Swiss relations with Paraguay are good but not particularly intensive. In 2017, Paraguay’s economy was among the most dynamic in Latin America.
Bilateral relations Switzerland–Paraguay
Key aspects of diplomatic relations
Switzerland and Paraguay have signed agreements on trade, the protection of investments and technical cooperation.
Consular matters have been handled by the regional consular centre in Buenos Aires since July 2012. Since February 2016, following the closing of the Swiss embassy in Asunción, Switzerland's diplomatic interests have been represented by the Swiss ambassador based in Montevideo.
Trade between Switzerland and Paraguay is relatively modest but on the increase. In 2018, Swiss exports amounted to CHF 21 million, while the value of goods imported from Paraguay – primarily agricultural products, precious stones and metals and essential oils – totalled CHF 25 million.
The negotiations for an EFTA free trade agreement with Mercosur are well advanced.
Cooperation in education, research and innovation
Researchers from Paraguay can apply for Swiss Government Excellence Scholarships to the State Secretariat for Education, Research and Innovation (SERI).
Switzerland takes part regularly in the Semaine de la Francophonie and the International Film Festival in Asunción. A growing number of Swiss musicians and artists are performing and exhibiting their works in Paraguay.
Swiss nationals in Paraguay
At the end of 2018, more than 1,400 Swiss were citizens living in Paraguay.
History of bilateral relations
Switzerland opened a consulate in Asunción in 1887 and the two countries established diplomatic relations in 1892. Switzerland opened an embassy in Asunción in 1968.
Since February 2016, following the closing of the embassy in Asunción, Switzerland's diplomatic interests have been represented by the Swiss embassy in Montevideo. An honorary consulate was opened in Asunción in 2016.