(The Gist of PIB) Vice President concludes his visit to Paraguay and Costa Rica [MARCH-2019]

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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Courtesy: PIB