BYD in Brazil, the Chinese automaker making significant inroads into international markets, continues to expand its footprint with ambitious new projects. After announcing the March 2025 start of assembly for two highly anticipated models—the Song Pro, a hybrid flex plug-in mid-size SUV, and the Dolphin Mini, the first electric car to be mass-produced in Brazil—BYD in Brazil has revealed plans to develop two entirely new vehicles explicitly designed for the Brazilian market. These vehicles are slated for release between late 2025 and early 2026 and will be produced at the company’s state-of-the-art factory in Camaçari, Bahia. The facility, currently under construction, will eventually operate at full capacity, manufacturing up to 12 different models.

A Strategic Move to Dominate Brazil’s Market

Creating Brazil-specific models is a bold strategy for BYD in Brazil, emphasizing its commitment to tailoring its offerings to local needs and preferences. Stella Li, BYD’s CEO for the Americas and recently appointed president of the company in Europe, confirmed the development of these exclusive models during an interview with Autoesporte and Valor Econômico. “Yes! We will have BYD products developed specifically for the Brazilian market,” she said, underscoring the importance of Brazil as a focal point for the company’s Latin American strategy.

Li elaborated that these vehicles are designed to cater to segments yet to be addressed in China, reflecting BYD in Brazil’s adaptability and willingness to innovate for diverse markets. While details about the models remain sparse, this announcement is already generating significant buzz among Brazilian consumers and automotive enthusiasts.

Introducing the “Baby Shark” Compact Pickup

One of the two vehicles under development has been confirmed to be a compact pickup truck, informally called the “Baby Shark.” Designed to rival the immensely popular Fiat Strada, the Baby Shark represents BYD in Brazil’s foray into a segment with immense potential in Brazil and other Latin American countries. The compact pickup truck market is characterized by strong demand, driven by urban consumers seeking versatile vehicles and businesses requiring affordable, durable transportation.

According to Stella Li, the Baby Shark is not just a Brazilian venture but a product with Latin America as its target region. “The [Shark] pickup was already designed with you in mind, as we do not sell pickups in China,” she explained, highlighting the unique nature of this model. The compact pickup is expected to leverage BYD’s advanced drivetrain technology, offering options for both plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). These features align with Brazil’s growing demand for environmentally friendly vehicles, which benefit from government incentives for cleaner technologies.

Speculation Around the Second Model

While BYD in Brazil has disclosed little about the second model, speculation is rife. Given the brand’s expansive portfolio in Brazil, which includes SUVs, sedans, and light commercial vehicles, the mystery vehicle could fill a gap in the market. Some analysts suggest it might be an intermediate pickup truck positioned between the Shark and the forthcoming Fiat Strada competitor, targeting rivals like the Fiat Toro, Renault Niagara, and Volkswagen Udara. Alternatively, it could be a compact SUV aimed at competing with models like the Fiat Pulse, Renault Kardian, or Volkswagen Tera.

This diversification into pickup trucks and compact SUVs would enable BYD in Brazil to address multiple high-growth segments in the Brazilian market. Regardless of the final form, these models will likely showcase BYD’s hallmark technological innovation, including advanced battery systems and eco-friendly drivetrains.

No Plans for Simplified Hybrid Systems

True to its innovative ethos, BYD has reiterated that its focus will remain on PHEV and BEV technologies. According to Stella Li, the company has no plans to simplify its offerings by introducing traditional hybrid systems like Toyota’s HEVs (used in models such as the Corolla and Corolla Cross) or mild hybrid systems (MHEVs) similar to those found in Fiat’s Pulse and Fastback T200 Hybrid. Instead, BYD in Brazil is doubling down on its expertise in electrification to solidify its position as a leader in the global shift toward sustainable transportation.

This commitment to advanced hybrid and fully electric systems underscores BYD’s intent to differentiate itself in a competitive market. The Brazilian government’s push for cleaner energy and reduced emissions further supports this strategy, making PHEVs and BEVs increasingly attractive to consumers.

The Growing Role of the Camaçari Plant

BYD’s factory in Camaçari, Bahia, is set to play a crucial role in the company’s Brazilian operations. With a capacity to produce 12 models, the plant signifies a significant investment in local production capabilities. This facility will manufacture vehicles for the domestic market and serve as a hub for exports to other Latin American countries. The decision to establish this plant reflects BYD Brazil’s confidence in Brazil’s largest automotive market in Latin America.

