India and Paraguay have reaffirmed their commitment to combating terrorism through coordinated efforts at the bilateral, regional, multilateral, and global levels. During the first meeting of the Joint Commission Mechanism held in Asunción, both sides agreed that terrorism in all its forms and manifestations poses a serious threat to international peace and security. 

 

 

The two sides also expressed their willingness to strengthen cooperation and bilateral coordination mechanisms in the areas of security and cybersecurity, for mutual benefit. The meeting was chaired by Paraguay’s Vice Minister of Foreign Affairs, Ambassador Víctor Verdún, and the Ministry of External Affairs Secretary (East), Periasamy Kumaran, yesterday.

 

 

 

The two countries conducted a comprehensive review of the current state of bilateral relations. Both sides agreed on the importance of strengthening cooperation in mutually beneficial areas, promoting trade, encouraging investment, and consolidating the multifaceted partnership in sectors of mutual interest, as well as advancing the negotiation of bilateral instruments.

 

 

 

The delegations agreed on the importance of deepening high-level political dialogue, promoting the exchange of official visits and regular consultations, following up on priority areas, evaluating new initiatives, and facilitating the implementation of existing instruments. They also highlighted the potential for growth in bilateral trade and investment in key areas, including renewable energy, agribusiness, pharmaceuticals, ICT, biofuels, and light manufacturing.

 

 

 

The Paraguayan side expressed its willingness to encourage Indian investment in Paraguay. The two sides also discussed practical measures to streamline consular and administrative procedures to facilitate the presence of Indian businesses in the country.