Paraguay ‘would love’ more trade with China, but Taiwan better for growth ...Middle East

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Paraguay ‘would love’ more trade with China, but Taiwan better for growth
TAIPEI: 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 today 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 favour of Beijing this year, and only 13 countries now recognise Taiwan.Pena pledged during his election campaign to maintain more than six decades of relations with Taiwan despite pressure from Paraguay’s agricultural sector, which wants to open up lucrative Chinese markets to soybeans and beef.Speaking to reporter

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