Paraguay, UAE advance economic cooperation plan in mining, renewable energy, food security and banking

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As part of the set agenda, Minister of Industry and Commerce (MIC) Luis Alberto Castiglioni and United Arab Emirates (UAE) Minister of State for Foreign Trade Dr. Thani Arzeyoudi Al Zeyoudi held a bilateral meeting in Abu Dabi, who participated in the 2023 Annual Investment Conference organized by the government of the country.

The meeting followed up the memorandum of understanding on economic and technological cooperation signed by the Ministry of Industry and Commerce of Paraguay and the Ministry of Economy of the United Arab Emirates in February this year. The two authorities discussed the progress of the start of the negotiation process between MERCOSUR and the United Arab Emirates on the Broad Economic Association Agreement (CEPA, its acronym in English).

Likewise, areas of possible specific cooperation between the private sectors of the two countries in sectors such as carbon credits, renewable energy, mining, banking and food security were addressed.

Minister Al Zeyoudi provided key contacts of relevant private sector counterparts in the UAE for meetings in the coming days.

Mr. You represented the private sector at the meeting. Maximilian Altieri, Director, Continental Bank SAECA; Kiantar Betancourt, President, Atenil SA and Diego Puente, President, Victoria Paraguay SA

On the part of the Paraguayan government, the attendees were as follows: Jose Agüero Avila, Ambassador of Paraguay to the United Arab Emirates; Alexander Paniagua Rolandi, Export Support Director of REDIEX; Federico Sosa, Director of Investment Promotion; Paola Subeldia Blasco, Commercial Attaché, Paraguayan Embassy in Abu Dhabi; Sindy Suárez, Second Secretary, Division.