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India, Paraguay Agree to Promote Bilateral Investment: India and Paraguay have agreed to identify sectors of mutual interest to promote bilateral investment and decided to explore new areas of collaboration in various sectors.

  • The two sides agreed to explore new areas of collaboration including in hydel and solar, health including traditional medicine, Information and Communication Technology, farming and agriculture machinery, space and biotechnology, railways and tourism related infrastructure.
  • The two sides exchanged views on the Preferential Trade Agreement between MERCOSUR and India, which in force since 1 June 2009.

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