Highlights

This July, Taiwan's pavilion made a remarkable debut at the Paraguay Expo, establishing the first-ever "Taiwan-Paraguay Smart Tech Zone." Emphasizing the integration of 5G technology and AI capabilities, the zone showcased innovations from 29 Taiwanese companies, drawing significant attention from local and international audiences. The initiative aims to foster talent and industry advancement in Paraguay.

Sentiment Analysis

• Overall, the sentiment is positive, reflecting the enthusiasm and potential impact of Taiwan's technological presence at the expo.
• There is a strong emphasis on collaboration and growth, particularly in advancing local industries.
• The presentation of diverse Taiwanese products indicates a promising future for bilateral trade relations.

Article Text

In a bid to deepen economic connectivity with Paraguay and the broader South American market, Taiwan made a notable impression at the Paraguay Expo held from July 12 to 27. The event marked the debut of the "Taiwan-Paraguay Smart Tech Zone," a dedicated area where 29 Taiwanese enterprises displayed cutting-edge technologies and varied products. Core highlights included the implementation of 5G applications, AI computing power, and smart manufacturing, all part of an effort to boost local workforce skills and industrial modernization.

Exhibitors at the Taiwan Pavilion introduced a broad array of products, spanning from precision hardware and specialty food and beverages to advanced communication technologies. A standout exhibitor, Ju-Ding Apparel, featured innovative graphene-functional fabrics that enhance skin circulation, capturing the curiosity of Paraguayan attendees. Their other showcased products, such as anti-cut clothing and gloves, intrigued local firearm importers and manufacturers, leading to fruitful engagements within the first two days of the expo.

Prolonged participation from companies like Kwanta Biotech, which has established partnerships with leading local food importers, reflects the success of this international exchange. Their products now grace major Paraguayan supermarkets, with aspirations to expand further into Brazilian and Chilean markets. Additionally, well-known Taiwanese brands like King Car Coffee and Marukyo Soy Sauce delighted local consumers and buyers through tasting events.

Significantly, the "Taiwan-Paraguay Smart Tech Zone" is central to the Taiwan Pavilion's theme this year. As a crucial aspect of Taiwan's support for Paraguay's "Rongbang Project," this initiative highlights the objective of integrating advanced technologies, including 5G, AI, and smart manufacturing, into local industries. The zone has already attracted companies from the plastic and textile sectors, and plans to establish an electric bus assembly plant are underway. This effort strongly exemplifies the long-term ambition for mutual prosperity between Taiwan and Paraguay.

Economic cooperation between Taiwan and Paraguay has been intensifying in recent years, with notable successes in agricultural trade. Taiwan has become Paraguay's largest pork importer, accounting for nearly 90% of its exports, paving the way for further achievement milestones in bilateral trade.

Key Insights Table