Paraguayan President Hopes for Taiwanese Investment to Promote Bilateral Industrial Growth and Create Business Opportunities
Paraguayan President Santiago Peña, during an investment briefing in Taipei, expressed his hope for Taiwanese companies to invest in Paraguay, citing the country's stable economic foundation and investment conditions. He emphasized that the long-standing friendship between Taiwan and Paraguay serves as a cornerstone for future cooperation, aiming for deeper economic collaboration and more business opportunities.
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- 📰 Published: May 8, 2026 at 20:13
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Taipei, May 8 (CNA) Paraguayan President Santiago Peña, at an investment opportunities briefing held in Taipei today, stated that Paraguay possesses a stable economic foundation and favorable investment conditions. He expressed hope that the briefing would instill confidence in Taiwanese businesses to invest in Paraguay. Peña highlighted that the decades-long diplomatic ties between Taiwan and Paraguay are the cornerstone for future cooperation, anticipating that economic collaboration will enter a deeper phase, creating more business opportunities under a win-win scenario.
The Ministry of Foreign Affairs hosted the 2026 Paraguay Republic Meat Promotion and Investment Opportunities Briefing this afternoon at the Regent Taipei. President Peña, Foreign Minister Joseph Wu (Lin Chia-lung), and several other officials from Taiwan and Paraguay attended. The International Economic Cooperation Association of the Republic of China, the Food Industry Research and Development Institute, and the Taiwan Academy of Banking and Finance each signed Memoranda of Understanding (MOU) with their respective Paraguayan counterparts.
Foreign Minister Wu stated in his address that Paraguay is an important ally and trade partner for Taiwan in Latin America, and the most trustworthy choice for Taiwanese enterprises venturing into the American market. He described Taiwan and Paraguay as strategic partners with complementary strengths and mutual benefits. Wu noted that Paraguay offers a stable tax system and competitive labor conditions, and is one of the few countries globally that can achieve 100% renewable energy supply. This "green electricity advantage" is a critical resource for Taiwanese manufacturers to cope with global decarbonization pressures and promote net-zero transformation.
Wu added that he believes attendees from the food, agriculture, apparel, and green energy sectors would find excellent opportunities to connect with global supply chains. He affirmed that Taiwan and Paraguay would deepen cooperation based on high mutual trust, jointly promoting regional prosperity and sustainable development.
President Peña reiterated that Paraguay is located in the heart of South America, serving as a waterway hub, and that 100% of its energy comes from hydroelectric power, providing a stable economic foundation and investment conditions. He expressed hope that the briefing would encourage Taiwanese businesses to invest in Paraguay, emphasizing that the decades-long diplomatic friendship between Taiwan and Paraguay is the foundation for economic and trade cooperation.
Peña pointed out that Taiwan and Paraguay not only have diplomatic cooperation but that Paraguay is also an excellent investment location. He looks forward to Taiwanese investment in Paraguay fostering bilateral industrial growth, leading to deeper economic cooperation and creating more business opportunities. (Editor: Hsieh Chia-chen) 1150508
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The Ministry of Foreign Affairs hosted the 2026 Paraguay Republic Meat Promotion and Investment Opportunities Briefing this afternoon at the Regent Taipei. President Peña, Foreign Minister Joseph Wu (Lin Chia-lung), and several other officials from Taiwan and Paraguay attended. The International Economic Cooperation Association of the Republic of China, the Food Industry Research and Development Institute, and the Taiwan Academy of Banking and Finance each signed Memoranda of Understanding (MOU) with their respective Paraguayan counterparts.
Foreign Minister Wu stated in his address that Paraguay is an important ally and trade partner for Taiwan in Latin America, and the most trustworthy choice for Taiwanese enterprises venturing into the American market. He described Taiwan and Paraguay as strategic partners with complementary strengths and mutual benefits. Wu noted that Paraguay offers a stable tax system and competitive labor conditions, and is one of the few countries globally that can achieve 100% renewable energy supply. This "green electricity advantage" is a critical resource for Taiwanese manufacturers to cope with global decarbonization pressures and promote net-zero transformation.
Wu added that he believes attendees from the food, agriculture, apparel, and green energy sectors would find excellent opportunities to connect with global supply chains. He affirmed that Taiwan and Paraguay would deepen cooperation based on high mutual trust, jointly promoting regional prosperity and sustainable development.
President Peña reiterated that Paraguay is located in the heart of South America, serving as a waterway hub, and that 100% of its energy comes from hydroelectric power, providing a stable economic foundation and investment conditions. He expressed hope that the briefing would encourage Taiwanese businesses to invest in Paraguay, emphasizing that the decades-long diplomatic friendship between Taiwan and Paraguay is the foundation for economic and trade cooperation.
Peña pointed out that Taiwan and Paraguay not only have diplomatic cooperation but that Paraguay is also an excellent investment location. He looks forward to Taiwanese investment in Paraguay fostering bilateral industrial growth, leading to deeper economic cooperation and creating more business opportunities. (Editor: Hsieh Chia-chen) 1150508
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