IBOV 173,787 ▼ 0.73% IPSA 10,788 ▼ 1.00% IPC MEX 68,588 ▼ 0.40% MERVAL 3,166,407 ▲ 2.49% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.13% USD/MXN 17.34 ▲ 0.12% USD/CLP 888.00 ▼ 0.41% USD/COP 3,666 ▲ 0.83% USD/PEN 3.40 ▼ 0.32% USD/ARS 1,409 ▼ 0.07% USD/UYU 40.13 ▲ 1.58% USD/PYG 5,998 ▼ 0.32% USD/BOB 6.86 ▲ 1.81% USD/DOP 58.15 ▲ 0.12% USD/CRC 451.23 ▲ 2.38% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.63 ▲ 1.72% USD/NIO 36.62 ▲ 0.31% USD/VES 548.00 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.68% USD/JMD 156.59 ▲ 0.93% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.88 ▼ 0.16% BRENT 91.12 ▼ 2.76% WTI 87.36 ▼ 1.73% IRON ORE 161.91 — — COPPER 6.39 ▼ 0.11% GOLD 4,593 ▲ 2.08% SILVER 75.88 ▲ 0.30% SOY 1,187 ▼ 0.65% CORN 446.75 ▼ 1.97% WHEAT 610.50 ▼ 2.16% COFFEE 265.90 ▼ 3.04% SUGAR 14.07 ▲ 1.01% ORANGE JUICE 158.80 ▼ 5.84% COTTON 76.25 ▼ 0.68% COCOA 3,901 ▼ 4.83% BEEF 239.05 ▼ 4.28% CATTLE 348.43 ▼ 1.30% LITHIUM 87.15 ▼ 0.40% PETR4 42.00 ▼ 1.20% VALE3 82.82 ▼ 1.36% ITUB4 40.04 ▲ 0.10% BBDC4 17.70 ▼ 1.12% ABEV3 16.32 ▲ 0.18% BBAS3 20.30 ▼ 1.41% B3SA3 16.50 — 0.00% WEGE3 44.10 ▲ 0.87% PRIO3 62.25 ▼ 1.14% SUZB3 41.91 ▲ 0.53% RENT3 42.02 ▼ 1.87% AZZA3 19.31 ▼ 2.72% CSAN3 3.80 ▼ 3.55% RAIZ4 0.36 ▲ 5.88% PCAR3 1.86 ▼ 5.10% GMAT3 4.27 ▲ 3.14% PSSA3 48.31 ▲ 0.06% CVCB3 1.50 ▼ 6.25% POSI3 4.07 ▼ 1.69% SLCE3 15.50 ▼ 2.52% NATU3 9.95 ▼ 1.49% BRKM5 10.46 ▼ 6.02% RANI3 8.02 ▲ 1.01% CSNA3 6.71 ▼ 1.32% CMIN3 4.66 ▼ 0.85% USIM5 11.08 ▲ 4.04% GGBR4 22.77 ▼ 3.11% ENEV3 25.63 ▲ 2.52% NEOE3 33.80 — 0.00% CPFE3 43.39 ▲ 0.84% CMIG4 10.76 ▼ 2.62% EQTL3 38.55 ▲ 0.92% LREN3 14.90 ▼ 0.67% VIVT3 33.82 ▲ 0.65% RAIL3 13.72 ▼ 0.94% KLABIN 16.67 — 0.00% RAIA DROGASIL 18.69 ▼ 1.37% RDOR3 34.02 ▼ 1.31% HAPV3 12.15 ▼ 2.64% FLRY3 15.39 ▼ 2.22% SMTO3 16.98 ▼ 1.05% UGPA3 25.87 ▼ 3.86% VBBR3 29.75 ▼ 3.75% BBSE3 35.40 ▲ 2.37% BPAC11 53.75 ▼ 1.01% CURY3 31.73 ▼ 1.40% AERI3 2.29 ▼ 1.29% VIVARA 21.84 ▼ 1.40% COMPASS 26.77 ▼ 0.82% VAMOS 3.06 ▼ 4.08% SANB11 27.16 ▼ 0.22% ASAI3 8.75 ▼ 2.56% SBSP3 27.95 ▼ 0.75% WALMEX 52.48 ▲ 