The Minister of Industry and Commerce, Marcos Riquelme, acknowledged that the sharp fall of the dollar (about 25% in one year) is compressing margins and competitiveness of local industries, especially exporters who bill in dollars but have costs in guaranis. The US currency exchange rate opened the week at G. 6,120 in the effective exchange and G. 6,096 in the interbank market.
Competitividade
The trade treaty between the European Union and Mercosur promises preferential access and tariff reductions for Paraguayan exports, but imposes challenges of competitiveness and adaptation to sanitary and quality standards.