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Paraguay News

Landlocked Paraguay has a market economy marked by a large informal sector. This sector features both reexport of imported consumer goods to neighboring countries as well as the activities of thousands of microenterprises and urban street vendors. The natural resources of the country are timber, iron ore, hydropower, manganese, limestone etc. Cotton, soybeans, sugarcane, corn, tobacco, wheat, cassava, fruits, vegetables and son are the primary agricultural products. The fast growing industries of the Republic are cement industry, textile industry, sugar industry, beverages, steel industry, metallurgic industry, wood products, electric power etc. The export materials of Paraguay are feed, cotton, soybeans, meat, electricity, wood, edible oils, leather and so on. Uruguay, Brazil, Argentina and Chile are the nations that are involved in the export business with Paraguay.

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