Paraguay reopens embassy in Israel

After a 12-year closure, Paraguay reopened its embassy in Israel.

Israel closed its embassy in Paraguay in 2002 as part of budget-cutting measures, and Paraguay responded in kind.

In the ceremony May 19 at the new embassy in the Tel Aviv suburb of Herzliya Pituach, Israeli Deputy Foreign Minister Zeev Elkin noted that Israel wants “to participate in infrastructure projects, and energy and agricultural modernization in Paraguay.”

The Israeli government is looking to increase its ties to Latin America. On May 18, the government approved a three-year, $14.4 million plan to strengthen its economic ties with the Pacific Alliance, a coalition of five Latin American countries — Colombia, Chile, Mexico, Peru and Costa Rica.

In addition, a Latin American bureau will be established at the Israeli Ministry of Economy’s Foreign Trade Administration, as well as at the Foreign Ministry’s economic branch.

Israel also has a free-trade agreement with the South American Mercosur bloc, which includes Paraguay. — jta