According to a recent release from the Brazilian Ministry of Foreign Affairs, the presidents of Brazil and Paraguay, Michel Temer and Horacio Cartes, met 21 August 2017 and announced their intent to move forward in negotiations for the conclusion of new income tax treaty. It is uncertain if the negotiations are for amendments to the tax treaty signed between the two countries in September 2000, but not yet ratified, or the drafting of an entirely new treaty.