Switzerland and Paraguay enjoy good but relatively modest relations.
Bilateral relations Switzerland–Paraguay
Key aspects of diplomatic relations
Switzerland and Paraguay have concluded bilateral agreements on trade, investment protection and technical cooperation.
In July 2012, all consular services for Paraguay were transferred to the regional consular centre in Buenos Aires (Argentina). Since February 2016, following the closing of the Swiss embassy in Asunción, Switzerland's diplomatic interests have been represented by the Swiss ambassador with residence in Montevideo.
Trade between Switzerland and Paraguay is modest but on the increase. In 2015, Swiss exports amounted to CHF 22,5 million, while the value of goods imported from Paraguay – primarily agricultural products, precious stones and metals and essential oils – totalled CHF 14,2 million. Swiss direct investments in Paraguay are also relatively low.
Cooperation in education, research and innovation
Scholars and artists from Paraguay can apply to the State Secretariat for Education, Research and Innovation (SERI) for a Swiss Government Excellence Scholarship.
Swiss nationals in Paraguay
As at the end of 2015, 1,409 Swiss nationals were resident in Paraguay.
Switzerland takes part regularly in the Semaine de la Francophonie and the International Film Festival in Asunción. A growing number of Swiss musicians and artists are performing and showing their works in Paraguay.
History of bilateral relations
Switzerland opened a consulate in Asunción in 1887. In 1892, it established diplomatic relations with Paraguay, but there has been an Embassy in Asunción only since 1968.
Since February 2016, following the closing of the embassy, Switzerland's diplomatic interests have been represented by the Swiss embassy in Montevideo. Switzerland plans to open an honorary consulate in Asunción in 2016.