On the occasion of Paraguay’s Independence Day, leaders from the United Arab Emirates (UAE) sent messages of congratulations to their South American counterparts.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan conveyed his well wishes to Paraguayan President Santiago Peña. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, also sent greetings to President Peña.
The exchange of greetings underscores the growing diplomatic ties between the UAE and Paraguay. Both nations are actively engaged in fostering economic cooperation and cultural understanding. The UAE has emerged as a major trade and investment partner for Paraguay in recent years, with a focus on areas like renewable energy, infrastructure development, and food security.
In 2023, the UAE and Paraguay signed a Memorandum of Understanding (MoU) to boost trade relations and collaboration in various sectors. The MoU established a framework for facilitating business-to-business interactions and knowledge exchange. There is potential for further collaboration in areas like logistics, tourism, and information technology.
The UAE has also been a significant provider of humanitarian aid to Paraguay. Following the devastating floods in Paraguay in early 2024, the UAE dispatched emergency relief supplies to assist those affected by the natural disaster. This humanitarian gesture highlighted the UAE’s commitment to supporting international efforts in times of crisis.
The exchange of greetings on Paraguay’s Independence Day is a positive step towards strengthening relations between the two countries. The UAE and Paraguay share a common interest in promoting peace, stability, and sustainable development on the global stage. As their cooperation expands, both nations stand to benefit from increased trade, investment, and cultural exchange.