0.04% GMEXICO 214.29 ▲ 0.39% FEMSA 206.62 ▼ 1.53% CEMEX 22.77 ▲ 0.26% GFNORTE 180.63 ▼ 2.44% BIMBO 59.69 ▲ 1.50% TELEVISA 9.33 ▼ 3.72% AMX 22.08 ▼ 1.43% GAP 407.34 ▼ 1.53% ASUR 296.27 ▼ 1.45% OMA 217.77 ▼ 0.33% KOF 187.08 ▲ 0.74% GRUMA 291.39 ▼ 0.73% KIMBER 38.40 ▲ 0.39% SQM-B 76,200 ▲ 1.10% COPEC 6,323 ▼ 3.61% BSANTANDER 70.00 ▼ 1.96% FALABELLA 5,700 ▼ 2.98% ENELAM 78.00 ▼ 1.25% CENCOSUD 2,099 ▼ 3.72% CMPC 1,066 ▼ 4.82% BANCO CHILE 167.66 ▼ 2.81% LATAM AIR 24.10 ▲ 1.43% YPF 78,350 ▲ 1.65% GGAL 7,495 ▲ 3.59% PAMPA 5,095 ▲ 2.16% TXAR 692.50 ▲ 3.28% ALUAR 1,019 ▲ 1.39% TGS 9,135 ▲ 0.05% CEPU 2,356 ▲ 4.43% MIRGOR 16,950 ▲ 1.04% COME 49.36 ▲ 4.82% LOMA NEGRA 3,593 ▲ 2.50% BYMA 296.75 ▲ 1.37% TELECOM ARG 4,328 ▲ 5.55% ECOPETROL 14.62 ▼ 1.02% BANCOLOMBIA 68.59 ▼ 0.87% GRUPO AVAL 4.61 ▼ 1.71% CREDICORP 342.63 ▲ 0.33% SOUTHERN COPPER 191.30 ▼ 1.84% BUENAVENTURA 36.89 ▲ 5.37% MERCADOLIBRE 1,696 ▲ 0.01% NUBANK 13.13 ▲ 0.61% XP 16.67 ▼ 1.71% PAGSEGURO 9.35 ▲ 0.21% STONE 11.45 ▲ 1.06% GLOBANT 40.43 ▲ 1.25% TECNOGLASS 43.09 ▼ 2.53% GAP AIRPORT 236.30 ▼ 0.76% ASUR 296.27 ▼ 1.45% OMA AIRPORT 100.32 ▼ 0.40% AMX ADR 25.40 ▼ 1.53% FEMSA ADR 119.03 ▼ 1.51% CEMEX ADR 13.10 ▲ 0.27% PETROBRAS ADR 18.77 ▼ 0.32% VALE ADR 16.25 ▼ 1.81% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.45 — 0.00% AMBEV ADR 3.21 ▲ 0.31% CSN 1.35 ▼ 1.10% GERDAU 4.50 ▼ 3.23% LATAM ADR 53.68 ▲ 1.04% BTC 73,855 ▲ 0.66% ETH 2,027 ▲ 0.74% SOL 82.97 ▲ 1.27% XRP 1.35 ▲ 1.55% BNB 725.22 ▲ 12.91% ADA 0.24 ▲ 2.28% DOGE 0.10 ▲ 1.63% AVAX 9.00 ▲ 2.09% LINK 9.26 ▲ 2.76% DOT 1.20 ▲ 0.58% LTC 52.50 ▲ 1.29% BCH 305.14 ▲ 1.07% TRX 0.35 ▲ 0.94% XLM 0.24 ▼ 8.67% HBAR 0.10 ▼ 3.48% NEAR 2.30 ▼ 3.18% ATOM 2.03 ▲ 0.78% AAVE 83.40 ▲ 1.25% SELIC 14.50% EMBRAER 73.38 ▼ 0.30% EMBRAER ADR 57.75 ▼ 1.11% JBS 12.47 ▼ 3.63% JBS BDR 61.00 ▼ 6.20% MBRF3 16.01 ▼ 1.72% MBRFY 3.08 ▼ 4.64% INTER 6.17 ▼ 2.68% EGX 52,659 ▼ 0.38% USD/ZAR 16.24 ▼ 0.10% USD/NGN 1,370 ▼ 0.21% NIKKEI 66,330 ▲ 2.53% CSI300 4,892 ▼ 0.45% HSI 25,182 ▲ 0.70% NIFTY 23,548 ▼ 1.50% KOSPI 8,476 ▲ 3.55% JCI 6,127 ▼ 