Launching locally designed and manufactured vehicles further strengthens BYD’s ties to the region, creating jobs and contributing to the local economy. It also aligns with the Brazilian government’s goals of attracting foreign investment and fostering industrial development.

What Lies Ahead for BYD in Brazil

Introducing two new vehicles explicitly tailored for Brazil represents a significant milestone for BYD in Brazil, marking its evolution from a foreign automaker to a deeply integrated player in the Latin American market. By investing in local production and developing models that cater to unique regional demands, BYD is positioning itself as a formidable competitor in Brazil’s automotive landscape.

As the countdown begins for the late 2025 and early 2026 launches, anticipation is building among consumers and industry experts alike. Whether the Baby Shark pickup truck or the mysterious second model, these vehicles are expected to embody BYD’s commitment to innovation, sustainability, and market adaptability. With its eyes set on the future, BYD in Brazil is poised to redefine the automotive market in Brazil and beyond.

Honduran Foreign Minister Enrique Reina announced a productive meeting with Fahad Al-Sulaiti, Director General of the Qatar Fund for Development, where discussions centered on securing financial resources for critical infrastructure and renewable energy projects. As part of Reina’s visit to Qatar, the meeting emphasized the administration’s focus on advancing Honduras’ position as a regional logistics hub and enhancing its energy sustainability. This aligns with Honduras’ broader strategy of seeking resources in Qatar to drive transformative development.

Reina revealed that Fahad Al-Sulaiti expressed keen interest in supporting Honduras’ development efforts, particularly in renewable energy, ports, airports, and the ambitious Interoceanic Railroad project. The railroad, spearheaded by Hector Zelaya, aims to connect the Pacific and Atlantic Oceans, positioning Honduras as a crucial link in Central America’s trade and transportation network. These discussions underscore the extent to which Honduras seeks resources in Qatar to achieve its infrastructure and economic ambitions.

Formal Invitation to Strengthen Ties

During the discussions, Reina formally invited Fahad Al-Sulaiti to visit Honduras. “We extended an invitation for him to witness firsthand the opportunities available in our country, which serves as the heart of Central America,” Reina shared on X, the platform formerly known as Twitter. This invitation underscores Honduras’ proactive approach to attracting investments from strategic global partners like Qatar, reflecting the emphasis on collaboration as Honduras seeks resources in Qatar for pivotal projects.

Reina highlighted that this outreach aligns with the broader objectives of the administration led by President Xiomara Castro. By fostering international partnerships, the government aims to advance large-scale infrastructure projects and stimulate economic growth across various sectors, including aviation, tourism, and renewable energy. Honduras seeks resources in Qatar as part of a comprehensive strategy to enhance its global connectivity and sustainable development goals.

Honduras at the Doha Forum

The Foreign Minister’s visit to Qatar included participation as a special guest at the Doha Forum, a premier platform for dialogue and collaboration among global leaders, policymakers, and development organizations. Reina utilized this opportunity to showcase Honduras’ strategic projects and promote the country as an ideal destination for investments from the Middle East. The forum served as another platform where Honduras seeks resources in Qatar to advance its transformative vision.

The Doha Forum provided a stage for Honduras to amplify its ambitions of transforming its infrastructure and energy sectors. Qatar is ranked as the fourth most prosperous country globally due to its extensive oil production, and its investment resources are a natural fit for supporting Honduras’ growth trajectory.

Enhancing Infrastructure

The infrastructure improvements discussed included plans to upgrade airports and ports, critical to facilitating trade and tourism. Honduras sees modernized airports as a key element in boosting its connectivity to international markets and improving its appeal to foreign tourists and investors alike. Particularly noteworthy is the Interoceanic Railroad project. Managed by Hector Zelaya, Secretary to President Castro, this initiative aims to position Honduras as a vital logistics hub by linking the Atlantic and Pacific Oceans. The railroad would significantly shorten the transit time for goods moving through the region, enhancing the country’s competitiveness in global trade.

This transformative project has already gained attention in Japan and the United States, reflecting its potential to attract international support and redefine Honduras’ role in Central American logistics. Reina confirmed that the Honduran government will provide detailed presentations on the railroad project to potential investors in future discussions, emphasizing how Honduras seeks resources in Qatar to turn these ambitious projects into reality.

Strengthening Bilateral Cooperation

Reina’s visit also included a meeting with Al Muraiki, Qatar’s Minister of State for Foreign Affairs, where the two discussed strategies to deepen bilateral ties. The discussions focused on advancing cooperation in strategic sectors such as civil aviation and tourism, areas where Qatar’s expertise and investments could play a pivotal role in Honduras’ development.

