Vice President concludes his visit to Paraguay and Costa Rica

• Vice President of India visited two countries Costa Rica and Paraguay.

• Paraguay and Costa Rica are important partners of India in Latin American and Caribbean region respectively.

India-Paraguay

Political

• Diplomatic relations between India and Paraguay were established in 1961.

• During the visit, it was decided to strengthen the relations even more.

• Paraguay has also condemned the terror attack on Indian security forces in Pulwama.

Economic

• Bilateral trade between India and Paraguay has been growing.

• It was $40 million ten years ago and today it stands close to $375 million.

• During the visit, it was decided that efforts will be made to diversify and expand the trade basket.

• Discussion on India’s engagement in MERCOSUR also took place during the visit.

Cooperation & People-2-People Contact

• New areas for collaboration were identified between the two countries like renewable energy, health, ICT, space, biotechnology, railways, and tourism-related infrastructure.

• To build people to people contacts there was a discussion on how to make travel easier between two countries.

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Mains Paper 2: International Relations

Prelims level: India-Paraguay

Mains level: Read the story

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