0.05% USD/JPY 159.26 ▲ 0.02% USD/CNY 6.7657 ▼ 0.20% DAX 25,105 ▲ 0.05% CAC 8,183 ▼ 0.07% FTSE 10,409 ▼ 0.16% MIB 50,037 ▲ 0.42% IBEX 18,363 ▲ 0.46% STOXX 626.00 ▲ 0.14% EUR/USD 1.1659 ▲ 0.03% GBP/USD 1.3457 ▲ 0.10% SPX 7,580 ▲ 0.22% DJI 51,032 ▲ 0.72% NDX 30,333 ▲ 0.36% RUT 2,919 ▼ 0.59% TSX 34,769 ▲ 0.73% VIX 15.32 ▼ 2.67% USD/CAD 1.3795 ▲ 0.06% US10Y 4.4530 ▼ 0.04% IBOV 173,787 ▼ 0.73% IPSA 10,788 ▼ 1.00% IPC MEX 68,588 ▼ 0.40% MERVAL 3,166,407 ▲ 2.49% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.13% USD/MXN 17.34 ▲ 0.12% USD/CLP 888.00 ▼ 0.41% USD/COP 3,666 ▲ 0.83% USD/PEN 3.40 ▼ 0.32% USD/ARS 1,409 ▼ 0.07% USD/UYU 40.13 ▲ 1.58% USD/PYG 5,998 ▼ 0.32% USD/BOB 6.86 ▲ 1.81% USD/DOP 58.15 ▲ 0.12% USD/CRC 451.23 ▲ 2.38% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.63 ▲ 1.72% USD/NIO 36.62 ▲ 0.31% USD/VES 548.00 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.68% USD/JMD 156.59 ▲ 0.93% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.88 ▼ 0.16% BRENT 91.12 ▼ 2.76% WTI 87.36 ▼ 1.73% IRON ORE 161.91 — — COPPER 6.39 ▼ 0.11% GOLD 4,593 ▲ 2.08% SILVER 75.88 ▲ 0.30% SOY 1,187 ▼ 0.65% CORN 446.75 ▼ 1.97% WHEAT 610.50 ▼ 2.16% COFFEE 265.90 ▼ 3.04% SUGAR 14.07 ▲ 1.01% ORANGE JUICE 158.80 ▼ 5.84% COTTON 76.25 ▼ 0.68% COCOA 3,901 ▼ 4.83% BEEF 239.05 ▼ 4.28% CATTLE 348.43 ▼ 1.30% LITHIUM 87.15 ▼ 0.40% PETR4 42.00 ▼ 1.20% VALE3 82.82 ▼ 1.36% ITUB4 40.04 ▲ 0.10% BBDC4 17.70 ▼ 1.12% ABEV3 16.32 ▲ 0.18% BBAS3 20.30 ▼ 1.41% B3SA3 16.50 — 0.00% WEGE3 44.10 ▲ 0.87% PRIO3 62.25 ▼ 1.14% SUZB3 41.91 ▲ 0.53% RENT3 42.02 ▼ 1.87% AZZA3 19.31 ▼ 2.72% CSAN3 3.80 ▼ 3.55% RAIZ4 0.36 ▲ 5.88% PCAR3 1.86 ▼ 5.10% GMAT3 4.27 ▲ 3.14% PSSA3 48.31 ▲ 0.06% CVCB3 1.50 ▼ 6.25% POSI3 4.07 ▼ 1.69% SLCE3 15.50 ▼ 2.52% NATU3 9.95 ▼ 1.49% BRKM5 10.46 ▼ 6.02% RANI3 8.02 ▲ 1.01% CSNA3 6.71 ▼ 1.32% CMIN3 4.66 ▼ 0.85% USIM5 11.08 ▲ 4.04% GGBR4 22.77 ▼ 3.11% ENEV3 25.63 ▲ 2.52% NEOE3 33.80 — 0.00% CPFE3 43.39 ▲ 0.84% CMIG4 10.76 ▼ 2.62% EQTL3 38.55 ▲ 0.92% LREN3 14.90 ▼ 0.67% VIVT3 33.82 ▲ 0.65% RAIL3 13.72 ▼ 0.94% KLABIN 16.67 — 0.00% RAIA