Santa María, Paraguay Santa María, Paraguay Santa María de Fe is a town and district located in the Misiones Department in Paraguay, located about 15 km from the city of San Ignacio. The district of Santa María de Fe is located in the Eastern Region of Paraguay. It's located 253 km south of Asuncion, the capital of the country, one arrives at Santa Maria, taking the National Route Number 1, and then taking a detour between the cities of San Ignacio and Santa Rosa. The district of Santa María is bordered by the following districts: According to the 2002 Census, Santa María has
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