Mexico–Paraguay relations are foreign relations between Mexico and Paraguay. Both countries are full members of the Community of Latin American and Caribbean States, Latin American Integration Association, Organization of American States, Organization of Ibero-American States and the United Nations.
Historically, both countries were part of the Spanish Empire until the early 19th century. Mexico was part of the Viceroyalty of New Spain while Paraguay was part of the Viceroyalty of the Río de la Plata. Soon after independence, Mexico established a non-resident embassy concurrent to Paraguay from Buenos Aires in 1831. In 1901, Paraguay established a diplomatic mission in Mexico City with Mexico reciprocating the gesture three years later in 1904. In 1943, both diplomatic missions were elevated to the rank of embassies. 
During the presidency of Alfredo Stroessner, Mexico maintained diplomatic relations with Paraguay despite international condemnation of the Paraguayan government. Mexico applied its foreign policy known as the Estrada Doctrine. A few years after the removal of President Stroessner from power; in 1992, Mexican President Carlos Salinas de Gortari paid a state visit to Paraguay. In 1997, Paraguayan President Juan Carlos Wasmosy also paid a state visit to Mexico. During these two visits, both nations signed agreements on scientific, technical and cultural cooperation; banking, trade and investments; to combat illegal smuggling and the removal of visa requirements for citizens of both nations.
- President Carlos Salinas de Gortari (1992)
- President Ernesto Zedillo (1997)
- President Vicente Fox (2004)
- President Felipe Calderón (2011)
- President Andrés Rodríguez (1991)
- President Juan Carlos Wasmosy (1997)
- President Nicanor Duarte Frutos (2004, 2005)
- President Fernando Lugo (2008, 2010)
- President Horacio Cartes (2014, 2015)
In 2016, two-way trade between both nations amounted to $230 million USD. Mexico's exports to Paraguay include: tractors, automobile parts, beer, tequila, cement and machinery while Paraguay's exports to Mexico include: tung oil, sugar, cassava, fruits and textiles. Since 2013, both nations have been negotiating a free trade agreement with one another.
Resident diplomatic missions
- Mexico has an embassy in Asunción.
- Paraguay has an embassy in Mexico City.<ref>Embassy of Paraguay in Mexico City (in Spanish)
- History of diplomatic relations between Mexico and Paraguay (in Spanish)
- Palabras del Presidente Vicente Fox durante la Sesión Solemne del Congreso Nacional de Paraguay (in Spanish)
- DIscurso del Presidente de Paraguay Andrés Rodríguez, Guadalajara, México, 18 de julio de 1991 (in Spanish)
- El presidente de Paraguay, Lugo, en visita oficial a México (in Spanish)
- Recibe Presidente Vicente Fox a su homologo de Paraguay, Nicanor Duarte Frutos (in Spanish)
- Mexican Ministry of the Economy: Paraguay (in Spanish)
- Cancillería ahora quiere cerrar un TLC con México (in Spanish)
- Embassy of Mexico in Asunción (in Spanish)
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