Tag: Paraguay

Paraguay Says It’s Not Abandoning Taiwan. China Has Other Plans.

Media Library

There are odd couples. Then there’s Taiwan and Paraguay. The high-tech island nation and its rural, landlocked South American ally sit on opposite sides of the earth. United in 1957 by two military rulers — Chiang Kai-shek and Alfredo Stroessner — driven by anti-Communist fervor, this improbable duo have been inseparable ever since. Today, however, Paraguay finds itself a member of a shrinking global club. China has flexed its economic muscle to force countries, including Paraguay, to break ties with Taiwan, which China considers part of its territory. Paraguay today…

Paraguay asks Taiwan to invest $1bn to remain allies

Chin@Strategy

Paraguay, one of Taiwan’s few remaining formal allies, has asked the island’s government for $1bn (£930m) in investment to ensure it can resist pressure to switch its diplomatic ties to China. In an interview with the Financial Times, Paraguay’s president, Mario Abdo Benítez, said his government was working with Taiwan’s to ensure Paraguayans felt “the real benefits of the strategic alliance”. “There is Taiwanese investment of more than $6bn in countries which don’t have diplomatic relations with Taiwan, we want from that $1bn to be put in Paraguay,” he said.…