PARAGUAY is partnering with the country in mutually beneficial investments, Philippine Chamber of Commerce and Industry (PCCI) President Ferdinand Ferrer told reporters on Monday at the Luzon Economic Corridor: Partners in Prosperity event.
On May 10, Paraguayan President Santiago Peña Palacios arrived in Manila for a two-day state visit on the invitation of President Ferdinand Marcos Jr.
The following day, the PCCI signed an agreement with Paraguay’s investment and export agency, REDIEX, for prospective business matching.
Paraguayan companies interested to invest in the country are engaged in agriculture, electronics/renewable energy and information technology-business process management, Ferrer said.
Meanwhile, the Philippines is keen on Paraguayan agricultural products.
“We want to invest in soy and corn,” Ferrer said, noting that Paraguay is the world’s third top producer of the two commodities.
“We want to set up companies, not to remove work here, but to [add] more businesses,” Ferrer said.
A small community of 63 Filipinos live in Paraguay, mostly in the capital city of Asuncion, composed of teachers, professionals and permanent residents married to locals.
In 2025, total trade with Paraguay amounted to $2.2 million, with exports at $1.9 million and imports at $322,400.
The Philippines’ top exports included personal deodorants and antiperspirants; input or output units, whether or not containing storage units in the same housing; parts and accessories, for machines, and other office machines; transmission apparatus, incorporating reception apparatus: and new pneumatic tires, rubber for motor cars, including station wagons and race cars.
On the other hand, the country imported oil seeds and oleaginous fruits, and lighting arresters, voltage limiters and surge suppressors from Paraguay.
