PRESS RELEASE

Presidents of Paraguay and Bolivia agree to buy gas and make binational cabinet

By
Sunday, March 3, 2019

After the bilateral meeting held on the date in Bolivia, President Mario Abdo Benítez and his counterpart Evo Morales, agreed to carry out cooperation in energy matters, which will allow the Liquid Separation Plant Carlos Villegas of Bolivia a monthly provision of 4,500 MT of Liquefied Petroleum Gas (LPG) to the companies that make up the Paraguayan Chamber of LPG Fractionation Companies (CAPAGAS). They also agreed on the importance of the construction of the "Héroes del Chaco" gas pipeline between Villamontes and Asunción, as well as setting the First Meeting of the Binational Ministerial Cabinet for June 12, in order to strengthen the political dialogue at the highest level and Follow up on the topics of the Bilateral Agenda.

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On the occasion of the official visit carried out by President Mario Abdo Benítez to the Plurinational State of Bolivia, both leaders signed a joint declaration in which they affirmed that the meeting was conducive to a broad exchange of opinions in the spirit of strengthening and deepening the ties of friendship, integration and complementarity between the two countries.

They agreed to hold the First Meeting of the Binational Ministerial Cabinet, chaired by both Presidents, on June 12, 2019, in order to strengthen the political dialogue at the highest level, in order to establish an Action Plan for the follow-up of the topics assigned. in the Bilateral Agenda.

FILLING OF LIQUEFIED PETROLEUM GAS

Within the framework of the progress made in energy matters, the joint work between Petróleos Paraguayos (PETROPAR) and the Bolivian Fiscal Oilfields (YPFB) stood out, with particular mention to the Contracts for the purchase of Liquefied Petroleum Gas (LPG) signed between the YPFB and the companies that make up the Paraguayan Chamber of Fractionation Companies of the LPG (CAPAGAS), which will allow the Carlos Villegas Liquid Separation Plant to ensure a monthly provision of 4,500 MT under favorable commercial conditions, benefiting both peoples.

They also agreed on the importance of the construction of the "Héroes del Chaco" gas pipeline between Villamontes and Asunción.

In the document, the Heads of State also underlined the recent signing of the Memorandum of Understanding for Inter-institutional Cooperation for the Exchange on Hydrocarbons, signed in the city of La Paz in November 2018.

Boost trade

The leaders coincided in promoting the signing of an Instrument for the creation of the Binational Commission of Trade, Investment and Economic Relations between both countries, a mechanism that will allow to attend in an agile and efficient way the consultations between entities linked to the operations of trade, promote initiatives of productive integration, monitor bilateral trade and exchange information and experiences that result in an increase in commercial flow, particularly of non-traditional export products and investments.

Likewise, they decided to promote and promote joint actions to facilitate trade and improve the conditions of navigation within the framework of the bodies of the River Transportation Agreement for the Paraguay - Paraná Waterway. In this context, they agreed to organize, in the shortest time, a meeting to explore the existing business opportunities in the field of navigation and fluvial transport operations.

The joint declaration also highlighted the ratification of the Protocol of Accession of Bolivia as a full member of the Common Market of the South (MERCOSUR), by Paraguay, auguring the early completion of the process.

CONNECTIVITY

On the other hand, Presidents Abdo Benítez and Evo Morales highlighted the importance of improving the connectivity and logistics conditions between both countries, through infrastructure works that allow a greater commercial flow and transit of people, both bilaterally and regionally.

COMBATING TRANSNATIONAL ILLICIT

The document signed by the leaders states that given the importance of cooperation between Paraguay and Bolivia in combating transnational wrongdoing, the Presidents reaffirmed their commitment to implement a bilateral agenda for the exchange of privileged information and coordinated and synchronized interdiction operations. between the competent authorities of both countries, and in turn, strengthen the CERIAN Regional Counter-Narcotics Intelligence Center, whose headquarters have been established in Santa Cruz-Bolivia.

RIO PILCOMAYO

The Heads of State agreed on the essential role of the work carried out by the Trinational Commission of the Pilcomayo River, especially those oriented to update the Master Plan of its integrated management, in order to promote the sustainable development of its area of influence, optimize its use and promote effective means for the protection of the environment.

Finally, President Mario Abdo Benítez thanked the Bolivian people and Government for the cordial reception during his official visit to the Plurinational State of Bolivia, this Saturday, March 2.

This Paraguay government release was published using an automatic translation system.