Concepción, Paraguay the city with Pedro Juan Caballero and Asunción. Concepción has a tropical savanna climate (Köppen: "Aw") with abundant annual precipitation, although possessing a highly prominent summer peak. Summers are very hot, rainy and often oppressively humid. Severe thunderstorms are very common in the summer, and have the capability to dump copious amounts of rainfall in a short period of time, along with destructively high winds and occasional hail. Winter is much drier and considerably cooler, with near drought-like conditions often prevailing. Concepción, Paraguay Concepción () is a city & district in northern Paraguay and capital of the Concepción Department. It
Economy of Paraguay Most of Paraguay's trade takes place with Uruguay, Brazil and Argentina. In 2002 Paraguay conducted more than US$400 million in trade with Argentina and nearly US$800 million with Brazil. Paraguay is also a member of the Inter-American Development Bank, Latin American Integration Association, and Latin American Economic System and a signatory to the agreement creating the South American Community of Nations. In 2004 Paraguay signed an energy cooperation agreement with Venezuela to purchase oil and petroleum. Venezuela agreed to concessional financing that allowed Paraguay to pay over a 15-year period at a nominal interest rate. Imports totaled US$3.3 billion in