PH, Paraguay to strengthen trade, investment ties
Provided by Philippine Daily Inquirer.
MANILA, Philippines — The Department of Trade and Industry (DTI) is looking to deepen the country's trade relationship with Paraguay, seeing strong prospects particularly in agriculture, manufacturing, and industrial development.
The DTI said that both countries have expressed their commitment towards this goal, following a recent series of high-level meetings.
Paraguay’s Vice Minister for Investments and Exports, Javier Vivero, visited the country from February 20 to 21.
READ: Take advantage of PH growth momentum, investors urged
The government agency said the discussions were attended by key government agencies such as the Board of Investments (BOI), Center for International Trade Expositions and Missions (CITEM), and the Department of Foreign Affairs (DFA).
Private sector representatives from the Philippine Chamber of Commerce and Industry (PCCI) and San Miguel Corp. were also part of the discussions.
The discussions focused on enhancing trade and investment relations, as well as the exchange of experiences in export, investment, and economic development, said the DTI.
“Both countries recognized shared strengths in manufacturing and energy sectors and agreed on the potential to become strategic partners for foreign investors,” the DTI said in a statement.
During discussions with the PCCI, the DTI said that Vivero shared opportunities involving Paraguay’s Bioceanic Corridor, a major transportation route linking the Atlantic and Pacific Oceans.
“This corridor is expected to enhance regional trade by connecting Mercosur markets,” said the DTI, referring to the South American trade bloc.
According to the DTI, the Philippines and Paraguay continue to maintain robust trade relations, with the former exporting advanced machinery, electrical equipment, and high-value agricultural products like coconuts and Brazil nuts.
In turn, the Philippines imports Paraguayan commodities such as soybean cakes, frozen beef, rice, corn, and industrial materials.
(2025/03/07-10:30)
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- 01/08 07:17 Open-world games can boost mental health, says study
- 01/08 05:30 ‘Above normal’ rainfall, more typhoons seen January to March
- 01/08 04:40 Many tourists take bus to Baguio amid traffic woes, says mayor
- 01/08 02:10 December inflation sped up to 2.9%, fastest in 4 months
- 01/08 02:05 New high: Gov’t debt topped P16 trillion in November
- 01/07 15:30 Suspected Chinese drone ‘non-operational’ when recovered – Navy
- 01/07 05:55 PH starts temporary hosting of 300 Afghans
- 01/07 05:50 ‘Monster’ still in PH waters, ignores PCG call to leave
- 01/07 05:40 Rights advocates urge US Congress urged to reconsider bill vs ICC
- 01/07 05:00 NSC: No proof yet China behind crashed drone
- 01/07 02:10 John Hay on lockdown as BCDA takes over
- 01/07 02:05 Meralco bags deal to build 600-MW gas plant in Singapore
- 01/06 15:31 NSC restructuring not a sign of rift in security sector – Malaya
- 01/06 13:40 China’s ‘monster ship’ off Zambales an act of aggression – NSC
- 01/06 12:11 New transfer system needed for Filipino prisoners abroad – solon
- 01/06 12:06 BCDA revenues hit P11B in 2024
- 01/06 11:15 PhilRice announces new rice varieties that can lower blood sugar
- 01/06 09:00 How to quit social media for a much-needed digital detox
- 01/06 07:56 PH firms must brace for AI-powered attacks
- 01/06 05:35 More endorsers back 4th impeachment rap vs VP Duterte
- 01/06 05:32 PCG sends ship, 2 aircraft to challenge ‘The Monster’
- 01/06 05:30 US to stay ‘laser-focused’ on PH-China maritime issues
- 01/06 05:25 Opposition mounts vs SSS premium hike
- 01/06 02:10 DBS raises PH GDP growth forecast to 5.8%
- 01/05 19:35 Ex-president also excluded Robredo from NSC – Tañada to Duterte allies
- 01/05 13:42 Rights group calls for ‘greater vigilance’ in 2025, alleges violations
- 01/05 05:41 AFP vows loyalty to flag after Marcos revamp of NSC
- 01/05 05:35 DOST: This smart pen for kids can help tell if they’re troubled
- 01/05 02:15 PH aspires to be next green power paradise
- 01/04 10:03 VP Duterte’s removal from NSC marks intense political conflict – Castro
- 01/04 05:30 BI hunts down 11,000 foreign Pogo workers still in PH
- 01/04 02:10 New year, new jets for rich Filipinos
- 01/03 16:09 Chinese embassy in PH dismisses rumors of new disease outbreak in China
- 01/03 14:57 Marcos reorganizes NSC, removes VP as member due to irrelevance
- 01/03 13:47 Oreo maker Mondelez uses AI to create new snack flavors
- 01/03 10:00 DOH verifying alleged 'international health concern'
- 01/03 08:36 BI: 22,609 Pogo workers leave PH; 11,000 others for deportation
- 01/03 07:47 China develops a self-lightening backpack
- 01/03 05:40 ‘Chinese’ drone retrieved from Masbate waters piques Navy
- 01/03 05:19 As PBA enters 50th year, will four-point shot stay?