DROGASIL 18.69 ▼ 1.37% RDOR3 34.02 ▼ 1.31% HAPV3 12.15 ▼ 2.64% FLRY3 15.39 ▼ 2.22% SMTO3 16.98 ▼ 1.05% UGPA3 25.87 ▼ 3.86% VBBR3 29.75 ▼ 3.75% BBSE3 35.40 ▲ 2.37% BPAC11 53.75 ▼ 1.01% CURY3 31.73 ▼ 1.40% AERI3 2.29 ▼ 1.29% VIVARA 21.84 ▼ 1.40% COMPASS 26.77 ▼ 0.82% VAMOS 3.06 ▼ 4.08% SANB11 27.16 ▼ 0.22% ASAI3 8.75 ▼ 2.56% SBSP3 27.95 ▼ 0.75% WALMEX 52.48 ▲ 0.04% GMEXICO 214.29 ▲ 0.39% FEMSA 206.62 ▼ 1.53% CEMEX 22.77 ▲ 0.26% GFNORTE 180.63 ▼ 2.44% BIMBO 59.69 ▲ 1.50% TELEVISA 9.33 ▼ 3.72% AMX 22.08 ▼ 1.43% GAP 407.34 ▼ 1.53% ASUR 296.27 ▼ 1.45% OMA 217.77 ▼ 0.33% KOF 187.08 ▲ 0.74% GRUMA 291.39 ▼ 0.73% KIMBER 38.40 ▲ 0.39% SQM-B 76,200 ▲ 1.10% COPEC 6,323 ▼ 3.61% BSANTANDER 70.00 ▼ 1.96% FALABELLA 5,700 ▼ 2.98% ENELAM 78.00 ▼ 1.25% CENCOSUD 2,099 ▼ 3.72% CMPC 1,066 ▼ 4.82% BANCO CHILE 167.66 ▼ 2.81% LATAM AIR 24.10 ▲ 1.43% YPF 78,350 ▲ 1.65% GGAL 7,495 ▲ 3.59% PAMPA 5,095 ▲ 2.16% TXAR 692.50 ▲ 3.28% ALUAR 1,019 ▲ 1.39% TGS 9,135 ▲ 0.05% CEPU 2,356 ▲ 4.43% MIRGOR 16,950 ▲ 1.04% COME 49.36 ▲ 4.82% LOMA NEGRA 3,593 ▲ 2.50% BYMA 296.75 ▲ 1.37% TELECOM ARG 4,328 ▲ 5.55% ECOPETROL 14.62 ▼ 1.02% BANCOLOMBIA 68.59 ▼ 0.87% GRUPO AVAL 4.61 ▼ 1.71% CREDICORP 342.63 ▲ 0.33% SOUTHERN COPPER 191.30 ▼ 1.84% BUENAVENTURA 36.89 ▲ 5.37% MERCADOLIBRE 1,696 ▲ 0.01% NUBANK 13.13 ▲ 0.61% XP 16.67 ▼ 1.71% PAGSEGURO 9.35 ▲ 0.21% STONE 11.45 ▲ 1.06% GLOBANT 40.43 ▲ 1.25% TECNOGLASS 43.09 ▼ 2.53% GAP AIRPORT 236.30 ▼ 0.76% ASUR 296.27 ▼ 1.45% OMA AIRPORT 100.32 ▼ 0.40% AMX ADR 25.40 ▼ 1.53% FEMSA ADR 119.03 ▼ 1.51% CEMEX ADR 13.10 ▲ 0.27% PETROBRAS ADR 18.77 ▼ 0.32% VALE ADR 16.25 ▼ 1.81% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.45 — 0.00% AMBEV ADR 3.21 ▲ 0.31% CSN 1.35 ▼ 1.10% GERDAU 4.50 ▼ 3.23% LATAM ADR 53.68 ▲ 1.04% BTC 73,855 ▲ 0.66% ETH 2,027 ▲ 0.74% SOL 82.97 ▲ 1.27% XRP 1.35 ▲ 1.55% BNB 725.22 ▲ 12.91% ADA 0.24 ▲ 2.28% DOGE 0.10 ▲ 1.63% AVAX 9.00 ▲ 2.09% LINK 9.26 ▲ 2.76% DOT 1.20 ▲ 0.58% LTC 52.50 ▲ 1.29% BCH 305.14 ▲ 1.07% TRX 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Saturday, May 30, 2026

