US Edition
Japan and Paraguay to Upgrade Ties to Strategic Partnership
- On Wednesday, Japanese Prime Minister Shigeru Ishiba and Paraguayan President Santiago Pena agreed to elevate their countries' relationship to a strategic partnership.
- The leaders reached this accord amid talks that also included launching a bureau-chief-level policy dialogue and easing visa rules for Paraguayan visitors.
- They confirmed a substantial agreement to conclude an investment pact that supports Japan’s interest in Mercosur through Paraguay’s unique regional position.
- The Japanese government plans to promote the involvement of its companies in the South American market by utilizing Paraguay’s membership in the Mercosur trade bloc, despite Paraguay’s diplomatic relations with Taiwan.
- This partnership suggests enhanced political and economic cooperation between Japan and Paraguay, potentially increasing Japanese business presence in Mercosur markets.
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Paraguay strengthens ties with Japan through Peña's visit
Japan has elevated Paraguay to a 'strategic partner' status during President Santiago Peña's visit, marking a century of diplomatic relations. This strengthens ties through trust, cooperation, and mutual development. Japan approved a US$ 240 million credit for transformative infrastructure projects in the South American country, plus visa-free entry for short-term Paraguayan travelers and a political consultation agreement to deepen cooperation.
·Caracas, Venezuela, Bolivarian Republic of
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