- 01/03 02:14 SEC drafts rules on crypto services
- 01/03 02:12 DigiPlus secures Brazil license
- 01/02 10:56 Filipino scientists made concrete blocks with coffee grounds
- 01/02 05:38 OSG: Pogo asset seizures, birth records purge next
- 01/02 05:32 Northern Luzon at risk of more quakes
- 01/02 05:25 PH ambassador to Hungary is latest Marcos appointee
- 01/02 05:21 Ecozone eyed as naval base site in Mindanao
- 01/02 02:15 IMF asks BSP to disclose info on balance sheet strategy
- 01/02 02:10 1st round of PH-Chile FTA talks set for March
- 01/01 22:45 Marbil vows ’tech-driven, apolitical’ PNP in 2025
- 01/01 18:15 PH Ambassador Romualdez to attend Trump inauguration – Palace
- 01/01 05:39 Budget critics: Veto still left ‘pork’ intact
- 12/31 12:06 OCD gears up for another Mt. Kanlaon eruption
- 12/31 05:40 Vice, gore: A peek into the sinister world of Pogo traffickers
- 12/31 05:35 Panfilo Lacson to gov’t: Brace for legal challenge vs 2025 budget
- 12/31 02:08 An upper middle-income nation by 2025? What PH is bound to lose
- 12/31 02:02 Philippine telcos ramp up cybersecurity efforts
- 12/30 14:56 ‘Broken from start’, UniTeam sees complete collapse
- 12/30 13:07 Marcos pays tribute to late former US President Jimmy Carter
- 12/30 09:33 Marcos signs P6.3 trillion 2025 national budget, vetoes P194 billion
- 12/30 05:20 Filipino booters look to clinch a first-ever Asean Cup finals berth
- 12/30 02:30 PH home prices contract for first time in 3 years
- 12/30 02:28 PH attracts net ‘hot money’ inflow of $96.59M in Nov
- 12/24 21:09 Watch out for crypto scams this Christmas – CICC
- 12/22 05:50 BFAR plane tells Chinese Navy: ‘Review your chart!’
- 12/22 05:38 AFP trusts President Marcos, system, says Brawner
- 12/22 05:30 Marcos, VP Duterte ratings down as poll reflects inflation woes
- 12/22 02:22 Woke but confused: Holidays leave adulting Filipinos financially bipolar
- 12/20 10:37 6 power projects endorsed for operating permits
- 12/20 05:52 Marcos: Let DOJ handle House move vs Rodrigo Duterte
- 12/20 05:48 PNP partners with TikTok vs online scams, exploitation
- 12/20 05:42 SC fires judge involved in wife’s illegal deals
- 12/20 05:34 3rd impeach rap filed vs VP Duterte; Leni Robredo ally an endorser
- 12/20 05:04 Golf club members join legal battle in Camp John Hay
- 12/20 02:24 Balance of payments deficit grew to widest in over 2 years
- 12/19 16:06 Sovereignty, accountability, and hope: Key Philippine stories of 2024
- 12/19 13:47 Blueleaf ramps up Laguna floating solar deployment
- 12/19 09:39 PH bracing for foreign bond comeback in H1 2025
- 12/19 09:22 Vietnam learns lesson about China aggression – everyone’s a target
- 12/19 05:42 8,000 foreign Pogo workers still in PH with tourist visas, says BI
- 12/19 05:30 House tags Duterte, et al. for ‘crimes against humanity’
- 12/19 04:32 ‘Decarbonizing’ PH a race against time – but ‘we should do it properly’
- 12/19 02:28 Marcos-Duterte clash to hurt economy – Fitch
- 12/19 02:12 Holiday online shopping fraud ‘alarmingly high’ in PH
- 12/18 12:58 Neda Board approves issuance of EO on PH-Korea free trade deal
- 12/18 10:13 Blockchain Game Alliance Report shows organic Web3 gaming growth
- 12/18 09:34 DepEd budget expose billions in unspent funds
- 12/18 09:12 Prisoner swap pacts with other nations eyed after Veloso’s return
- 12/18 05:50 House OKs bill that lets foreigners lease land for 99 years
- 12/18 05:10 PhilHealth P500-B fund investment questioned
