The United States and Paraguay Trade and Investment Framework Agreement (TIFA) entered into force in 2021. The TIFA establishes the Council on Trade and Investment as the primary mechanism for bilateral trade and investment issues.
The Council last met in 2024, and issued a Joint Statement.
Other statements related to bilateral work:
- 2023 Joint Statement – Second Meeting of the Council on Trade and Investment
- 2022 Joint Statement – First Meeting of the Council on Trade and Investment
Paraguay Trade Summary
U.S. total goods trade with Paraguay were an estimated $3.5 billion in 2024. U.S. goods exports to Paraguay in 2024 were $3.2 billion, up 14.2 percent ($393.0 million) from 2023. U.S. goods imports from Paraguay in 2024 totaled $356.2 million, up 37.9 percent ($97.9 million) from 2023. The U.S. goods trade surplus with Paraguay was $2.8 billion in 2024, an 11.8 percent increase ($295.0 million) over 2023.
