bilateral cooperation.
Screenshot of the article.
This newspaper believes that Vietnam is a potential trade market for Paraguay, especially agricultural products such as soybeans and meat.
Regarding the results of the working session with Vietnamese Minister of Industry and Trade Nguyen Hong Dien on May 24, Minister Gimenez affirmed that the visit will contribute to promoting and supporting the Vietnamese business delegation preparing to go to Paraguay to seek cooperation and trade exchange opportunities.
According to Mr. Gimenez, Paraguay is making efforts to seek and expand new markets to export soybeans and meat as well as other products, especially towards member countries of the Association of Southeast Asian Nations (ASEAN) with 700 million people, including Vietnam.
Minister Gimenez also had working sessions with Vietnamese businesses, including representatives of Viettel Telecommunications Group, one of the largest telecommunications groups in Southeast Asia.
Minister Gimenez also emphasized the need to launch negotiations on a Free Trade Agreement between the Southern Common Market (Mercosur) and Vietnam. Paraguay will strongly promote this issue as the rotating chair of Mercosur in 2024.
Paraguay is one of Vietnam's 10 largest trading partners in Latin America. Trade turnover between the two countries in 2023 reached more than 280 million USD, an increase of 22.2% compared to 2022.
Vietnam's main exports to Paraguay include coffee, sports shoes, electric fans, rubber, rattan and bamboo products, ceramics, and garments, while imports include soybean meal, beef and by-products, leather, and wood.
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