U.S. Troops Get Immunity Under New Paraguay Defense Pact

By · March 18, 2026 · 3 min read

Daily Brief

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Key Points

Paraguay ratified a Status of Forces Agreement (SOFA) with the US by 53-8, granting American military and civilian defense personnel diplomatic-equivalent immunity on Paraguayan soil

Crimes committed by US personnel will be tried in American courts, not Paraguayan ones — the most contested provision in a deal the State Department called a “gold standard” for military cooperation

The agreement explicitly prohibits permanent US bases but allows aircraft, ships, and vehicles to enter freely for training, joint exercises, and humanitarian operations

A Paraguay US military pact that grants American troops diplomatic-level immunity is now law. President Santiago Peña signed the Status of Forces Agreement after Congress ratified it on March 10 by 53 votes to 8, with four abstentions — making Paraguay one of roughly 50 countries worldwide with such an arrangement with Washington.

The deal, signed in Washington on December 15 by Secretary of State Marco Rubio and Foreign Minister Rubén Ramírez Lezcano, is widely seen as the Trump administration’s most significant defense achievement in South America. The Rio Times, the Latin American financial news outlet, examines what the agreement permits, what it restricts, and why it has unsettled Brazil while deepening Washington’s footprint in the heart of the continent.

What the Paraguay US Military Pact Allows

Under the SOFA, US Defense Department personnel and contractors receive privileges modeled on the 1961 Vienna Convention on Diplomatic Relations. They may enter Paraguay using American identification, carry weapons and wear uniforms, import military and technological equipment without customs controls, and operate private telecommunications systems without spectrum fees. They pay no local taxes.

U.S. Troops Get Immunity Under New Paraguay Defense Pact. (Photo Internet reproduction)

The most controversial provision is criminal jurisdiction: offenses committed by US personnel on Paraguayan territory will be prosecuted in American courts, not local ones. The agreement covers training missions, joint exercises, humanitarian assistance, disaster response, and security cooperation against narcotrafficking, transnational crime, and cyberattacks.

US military aircraft, ships, and ground vehicles may enter and move freely within Paraguayan territory for these purposes. The text explicitly prohibits permanent bases or the cession of Paraguayan land to the United States.

Security Need Versus Sovereignty Cost

Supporters see the SOFA as overdue. Colorado Party lawmaker Juan Manuel Añazco argued it simply formalizes cooperation that previously required bespoke arrangements for each deployment — including recent US special forces training and medical missions. Security analyst José Amarilla said Paraguay lacks the capacity to fight narcotrafficking alone, particularly along the triple border with Brazil and Argentina where Brazilian criminal organization PCC operates with an estimated 699 members inside Paraguay.

Critics reject that framing. Independent congressman Raúl Benítez said his bloc believes in cooperation “but also in strong states, respected institutions, and real democratic sovereignty.” The Latin American civil society network Peace and Justice Service called the deal “the formalization of a geopolitics of impunity.” US Chargé d’Affaires Robert Alter denied the agreement foresees any long-term troop presence, telling local radio: “What it does is facilitate existing collaboration.”

The Bigger Picture

The pact fits a broader Trump administration pattern. Ecuador signed a SOFA in 2023, and US Air Force personnel deployed there this month despite voters rejecting permanent bases in a referendum. Washington also lifted sanctions on former Paraguayan president Horacio Cartes — Peña’s political mentor — in what analysts read as a reward for maintaining Paraguay’s recognition of Taiwan over China, making it the last holdout in South America.

Brazil has watched with concern. President Lula is reportedly uneasy about the possibility of US troops operating near the Brazilian border, particularly targeting criminal networks that Brasília refuses to classify as “terrorists.”

For Paraguay — a landlocked nation of 6.4 million bordered by three larger neighbors — the calculation is that alignment with Washington brings security cooperation, economic leverage, and geopolitical insurance in a hemisphere where US-China competition is only intensifying.

The Paraguay US military agreement may be modest in scale today, but its legal architecture is designed for expansion — and that is what makes both allies and neighbors pay close attention.

Deep Dive

For the complete picture, read our in-depth guide: Paraguay: Washington's Most Valued Ally in Latin America

Read More from The Rio Times

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