Paraguay’s President Horacio Cartes officially inaugurated his country’s new embassy in Jerusalem Monday, making Paraguay the third nation to relocate its embassy in Israel from Tel Aviv to the Israeli capital city.

The move comes a week after the US unveiled its new embassy in the Arnona neighborhood of Jerusalem. Two days later, Guatemala transferred its embassy to a temporary facility in an office building in the Malha neighborhood of southern Jerusalem.

“It is an honor for me to be here today,” President Cartes said at the opening ceremony Monday.

"This occasion is of special significance because it expresses the sincere friendship and brave solidarity between Paraguay and Israel." continued Cartes.

"From the depth of my heart, I appreciate this country that courageously defends its right to live in peace and it is building a praiseworthy economically prosperous state that ensures its future and that of its children."

Prime Minister Netanyahu also spoke at the opening ceremony, praising the move and expressing optimism regarding the relationship between Israel and Paraguay, saying there would be “greater” cooperation between the two countries in the years ahead.

"A great day for Israel, a great day for Paraguay, a great day for our friendship. You’ve done much for your country, much for your country, and now you you’re doing something for both our countries. And this follows the example and I would say the practice of Paraguay for many, many years."

"We have great cooperation and it’s going to get greater. We have delegations; I reviewed all the visitors, the parliamentarians, the experts, the ministers, the delegations that go back and forth. It’s time. It’s time to do a lot more. It’s time to let our cooperation, how should I say this, flow like water."

"We’re discussing water, we’re discussing agriculture, we’re discussing technology, we’re discussing security, but we’re doing and we want to do more, and we will do more. And because of this, you have not only the support of our government but the profound gratitude of the people of Israel. We remember our friends. We have no better friends than you. Thank you, Horacio. Thank you, Paraguay."

President Cartes arrived in Israel late Sunday evening ahead of the embassy unveiling, and met with Internal Security Minister Gilad Erdan (Likud).

“I thanked the president [Cartes] for his decision [to move the embassy], which highlights the deep ties between our two countries, and his brave leadership,” tweeted Erdan. “Another leader of a state which chose the truth and to strengthen our sovereignty over our capital. Thanks!”

Earlier this month, Paraguay formally announced its plans to relocate its embassy from Tel Aviv to Jerusalem.

In April, President Cartes vowed to move his nation’s embassy to the Israeli capital before leaving office this August.