Committee
World Trade Organization
Country
Paraguay

Author

Cite as https://mymun.com/ppdb/6509

The 10th World Economic Forum on Latin America in 2015 defined our region as „a vibrant and economically dynamic incubator of innovative business rich in natural resources and human capital”. Paraguay takes a lot of pride in being a part of such a diverse and prospective region of the world and believes that we will overcome all obstacles connected with shrinking commodity prices thanks to co-operation and synergy.

For Paraguay, as well as its neighbours, the last decades were the golden age when we jumped at the opportunity of economical, political, social and cultural development. Nowadays, our region is facing a serious problem of shrinking commodity prices. In July of 2011 they began to fall and experts’ analysis did not show any tendency of change. Commodity prices are the most relevant factors to Paraguay’s economy. The main cause of the problem, apar...

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