Background

The U.S. and Paraguay signed Jan. 13 a bilateral trade and investment framework agreement that supersedes a similar agreement concluded in September 2003. The TIFA creates a forum for the two countries to engage on a broad range of economic issues such as market access, intellectual property rights protection, and cooperation on shared objectives in the World Trade Organization and other multilateral fora. 

A USTR press release notes that two-way trade in goods was approximately $1.7 billion in 2015, an increase of nearly 70 percent from 2005. 

Close

Cookie Consent

We use cookies on our website. By continuing to use our website, you agree to the Privacy Policy and Terms of Use.