Paraguay

government

Last mentioned: Mar 18, 2026

Timeline

  1. Paraguay Final Ratification

    The Chamber of Deputies provides unanimous approval, completing the Mercosur side.

  2. Paraguay Senate Approval

    The Paraguayan Senate gives its green light to the trade deal.

  3. Uruguay Ratification

    Uruguay becomes the first Mercosur member to ratify the agreement.

  4. Negotiations Begin

    Formal discussions between Mercosur and the EU commence.

Stories mentioning Paraguay 1

regulation Bullish

Paraguay Ratification Completes Mercosur Approval of Landmark EU Trade Deal

Paraguay has become the final founding member of Mercosur to ratify the long-awaited free trade agreement with the European Union, concluding a 25-year negotiation cycle on the South American side. The deal establishes one of the world's largest free trade zones, encompassing 700 million people and 25% of global GDP.

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