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Paraguay is a landlocked country in South America with a growing economy, known for exporting soybeans, beef, and hydroelectric power.It is one of the world's top soy producers, and the Itaipu Dam, built in 1973 with Brazil, is among the largest hydroelectric plants.Brazil is a key trade and energy partner, importing beef and soybeans, while Argentina hosts many Paraguayan workers and students.

Paraguay is a landlocked country in South America with a growing economy, known for exporting soybeans, beef, and hydroelectric power. It is one of the world's top soy producers, and the Itaipu Dam, built in 1973 with Brazil, is among the largest hydroelectric plants. Paraguay also shares the Yacyretá Dam with Argentina, completed in 1994. Brazil is a key trade and energy partner, importing beef and soybeans, while Argentina hosts many Paraguayan workers and students. The U.S. supports Paraguay in fighting drug trafficking and imports its agricultural products. Although Paraguay does not recognize China due to strong ties with Taiwan, it trades indirectly through other nations. Taiwan provides economic aid and supports Paraguay’s education and health projects. In 2023, Paraguay reaffirmed its diplomatic ties with Taiwan, refusing to switch to China.