Agriculture
in Paraguay is a very important sector of the economy, it
represents a third of the GDP (Gross domestic product) and
the majority of the incomes of exports at the national level.
Towards the end of the Eighties, the production of harvests
of cotton and soya developed quickly. The best prospects for
the future fall down mainly on the production of these matters
and other agricultural produce as the cane with sugar, the
yucca, the corn and the corn. Paraguay also has great wood
reserves contributing to the expansion of the industry of
wood in the country. The principal products intended for export
are the wood and the soya oil. Other important industries
are the textile, the chemistry and the manufacture of metal
products and machineries. The hydroelectric projects with
Brazil, which includes the construction of hydroelectric most
dam of the world with Itaipu, allowed Paraguay an energy self-sufficiency.
Although Paraguay is one of the Latin-American nations poorest,
its economy is currently one of best and its growth is one
of fastest continent and with the difference of its neighbors,
the economy is not mortgaged because of the debt. Since 1993,
the country moved towards a process of liberalization, reduction
in the public expenditure and privatization of the public
companies. The country was affected in this process by certain
crises due to external factors and interns, most important
was the Brazilian monetary crisis. Paraguay is member of the
Latin-American Association of Integration (ALADI), in more
of being the founder member of the MERCOSUR. Its principal
trade partners are Brazil, Argentina, Spain and the United
States.