Additionally, Reina met with Jasem Mohamed Al Budaiwi, the Secretary General of the Gulf Cooperation Council (GCC), to explore collaborative opportunities. The GCC, established in 1981, comprises Saudi Arabia, Oman, Kuwait, Bahrain, Qatar, and the United Arab Emirates. Given its members’ economic clout and commitment to international development, the organization represents a significant potential partner for Honduras.

During the meeting with Al Budaiwi, Reina emphasized Honduras’ portfolio of hydroelectric projects and highlighted the Interoceanic Railroad’s transformative potential. Reina noted that Hector Zelaya would provide a detailed presentation of these initiatives to GCC representatives in a future engagement, signaling Honduras’ commitment to fostering long-term partnerships with Gulf nations. This forms part of the larger narrative where Honduras seeks resources in Qatar to bolster its development strategies.

Honduras’ Leadership in CELAC

Reina also underscored the broader context of Honduras’ international engagements. In March, President Xiomara Castro assumed the pro tempore presidency of the Community of Latin American and Caribbean States (CELAC) during its seventh summit in Saint Vincent and the Grenadines. This leadership role positions Honduras as a regional advocate for sustainable development and international collaboration, enhancing its appeal to potential investors.

Reina highlighted that the CELAC-GCC dialogue, which includes promoting mutual interests between Latin America and the Gulf region, was a key focus during his meeting with Al Budaiwi. Strengthening these interregional ties will unlock new trade, energy, and infrastructure cooperation opportunities.

Qatar as a Strategic Partner

Qatar’s prominence as a global economic powerhouse makes it an attractive partner for Honduras. Known for its vast oil reserves and advanced infrastructure, Qatar has established itself as a leader in sustainable development and international investment. Its interest in Honduras reflects a mutual recognition of the potential for impactful collaboration. These developments reiterate the importance of initiatives where Honduras seeks resources in Qatar to address its critical infrastructure needs.

The Honduran government sees partnerships with nations like Qatar as vital to overcoming structural challenges and unlocking economic growth. By securing investments in renewable energy and critical infrastructure, the administration aims to create jobs, enhance connectivity, and position Honduras as a competitive player in the global economy.

The Free Trade Agreement between Peru and Hong Kong is a significant milestone in Peru’s efforts to strengthen its global trade connections. During APEC week, Peru signed this landmark deal to boost exports in key sectors like agriculture and mining. According to the Ministry of Foreign Trade and Tourism (Mincetur), Hong Kong is Peru’s third most important destination for non-traditional exports, valued at $266 million in 2023. This trade included blueberries, zinc, copper, avocados, and other high-value products, showcasing the diversity of Peru’s export portfolio.

Key Sectors Benefiting from the Agreement

“The Hong Kong market highly values fresh and high-quality products, such as our fruits and seafood,” said Milagros Torres, Academic Deputy Director of the Business Faculty at Zegel. “In 2023, Peruvian exports to Hong Kong grew by 1.5% compared to the previous year. With this treaty, Peruvian exporters can compete more efficiently in the market.”

The Free Trade Agreement between Peru and Hong Kong is designed to enhance trade conditions through reduced tariffs, investment promotion, and facilitation of goods and services exchange. This framework is expected to improve access to the Hong Kong market, enabling Peruvian exporters in agro-industrial and mining sectors to thrive.

Modernizing Peru’s Economy Through Imports

In addition to boosting exports, the agreement allows Peru to access capital goods and advanced technological products from Hong Kong. Peruvian imports from Hong Kong during 2023 reached $26 million, with significant growth in industrial equipment and technological devices. These imports are poised to modernize Peru’s production infrastructure, enhancing its competitiveness in global markets.

Strengthening Peru’s Position in Asian Markets

This Free Trade Agreement between Peru and Hong Kong reflects Peru’s broader commitment to trade liberalization and strengthening economic ties with Asia, a region of sustained economic dynamism. Hong Kong, often seen as a gateway to China and other Asian markets, represents a strategic partner for Peru.

Peru’s broader trade strategy also involves optimizing existing agreements, such as its FTA with China, to include provisions for e-commerce, environmental protection, and global supply chain collaboration. This comprehensive approach ensures Peru remains competitive in international markets.

