Canada and Mercosur member States will resume negotiations on a free trade agreement in October, a Brazilian representative said last week.
The announcement comes as a light at the end of the tunnel for the parties amid the tariff offensive by US President Donald Trump.
Talks between Canada and…
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paraguay
The United States signs a Safe Third Country agreement with Paraguay
Paraguay has become the first country in Latin America to sign a Safe Third Country agreement with the United States, meaning that Paraguayans currently on US soil will be able to apply for protection from their country of origin.
This was…
Paraguay decreed a 3.6 % increase in the minimum wage
On Friday, June 27, the president of Paraguay, Santiago Peña, signed the decree corresponding to the 3.6 % increase in the country's minimum wage.
"In this way, workers' compensation is adjusted by 100,739 guaraníes, increasing the current…
Agricultural sectors in Latin American countries could benefit from US tariffs
US tariffs on major powers and other countries around the world could allow nations like Brazil, Argentina, Paraguay, and Uruguay to benefit by filling the gap in large supply chains, particularly in the agricultural market.
These Latin…
Latin America and the IDB create an alliance against organized crime
The Inter-American Development Bank signed the Alliance for Security, Justice and Development with Argentina, Bahamas, Barbados, Belize, Brazil, Chile, Costa Rica, Dominican Republic, Ecuador, Guatemala, Guyana, Honduras, Jamaica, Panama,…
EU-Mercosur trade agreement will open doors to exports
The European Union closed the free trade agreement with the countries of the Common Market of the South (Mercosur) on Friday, December 6.
The deliberations took more than two decades; 25 years. And France, Poland and Italy are still…
Fiscal deficit increases in Brazil, Mexico, Chile and Colombia
The risk rating agency Fitch Ratings issued its report on the fiscal deficit in Latin America for the first half of 2024, where an increase is seen in Brazil, Mexico, Chile and Colombia. On the other hand, it highlights the improvements in…
Unauthorized Bitcoin mining will be punished with ten years in prison in Paraguay
The Paraguayan Senate approved increasing the penalty for Bitcoin miners without proper authorization to 10 years in prison, thus continuing the request made last month by Senator Ever Villalba by modifying article 173 of the Penal Code.…
Bitcoin at risk in Costa Rica and Paraguay
Two American countries could ban Bitcoin. Costa Rica will propose a bill that restricts the use of cryptocurrency in daily transactions and Paraguay is in favor of eliminating the mining of this digital currency, since the high consumption…
Venezuela and Paraguay reestablished diplomatic relations
Through a statement issued by the Ministries of Foreign Affairs of Venezuela and Paraguay, the reestablishment of diplomatic and consular relations was announced. Ambassadors will soon be accredited accordingly.
Nicolás Maduro, President…
Inflation in Paraguay falls to 2.9 % year-on-year in August
The Paraguayan Consumer Price Index (CPI) fell six tenths in August compared to the previous month and now stands at 2.9 % year-on-year, very close to the target range, according to what the Central Bank of Paraguay disclosed on Monday.…
Santiago Peña took office as the new president of Paraguay
Santiago Peña was sworn on Tuesday as the new President of Paraguay for the next five years in a ceremony at the Palacio de López, in Asunción, in which he assured that he would continue the "political vocation" of consensus and agreements…