Diplomatic relations between those two neighbors were established in 1811 with the signing of an agreement on Friendship, Assistance and Trade.

[3] Paraguay has an embassy in Buenos Aires and seven consulates (in Clorinda, Corrientes, Formosa, Posadas, Resistencia, Rosario and Puerto Iguazú).

Both countries are full members of Mercosur, Union of South American Nations, Organization of American States, Organization of Ibero-American States, Rio Group, Group of 77, Latin American Economic System and Latin American Integration Association.

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