Paraguay is a Contracting State to the ICSID Convention:
Paraguay is a Contracting State to the New York Convention:
In 2002, Paraguay enacted legislation based on the UNCITRAL Model Law on International Commercial Arbitration as adopted in 1985 and is therefore now popularly considered to be an UNCITRAL Model Law State
Paraguay is a Contracting State to both the 1899 & 1907 Convention for the Pacific Settlement of International Disputes:
Paraguay is a United Nations Member State:
Official State Name: Republic of Paraguay - Tetã Paraguái - República del Paraguay
Official Languages: Spanish, Guarani
Capital: Asunción
Motto: Paz y justicia "Peace and justice"
Currency: Guaraní (PYG
)
Time Zone: (UTC-4)
International Calling Code: +595
Internet TLD: .py
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