Paraguay and Germany see opportunities for economic integration and support for energy transition - .::Agencia IP::.

Asunción, Agencia IP.- President Santiago Peña welcomed his German counterpart, Frank-Walter Steinmeier, and his delegation for a visit that opens up opportunities for greater economic integration, support for the energy transition, and investment possibilities in Paraguay. The delegation of German authorities and parliamentarians presents an opportunity to showcase Paraguay’s progress over the last 25 years, […]

Asunción, Agencia IP.- President Santiago Peña welcomed his German counterpart, Frank-Walter Steinmeier, and his delegation for a visit that opens up opportunities for greater economic integration, support for the energy transition, and investment possibilities in Paraguay.

The delegation of German authorities and parliamentarians presents an opportunity to showcase Paraguay’s progress over the last 25 years, President Peña stated. «For us, it is a great desire that Germany can rediscover Paraguay,» he said during the joint statement last at the Government Palace.

«I believe this visit and the connections that may emerge will allow a key player in the European Union to gain more information to argue in favor of this great transformation process (in Paraguay),» he added, referring to the future of the energy transition, food production, and the ratification of the trade agreement between Mercosur and the European Union.

The German President announced signing cooperation projects in the energy sector, highlighting Paraguay’s leadership as a producer and exporter of renewable energy in the region. He also mentioned biodiversity conservation projects in the Paraguayan Chaco, supported by Germany’s state-owned bank, KfW.