Paraguay is Mexico’s 19th-largest trading partner in Latin America and the Caribbean. In 2015, bilateral trade totaled USD$224.5 million.
Both countries believe in openness to the world and preserving economic stability as the foundation for development and prosperity. Since the beginning of President Cartes’ administration, the bilateral relationship has enjoyed a renewed optimism.
Paraguay plays an active role in the region and seeks to diversify its relations. It recognizes Mexico as an important partner in the region.
President Peña Nieto will lead the official welcome ceremony and the meeting between the two leaders, who will witness the signing of new agreements that will strengthen the bilateral legal framework.
During his visit, President Cartes will lay a wreath at the Monument to the Niños Heroes (Heroic Cadets).
Mexico and Paraguay have various bilateral channels of communication in different areas to address issues of mutual interest, including:
- A Mechanism for Consultation and Coordination
- A Joint Commission on Technical and Scientific Cooperation
- A Joint Educational-Cultural Cooperation Committee
- A Cooperation Committee against Drug Trafficking and Drug Abuse
- A Cooperation Mechanism for Communities Abroad
