India and Paraguay on Monday signed a Memorandum of Understanding (MoU) to establish a Joint Commission Mechanism (JCM). The agreement was signed by External Affairs Minister, S Jaishankar, and Paraguay Foreign Minister Ruben Ramirez L, in New Delhi.

"Concluded an MoU with FM @rramirezlezcano for establishment of Joint Commission Mechanism (JCM) between India and Paraguay. A significant step in widening our dialogue and cooperation," Jaishankar said in a post on X.

Earlier in the day, PM Modi held talks with Paraguayan President Santiago Pena at Hyderabad House. The two leaders discussed enhancing cooperation in a range of sectors including agriculture, Pharma, technology, renewable energy and health.