Since the opening of the commercial attaché office in the Middle East in February 2023, the entry of more Paraguayan products into the Emirati market has been confirmed, such as yerba mate, haute couture fashion, samu’u trees, cotton seeds, among others.
The commercial attaché of the Vice Ministry of Rediex of the MIC, Paola Subeldía, in the United Arab Emirates, commented on the work that is being carried out to open more Paraguayan products in the Emirati market, as well as attracting investors to the country.
In this regard, he noted that since the opening of the Rediex commercial attaché office in the United Arab Emirates in February 2023, Paraguay’s exports to that country have increased substantially, with grains and seeds standing out among the products.
New products such as samu’u trees, yerba mate and haute couture dresses are also being exported.
He highlighted the first exports of cotton seeds to Qatar, Saudi Arabia, and soon to the United Arab Emirates as a historic event. “Since the opening of the commercial office there, we have had a 170% increase in Paraguayan exports to the United Arab Emirates,” he said.
Regarding imports from this market, the commercial attaché explained that Paraguay mainly acquires oil and its derivatives from the Emirates.
Attracting investments in Paraguay
He also spoke about the recent visit of businessmen from the United Arab Emirates to Paraguay, specifically from the Streit group, which is interested in investing in the automotive sector, including the manufacture of tactical vehicles and armored boats.
He said the visit was positive, as the businessmen were impressed with the opportunities and benefits that Paraguay offers, according to the report from the Ministry of Industry and Commerce (MIC).
He also recommended that Paraguayan businessmen interested in doing business with companies from Gulf countries seek advice through Rediex and the Paraguayan Embassy, emphasising the importance of having specialised advice and carrying out due diligence on companies when establishing business relationships.
