Paraguay “would love” to do more trade with China, but Taiwan offers the best bet for moving the largely agricultural economy up the value chain, the country’s president-elect Santiago Pena said on Saturday on a visit to Taipei. Paraguay is the last South American country with formal relations with Taiwan, which China claims as its own territory. Honduras ended decades of ties in favor of Beijing this year, and only 13 countries now recognise Taiwan. “We have no constraints on doing trade with China. We would love to do more trade with the PRC,” he said, referring to the People’s Republic of China.

Source: Bueno Aires Herald July 15, 2023 17:18 UTC