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partnerships between the public and private sectors for investment in public infrastructure and theprovision of services, as well as in the production of goods. The law establishes a clear framework forpublic-private partnership contracts, and regulates private initiatives and regulates the use of trusts forthe purposes specified in the law. Contracts may include management of infrastructure and services,which include road projects, rail, port, airport, waterway dredging and maintenance of the rivers whichsurround Paraguay, social infrastructure, electrical equipment and urban development.In sum, currently Paraguay has a growing and diversifying economy with abundant natural resourcesand excellent human capital, which is always been accompanied by an open trade principle andpromotion of a legal framework to protect investors. The upcoming years promise to be an excellentyear for Paraguayans and those who are betting on the country.2. ECONOMIC SECTORS FOR INVESTMENT IN PARAGUAYParaguay offers important options for private investment in the telecommunications sector. Thesector was opened to private investors in 1995 and has experienced growth beyond expectations eversince, particularly in mobile phone services. The sector is set to further experience a major change asthe State telecommunications company is passed on to the private sector.Water supply and sewage services in sectors of the countryside have been opened to privateinvestment, having set up the appropriate legal framework and created the regulating agency in late2000.As a country rich in energy generated by two main sources, the bi-national hydroelectric dams builttogether with Brazil and Argentina, Paraguay also constitutes a convenient location for energysensitiveindustries.Industries focused on local market supply and export activities are seen as other options, among whichare cast metals, textiles, vegetable oils, dairy products, leather and hides, beef and timber products,cold storage facilities and transportation.Paraguay’s main products are: cotton, soybean, sugarcane, meat, timber, vegetable oils, corn, rice,tobacco, manioc (cassava), fruits and vegetables, among others.Overall, the main investment attractions in Paraguay could be listed as follows: abundance of natural resources abundant electrical energy, environmentally clean and renewable; mainly young population that is trainable; stable macroeconomic and a fiscal policy with the lowest tax burden in the region; ample advantage and benefits for foreign and domestic investments;4Berkemeyer Attorneys and Counselors | Asunción - Paraguay