Country Information Export Development Canada South and Central America and the Caribbean

Paraguay

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Evaluating the market in Paraguay

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EDC Position

EDC Country Position – Open on a restricted basis

Open on restricted basis

What this means:

  • Responsive approach to business
  • EDC solutions are available on a restricted basis
How does EDC determine the position?

Risk Rating

EDC Country Position – Medium Risk

Medium Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in Paraguay

The Paraguayan economy is small and open, with an average growth rate of 5% over the past decade, despite volatility during that period. This growth has been based mainly on the heavy dependence on agricultural production and foreign trade, particularly soybean, beef and electric power exports. Growth may be slightly hindered over the short term due to the slowdown in Brazil and Argentina which account for 40% of exports and are the main source of FDI for Paraguay. Major economic reforms over the past decade, such as the fiscal responsibility law and inflation targeting, have helped the country make significant progress at the macroeconomic level.
  • Agriculture
International Trade Solutions

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1-888-220-0047

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Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC