Economy / Paraguay
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Oil Find Attracts Attention
August 2008 | Risk SummarySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Paraguay's current ambassador to Lebanon, Alejandro Hamed, is to be the new foreign affairs minister. Hamed has freely admitted to having contact with what the US considers terrorist organisations, Hezbollah and Hamas. However, Hamed argues that this was only to help civilians escape the Israeli attack on Lebanon in 2006, and we do not see this having a major impact on Paraguayan-US relations. We also expect Hamed to focus his efforts towards developing the Mercosur trade bloc. Acknowledging the frustration of industrial and agricultural exporters, Hamed used the European Union as an example of how a regional block can