Borja, Paraguay Borja, Paraguay Borja is a town in the Guairá Department of Paraguay. According to the 2002 Census this district has a total population of 9222 inhabitants. Only 3.2% of the total population lives in the urban area, 298 inhabitants. It is located in the south-western part of the Guairá department. Its urban area is located only 2 km away from the San Salvador urban area. From Asunción you have to follow the National Route 2 until the city of Coronel Oviedo. There taking the detour of the Route 8 you get to the city of Villarrica, capital of the department,
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