Mineral industry of Paraguay a cement mill in the city of Mariano roque alonso in Paraguay. The mill would have an annual production capacity of 200,000 t, which would be sold domestically and internationally. The plant is expected to meet about 25% of the future cement needs of Paraguay. Paraguay has no proven natural gas reserves and no domestic production and does not consume natural gas. In June 2006, however, the governments of Bolivia and Paraguay approved a plan to construct a pipeline from southern Bolivia to Asuncion, Paraguay. The pipeline would have an initial capacity of 700 million cubic feet per day and
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