Politics of Paraguay freely elected. The workplace of the President of Paraguay is the Palacio de los López, in Asuncion. The Presidential Residence is Mburuvichá Roga, also in Asuncion. Once presidents leave office, they are granted by the Constitution the speaking-but-non-voting position of Senator for life. In Paraguay, the post of First Lady is official, and thus the Office of the First Lady the Nation of the Republic of Paraguay was created. According to Paraguayan law, this office depends structurally and financially upon the Presidency of the Republic. The office exercises mainly social functions, but also those related to health, through the REPADEH
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