A conductive paste for a terminal electrode of a multilayer ceramic electronic part, comprising (A) a spherical conductive powder which comprises chiefly copper, and which has a vitreous thin film on at least a portion of the surfaces thereof, (B) a flaky conductive powder comprising chiefly copper, (C) a glass powder, and (D) an organic vehicle, and may further contain (E) an aliphatic amine. When baked to form terminal electrodes for multilayer ceramic electronic parts, this paste exhibits extremely superior binder removal characteristics at low temperatures, and furthermore, it is superior in terms of oxidation resistance, binder removal characteristics and firing characteristics with no need for strict control of the firing conditions, thereby dense terminal electrodes that are superior in terms of adhesion and conductivity can be formed.