Paraguay strengthens relations with Canada for forestry, energy, and educational development

Asunción, Agencia IP.- During his mission to North America, Rodrigo Maluff, the Vice Minister of the Investment and Export Network (Rediex), held strategic meetings with Canadian parliamentarians and businesspersons to attract possible investment projects.

During the work meetings, they discussed the options and benefits that Paraguay promotes as an ally for investments. Three main axes of interest stand out regarding the forestry sector, gas, and the generation of electric energy.

Maluff also met with Congressman Randy Hoback, who, he detailed, expressed his openness to collaborating between the province of Saskatchewan and the country.

He also met with Congressman Ed Fast in the office of the provincial representative in British Columbia, one of the largest producers of forestry exports, hydroelectric generation, and natural gas processing.

He explained that they talked about issues of common interest they would like to continue exploring and that the deputy promised to invite the country to the most important fairs on the three topics mentioned. In addition, he suggested moving forward with the signing of a bilateral investment protection agreement.

Attracting investments

The Vice Minister of Rediex held a virtual meeting with members of the Quebec Deposit and Investment Fund, an institution that currently invests in our country’s sovereign bonds. He stated that this proximity facilitates negotiating possible investments in different areas.

He pointed out that they are interested in participating in the Forest Investment Fund that the Development Finance Agency and the World Bank are developing. They also discussed infrastructure projects, especially the gas pipeline.

Another meeting the Paraguayan delegation held was with the non-profit organization Trade Facilitation Office (TFO). TFO Canada provides assistance to small and medium-sized businesses and trade support institutions in developing countries. Its mission is to create sustainable trade associations between exporters from developing countries and Canadian and foreign buyers.

Maluff noted that he spoke with Steve Tipman, executive director of the Trade Facilitation Office with Canada (TFO). Among the topics discussed, they found it very interesting to develop the positioning of Paraguayan meat in Canada and the United States within the framework of the meetings that the Vice Minister of Rediex is holding to open markets and attract investments to our country.