- 12/17 14:13 DTI revising regulations for vape products
- 12/17 12:25 AFP: Yearend WPS resupply, Noche Buena delivery missions successful
- 12/17 10:05 Peza expects approved investments to rise by 10% in 2025
- 12/17 09:56 Shadowy uranium trade reaches PH, raises fear of ‘dirty bomb’
- 12/17 05:45 COA: 4,000 dead seniors still on PhilHealth database
- 12/17 05:35 SC: Suspension of single, pregnant teacher illegal
- 12/16 18:23 Marcos on current state of PH: We’re quite stable amid political noise
- 12/16 05:33 Island Cove’s jobless: The other side of the Pogo ban
- 12/15 17:47 Dolly de Leon says a celeb’s craft deserves more focus than personal life
- 12/15 05:50 Senate bill forfeits illegal Pogo assets in favor of gov’t
- 12/15 05:25 DBM opens e-market for gov’t suppliers
- 12/15 02:03 Engineers build innovative roof manufacturing business
- 12/14 09:25 AI solar boat cleans 2.5 million liters of river water daily
- 12/14 08:40 AI agents will become brand ambassadors in 'Agentic Era' – study
- 12/14 05:55 House panel: Ex-president Duterte center of grand criminal enterprise
- 12/14 05:30 SMNI duo ordered to pay TV journalist P2M in damages
- 12/14 04:40 Negros Occidental declares state of calamity after Kanlaon blast
- 12/13 12:48 Harvard opens access to 1 million books for training AI models
- 12/13 12:21 Marcos aims to make PH military a 'world-class force'
- 12/13 11:39 Philippines deports 2,300 Pogo workers to China, other Asian countries
- 12/13 10:01 Gov’t eyes more diversified external financing before losing ODA perks
- 12/13 08:55 Teacher uses this trick to check students’ AI homework
- 12/13 05:30 Seized Pogo properties pose next gov’t challenge
- 12/13 02:32 It’s final: BCDA regains control of John Hay
- 12/12 22:14 2 more PH nature reserves tagged of ‘international importance’
- 12/12 10:59 VP Sara Duterte wrong in saying DOJ is ‘biased’ in probing her – exec
- 12/12 09:14 AI’s real impact on the global economy
- 12/12 05:48 Fisherfolk to SC: Void Manila Bay reclamation works
- 12/11 17:30 VP Sara Duterte considering hiring private security force
- 12/11 15:09 Local identity fraud cases surged 119% this year — study
- 12/11 14:24 DA bans poultry from The Netherlands
- 12/11 14:10 PDEA raises alarm over marijuana's growing popularity as holidays near
- 12/11 11:38 Marcos vows to make overseas work a choice, not a necessity
- 12/11 11:14 Readers more likely to distrust news from AI articles – study
- 12/11 07:32 Pogo phaseout in full swing; only 17 remain
- 12/11 05:55 Marcos rules out warship deployment in West Philippine Sea
- 12/11 02:04 World Bank trims PH growth outlook
- 12/10 15:34 China’s acts of war in West PH Sea accelerating ecological ruin
- 12/10 10:18 LTO vows stricter regulation of motorcycle taxis
- 12/10 05:50 Secret fund use hits P10B; OVP outspends 4 security agencies
- 12/10 05:45 Over 100 kilos of uranium seized in Pasay, CDO and Mandaue
- 12/10 04:40 Thousands evacuated as Mt. Kanlaon erupts anew
- 12/10 02:11 PH emerges as hot spot for RE investments
- 12/09 08:00 105 y.o. saved from stroke through advanced procedure in The Medical City
- 12/09 05:55 Chinese vessel hits BFAR ship with laser six times
- 12/09 05:50 Kalookan bishop, drug war critic is PH 10th cardinal
- 12/09 04:35 Eastern Samar has ‘fastest’ economic growth in Eastern Visayas
- 12/08 02:04 Demand for first-class seats rising among Filipino jetsetters