Benefits for Peruvian Exporters

The agreement is expected to significantly reduce trade barriers and offer competitive advantages to Peruvian exporters targeting Hong Kong, one of Asia’s most dynamic markets. Agriculture, mining, and fisheries are among the sectors expected to see substantial benefits. Products such as avocados, blueberries, and copper, which already enjoy strong demand, will likely experience increased market penetration and revenue growth.

Encouraging Foreign Direct Investment

Another vital element of the Free Trade Agreement between Peru and Hong Kong is its potential to attract foreign direct investment (FDI). Peru aims to create an attractive environment for investors by fostering improved trade relations and reducing barriers. This inflow of FDI could catalyze growth in technology, renewable energy, and infrastructure, bolstering the country’s long-term economic development.

Economic Diversification and Competitiveness

In a competitive global economy, trade agreements like the Free Trade Agreement between Peru and Hong Kong serve as crucial tools for emerging markets. By diversifying its trade partnerships, Peru reduces its reliance on traditional markets while opening new opportunities in innovation and technology.

Perspectives for the Future

The FTA positions Peru for greater economic resilience by fostering relationships with new trading partners and reducing dependency on existing ones. It is anticipated to serve as a model for future trade deals, emphasizing quality, sustainability, and innovation as core components of Peru’s export strategy.

By aligning with global economic trends, Peru demonstrates its commitment to integrating into the global economy while maximizing the benefits of its rich resources and high-quality products. The Free Trade Agreement between Peru and Hong Kong secures access to one of Asia’s most vibrant markets and underscores the importance of international collaboration in achieving economic growth.

Conclusion

The Free Trade Agreement between Peru and Hong Kong marks a pivotal step in expanding Peru’s global trade network. With reduced tariffs, improved trade conditions, and strengthened investment ties, this agreement creates a pathway for economic diversification and sustainable development. It signifies Peru’s proactive approach to securing its place as a competitive force in the global economy while fostering innovation and modernization within its industries.

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Changes to secondary legislation resulting from the strategy and their implication for the viability of new projects are still being determined.

At the beginning of November, Mexico unveiled its Mexican National Electricity Strategy, which, while highlighting the state-run Federal Electricity Commission (CFE), assigns the private sector a share of investment in generation, including clean energy, in a 54%-46% ratio.

The projection is to generate 22,574 megawatts between 2025 and 2030, which—according to the Mexican Institute for Competitiveness (Imco)—equals 94.3% of what was approved between 2019 and 2024 but is 39.9% less than what was authorized between 2012 and 2018, due to reduced investment in recent years.

The CFE plans to invest $23.4 billion in the current administration, including $12.3 billion in generation projects (13,024 new MW), $7.5 billion in transmission, and $3.6 billion in distribution.

Under the Mexican National Electricity Strategy, the private sector may participate through three mechanisms:

• Long-term contracts that may be auctioned.
• The strategy includes a new model of mixed producers who will partner with the CFE and hold at least 54% of the investment in power plants under schemes to be auctioned.
• Energy generation and market sales

Although the projected amounts may not meet the country’s needs in this area, Imco notes that if the three mechanisms for private investor participation in electricity infrastructure development are properly implemented, they could improve Mexico’s economic competitiveness in the coming years.

Adapting and Identifying Opportunities

For Lorenzo Hernández, partner and global head of energy at Ontier Law, the Mexican National Electricity Strategy presents a mixed outlook for private investment. It offers challenges and opportunities that call for strategic reflection.

“Policy changes in the energy sector, as we saw with the 2014 reform, require significant adjustments for the private sector, which must adapt to a new regulatory framework and identify opportunities amidst change,” he said, emphasizing that Mexico has tremendous potential for energy investment due to its exceptional natural resources.

Hernández highlighted the push for storage technologies and the move toward a more robust distributed generation system as positive elements that could help energize the sector.

“In our experience, energy developments must not only comply with current regulations but also incorporate a social and environmental approach that contributes to collective well-being. Strategic lines promoted by the new policy, such as projects linked to industrial parks supporting nearshoring, administrative streamlining via a one-stop shop, and the emphasis on clean technologies, suggest a favorable framework to catalyze sustained growth in the sector,” the Ontier partner stated.

Analysts view it as positive that the private sector is being incorporated into plans for Mexico’s electricity sector after the slowdown in investment during the previous administration. However, they need to be more concerned about how private company participation will materialize, particularly regarding the Mexican National Electricity Strategy regulations.

What Concerns Have Clients Expressed About the Mexican National Electricity Strategy?

