Paraguay’s GDP could grow 4% more

Negotiations of the bloc agreement between Mercosur and the EU would bring very important commercial benefits for the region

According to estimates by the head of Trade Agreements of the Paraguayan Ministry of Finance, Raúl Domínguez, the Gross Domestic Product (GDP) of the region could grow 4% more than expected.

This responds to the culmination of the negotiations of the coveted agreement of the regional blocks of the Southern Common Market (Mercosur) and the European Union (EU), which can bring great benefits in the commercial field.

This commercial growth of 4% in GDP, if the average of 40,000 million dollars is taken into account, would amount to some 1,600 million as potential in commercial businesses, coinciding with the debt contracted by the country under the current Health Emergency Law of the coronavirus.

The possible deals between the EU and Mercosur are part of the political cooperation chapter of the Bi-regional Association Agreement between both blocks

This is the Export Potential Map that identifies products, markets and suppliers with this potential, as well as export diversification opportunities for up to 226 countries and 4,377 products that can be exchanged between both blocks, in which the European market has 200 million potential consumers.

K. Tovar

Source: La Nación

Comments are closed.