President of Paraguay Hopes to Boost Ties With US Under Trump

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The South American nation has a long history of friendship with the United States, which Peรฑa hopes to strengthen.

WASHINGTONโ€”Paraguayan President Santiago Peรฑa says he is optimistic about working with President Donald Trumpโ€™s administration to boost his nationโ€™s alliance with the United States.

โ€œWe have more than 150 years [of] relations between Paraguay and the United States, but I think the next four years will definitely be the highlight,โ€ he said in a Jan. 21 interview with EpochTVโ€™s American Thought Leaders.

โ€œI think there are great times ahead of us.โ€

Peรฑa noted that, despite continued healthy relations, no Paraguayan president had been received by the White House under Presidents Barack Obama and Joe Biden.

He said that cordial relationship had resulted in Paraguay being somewhat overlooked by the United States.

โ€œOne of our main problems is that we are not a problem,โ€ he joked.

Peรฑa also emphasized the decades of economic friendship between the two countries, noting that Paraguay is one of the few countries in the world that has a trade deficit with the United States.

The countryโ€™s economy is growing. Its poverty rate has dropped from 51 percent to 19.9 percent over the past 22 years. It exports leather, sugar, and seed oils to the United States and imports technology and minerals.

Trade between the United States and Paraguay reached $2.8 billion in 2023.

Paraguay is one of the few landlocked nations in South America. However, it is crisscrossed by rivers, and Pena said it has built out the third-largest fleet of river barges in the world, surpassed only by China and the United States.

In 2024 Paraguay was lifted to โ€œinvestment gradeโ€ status by Moodyโ€™s, meaning its bonds are considered a low-risk investment.

While he is hopeful for the prospect of growing U.S.โ€“Paraguay relations, Peรฑa said he disagreed with Trumpโ€™s decision to withdraw from global, multilateral projects such as the World Health Organization (WHO).

On his first day in office, Trump signed an executive order directing relevant agencies to begin withdrawing the United States from that organization.

โ€œI would strongly encourage the Trump administration not to give their back to the multilateral system, but to reshape the multilateral system,โ€ he said

Byย Stacy Robinsonย andย Jan Jekielek

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