Lorenzo Hernández: Clients are well-informed and aware of the regulatory impact on their investments. They have shown equal parts interest and concern. On the one hand, there is optimism about certain aspects of the strategy and its more private investment-friendly message, particularly regarding renewable projects. On the other, there are uncertainties about the specifics of secondary legislation and its impact on the viability of new projects.

While existing projects should not face retroactive changes, self-supply projects appear set to undergo adjustments that will require detailed analysis. Additionally, clients are concerned about dispatch rules and curtailments that could affect operating projects and the suspension of certain M&A transactions pending greater regulatory clarity.

For our firm, these concerns present opportunities to innovate in legal and business strategies for our clients. We are committed to working closely with them, anticipating risks, and developing solutions that maximize the success of their projects in this evolving landscape.

The firm estimates that the Electricity Industry Law and its regulations, the Energy Transition Law, the Electricity Market Rules, the Market Surveillance Manual, the Grid Code, and other general administrative provisions are among the legislation potentially subject to modification under the strategy.

“These regulatory changes will require rigorous analysis to understand their impact on current and future projects. These reforms must be implemented transparently and coherently to foster a stable environment that supports positive development for Mexico’s energy sector,” Hernández said.

Potential Conflicts on the Horizon?

Analysts have predicted potential conflicts with investors over electricity infrastructure projects, given the state’s control of the sector.

Hernández acknowledges that the proposal to strengthen state control in the electricity sector has raised legitimate concerns among investors, particularly regarding legal certainty and adherence to the principles of free competition.

He notes that any measure limiting or discouraging private sector participation could generate tensions. However, he believes the current context cannot be analyzed in isolation, and it will be necessary to wait to implement secondary legislation. Like any strategic reform, it could face significant legal challenges if it violates constitutionally protected principles or international treaties.

The firm’s proposed response to this scenario is to encourage constructive dialogue with regulators, offering ideas and solutions that support sector growth and promote a collaborative and sustainable development environment.

Strategy and Energy Transition

The Mexican government projects in the Mexican National Electricity Strategy that by 2030, 45% of the country’s energy will come from clean sources, up from the originally proposed 40%. The goal for this year is 30% renewable energy in the national grid. The challenge is significant, given that 75% of electricity consumption currently relies on fossil fuels (gas, oil, and coal), according to Low Carbon Power data from August 2023 to July 2024.

“Energy transition is an ambitious goal that requires a balance between state and private actors,” said the Ontier partner, while noting that although the CFE will play a predominant role, controlling 54% of generation, the remaining space for private participation is still substantial and represents a platform to drive innovation and growth in the energy sector.

However, Hernández cautioned that the energy transition’s success will depend on having a sufficiently clear and attractive regulatory framework for private investors, enabling them to participate in projects that complement state efforts.

“Private companies have demonstrated their capacity to lead innovative and sustainable developments, and this potential must not be overlooked,” he concluded.

The Mexican National Electricity Strategy, unveiled in November, presents a mixed outlook for private investment in the country’s energy sector. While the strategy outlines a 54%-46% investment split between the state-run CFE and the private sector, with mechanisms like long-term contracts and mixed producer models, there are uncertainties regarding regulatory changes that could impact the viability of new projects. Experts highlight challenges and opportunities, especially with the push for renewable energy and storage technologies. Despite concerns about potential conflicts and legal uncertainties, there is optimism that private sector participation can help drive growth and innovation, particularly in clean energy. However, the success of this strategy will depend on the clarity and stability of the regulatory framework, with careful attention to the evolving legislation.

Paraguay’s industrial sector celebrates the recently finalized agreement between Mercosur and the European Union (EU), heralding it as a transformative moment for the country’s economy. This landmark deal, which still requires ratification by its member states, is seen as a “historic opportunity” to modernize Paraguay’s industries and increase its competitiveness on the global stage. However, with this opportunity comes a significant challenge: adapting to meet stringent European standards while fostering growth and sustainability through technological modernization in Paraguay.

The Paraguayan Industrial Union (UIP) released a statement on Saturday emphasizing the agreement’s far-reaching benefits. The UIP pointed to the potential for “technological modernization in Paraguay,” job creation, and access to sustainable practices. These advancements are essential to compete in international markets and position Paraguay as a regional leader in industrial development.

