The Republic of Paraguay is a landlocked country covering 400,000 sq.kms bordered by Argentina to the south, Brazil to the east and Bolivia to the north. The country has just over 6 million inhabitants, for a GDP of US$27 billion. Due to its central location in South America, Paraguay is sometimes referred to as the “Heart of South America” (source: Tresor, 2016).
Paraguay’s economy is mainly based on agriculture. The country is one of the largest exporters of soybeans in the world. However, its economy has diversified considerably in recent years, developing in the energy, automotive and textile sectors. Paraguay’s main trading partners are Brazil, Russia, Argentina, Chile, Italy and Uruguay.
France is also a major partner for Paraguay and French companies are increasingly interested in opportunities in this country.
In order to meet the needs of its customers on the Paraguayan market, Simon Associés has developed privileged relations with economic and legal partners locally.