Paraguay’s recently inaugurated president, Santiago Pena, confronts numerous challenges. His party’s support for Taiwan impedes grain exports to China, which views Taiwan as its province. Taiwan’s Vice President William Lai’s presence at Pena’s inauguration underscores this relationship. Furthermore, Pena must navigate U.S. relations post the corruption accusations against his predecessor. He also faces challenges in bolstering the agricultural sector, which has seen an 18% decline YoY in July.