A Path to Modernization

Industrial leaders underscored the “transformative potential” of this agreement, describing it as a chance to unlock new opportunities for Paraguayan businesses. They called for “strategic actions to maximize its benefits,” urging collaboration among government, private industry, and international partners to drive technological modernization in Paraguay.

The challenges, however, are to be considered. Paraguay must undertake a sweeping modernization effort to compete “on equal footing” with European products. Industrialists highlighted the need for investments in infrastructure, advanced technology, and workforce training to meet “strict international standards” governing product quality, environmental sustainability, and labor practices. This aligns with Paraguay’s broader goals of technological modernization, which aim to integrate cutting-edge solutions across industries.

This is about compliance and positioning Paraguayan products as desirable and trustworthy in a highly competitive European market. The UIP believes achieving this will require robust public-private partnerships to mobilize the necessary resources and expertise, further advancing technological modernization in Paraguay.

Strategic Focus on Logistics and Trade

Another critical area of focus is logistics. Efficient supply chains and transportation networks are considered foundational to the trade agreement’s success. The UIP emphasized the importance of “efficient logistics” in facilitating exports and attracting foreign investment. This includes modernizing ports, streamlining customs processes, and improving road and rail connectivity to ensure that Paraguayan goods can reach European markets quickly and reliably. These improvements will complement efforts in technological modernization in Paraguay, creating a seamless integration of technology into logistics systems.

In a statement, industrial leaders stressed that the agreement “will provide preferential access to the European market of over 400 million consumers, eliminating trade and tariff barriers.” This preferential access represents a monumental shift for Paraguay, allowing its industries to tap into one of the world’s largest and most affluent consumer markets. The success of this access will depend heavily on the efficiency brought about by technological modernization in Paraguay.

A Long Time Coming

The conclusion of negotiations between Mercosur and the EU marks the end of a 25-year journey. Talks between the two blocs began in the late 1990s, aiming to create a free trade agreement that would benefit both regions. While a preliminary agreement was reached in 2019, progress stalled due to concerns from European partners over environmental and labor standards in South America.

The breakthrough came at the recent Mercosur summit of Heads of State held in Montevideo, Uruguay. Leaders from Brazil, Argentina, Paraguay, and Uruguay met with the President of the European Commission, Ursula von der Leyen, to finalize the agreement. The summit was particularly significant for Paraguay as negotiators worked to address the country’s specific demands. The UIP commended their efforts, celebrating the “determination” that ensured Paraguay’s interests were effectively represented in the final text, especially concerning fostering technological modernization in Paraguay. 

Opportunities and Challenges Ahead

The agreement opens a vast market of over 700 million people across both regions, reducing tariffs and trade barriers that have long limited economic exchange. The deal could be a game-changer for Paraguay, transforming its economy and strengthening its global position. However, industrialists quickly pointed out that seizing this opportunity would be challenging. The need to meet strict environmental and quality standards will demand financial investments and a cultural shift toward innovation and sustainability. These efforts are closely tied to advancing technological modernization in Paraguay.

Additionally, the deal could drive job creation in Paraguay, particularly in industries that align with European demand, such as agriculture, manufacturing, and renewable energy. However, success in these areas will depend on the ability to upskill the workforce and provide ongoing training to meet evolving market needs, further accelerating technological modernization in Paraguay.

Looking to the Future

Paraguay’s industrial sector is optimistic about the future, viewing the Mercosur-EU agreement as a pivotal moment in the country’s economic history. While the road ahead is challenging, the potential rewards are substantial. The UIP sees this as an opportunity to modernize individual industries and the country’s industrial landscape, ensuring comprehensive technological modernization in Paraguay.

“This achievement reflects the determination of our negotiators and the collective will of our industry,” the UIP stated. “With strategic actions and investments, we can ensure that Paraguay fully benefits from this historic opportunity.”

As the agreement awaits ratification by the EU Parliament, the EU Council, and the legislatures of Mercosur countries, the focus will shift to implementation. Policymakers and business leaders must now work together to lay the groundwork for success, from upgrading infrastructure to fostering innovation. These steps will undoubtedly serve as a foundation for technological modernization in Paraguay.

The UIP concluded its statement by calling on all stakeholders to recognize the significance of this moment. “This agreement is more than a trade deal; it is a chance to redefine Paraguay’s role in the global economy. Together, we can build a more prosperous and sustainable future.”

As Paraguay prepares to embrace this new era of trade, its industrial sector stands ready to meet the challenge, driven by a vision of modernization, competitiveness, and growth centered on technological modernization in Paraguay.