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Online 20 May, 2021

Latin America talks: Paraguay – Time to take first steps

Online at 16:00-17:45 EEST

This event is free of charge but requires a registration at the latest on the 18th May 2021 through the link below. The participation link will be sent on the 19th May 2021 to the registered participants.



Further information

Ms. Heidi Virta
Head of Latin America, Business Finland
Mobile + 52 5554 1382 825
heidi.virta (at)

Objective Latin America talks is a series of discussion events aimed at shedding light on current happenings, hot topics, and rising opportunities “behind the scenes” in different countries of Latin America. The second edition of the series presents Paraguay.

Paraguay is relatively unknown for its business potential in Finland. Paraguay is attracting investments with low taxation, investment friendly legislation, access to the Mercosur market area with 260 million people and electricity from 100% renewable hydropower at low cost. Advantages such as fertile agricultural and forestry land and young population are expected to increase Paraguay’s attractiveness as a business destination. International car part manufacturers have already established their production in Paraguay.

Bio and circular economy, remarkable advances in forest industry development, export-oriented agriculture, investment in ports and logistics; connectivity and digitalization as well as health care and education are sectors where new opportunities are emerging.

This event is co-organized by Business Finland, Finnish-Latin American Business Council, and the Embassy of Finland in Buenos Aires. The language of this event is English. Ms. Heidi Virta, Director of Business Finland in Latin American Region, is moderating the event.

Preliminary program 

Paracel project

Preparations to build the first pulp mill in Paraguay are well on the way. This will be a start for the whole forest industry sector. Now Paraguay has no large scale industry, only some plantations, but great climate and lot of adequate land to plant fast growing eucalyptus. A new forest company Paracel, owned by Paraguayan and Swedish investment funds, has an experienced team to build this green field project. The pulp mill is planned to produce 1,5 million tons of eucolyptus pulp. The project will also include logistic investments. The project has already environmental permits and engineering planning is on the way.