Explanatory Notes.

Explanatory Notes
The chosen factors will be the Gross Domestic Product growth of the two nations –
one from Latin America and the other from Arab region. It has been found in the recent
studies that Paraguay is one of the fastest growing nation in the world, and probably the
fastest in the region of Latin America, whereas Abu Dhabi or the United Arab Emirates is a
developed nation who further wants to improve by having tie-ups with the nations like
Paraguay. They also possess sound public finances, along with a high average annual real
GDP growth rate of 4.5%. On the other hand, the economic activities picked up in Abu Dhabi
in 2018, meeting a growth of 2.9%, and it has been found that there is increase in the
investment along with credibility in private sector. So, improvement in bi-lateral trade
relations among the two fastest growing countries in the world along with involvement of the
tradition and culture of both the nations are involved in this presentation. The major focus
will be on the political tie-ups. One of the major instances from the recent political scenario
between these two nations is that people from UAE are accessible to get visa on arrival on
visit to the Republic of Paraguay, which is the 143rd nation to receive offer of visa-on-arrival
for the nation of UAE. The maximum number of staying is for 30 days in the region of
Paraguay, which will help the business people to visit there for a sufficient amount of time
and strengthen the business relation between the two nations. It will be very beneficial for the
business related people. For example, World Expo 2020, which will be held in Abu Dhabi,
will provide a major boost in strengthening the relation and bonding between the two nations.
Abu Dhabi are in talks to possess free trade agreement with Paraguay, and business people
are eagerly waiting for positive results. President of Paraguay is interested in opening the
first ever commercial representative office in the UAE, and it will focus in strengthening the
flow of trade and investment between the two nations. The major focus will be on non-oil