Page 36 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

Press Release

months of 2024, while Paraguay’s GDP expanded by 4.2 per cent in the same period. These robust
growth figures reflect both countries’ commitment to sustainable development and present new
opportunities for collaboration in key sectors.

The Minister of Economy also highlighted the UAE’s business-friendly environment, including
progressive laws such as the Family Business Law, Cooperatives Law, Commercial Agencies Law,
and the law on trade through modern technology, as well as full foreign ownership privileges and
access to over 2,000 economic activities. He emphasized the UAE’s strategic global position as a
hub connecting East and West, North and South, and reiterated the importance of empowering the
private sector in both countries to maximize mutual economic benefits.

-Ends –

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