Country: Paraguay

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Paraguay’s New Ambassador Presents Credentials to Taiwan’s President

Taiwan's President Lai Ching-te accepted the credentials for Paraguay's new ambassador, Darío Filártiga Ruiz Díaz, on Friday at a ceremony at the Presidential Office Building in Taipei. Paraguay is among the island's staunchest diplomatic partners, even amid mounting pressure from China to switch ...

Paraguay Says Will Defend Ties With Taiwan, Host Its President

Paraguay, Taiwan's only remaining diplomatic ally in South America, vowed Monday to defend its ties with the self-governing democracy claimed by China and announced its president, Lai Ching-te, will visit in August. President Santiago Pena hosted Taiwan's Foreign Minister Lin Chia-Lung ...

How Paraguay’s Veto Power Could Reshape China’s Trade Future in South America

Amid a flurry of headline-grabbing geopolitical developments, one story has flown largely under the radar: several recent signals from within Paraguay suggest a potential shift in the country’s long-standing diplomatic relationship with Taiwan. While it might seem like just another chapter in the long-running contest between Beijing ...

Trade, Not Politics Frame the China-Paraguay Relationship

While political ties between China and Paraguay are increasingly strained over the South American country's commitment to maintain diplomatic relations with Taiwan, economic ties between the two are much more robust. Well, sort of. China is Paraguay's third largest trading partner, ...

Paraguay Expelled a Chinese Diplomat After He Called on the South American Country to Cut Ties With Taiwan

China's Ministry of Foreign Affairs denounced Paraguay's move last week to expel Chinese diplomat Xu Wei for interfering in the South American country's internal affairs. Xu was in Asunción for a UNESCO meeting that he skipped on Thursday to go to parliament, where ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...

UPDATE: Paraguay, Pacific Island Leaders to Attend Taiwan Inauguration

Eight heads of state will be among the 51 international delegations attending the inauguration of Taiwan's new leader next week, Taipei said Friday. Incoming president Lai Ching-te will be sworn in on Monday against a backdrop of increasing diplomatic and military ...

Paraguay Leader to Attend Taiwan Inauguration

Paraguay's President Santiago Pena will attend the inauguration of Taiwan's new leader, a high-ranking government official said Thursday. This makes him the first head of state to confirm his presence at the ceremony. The official, speaking on condition of anonymity, told AFP ...

China, Paraguay Trade Barbs Over Soy Trade

The Chinese government refuted claims by Paraguayan President Santiago Peña that even though the South American country maintains diplomatic ties with Taiwan, it will nonetheless continue to sell soybeans to China. "Contrary to what President Peña said, China has imported zero soy ...

China Bolsters Ties With Uruguay in a Bid to Diversify Its Economic Relations in South America

China is moving to bolster its diplomatic ties in South America in a bid to pressure one of the region's lone holdouts that still recognizes Taiwan and diversify its trade beyond the continent's major powers. Uruguayan President Luis Alberto Lacalle Pou ...

Taiwan’s Next Challenge in the Americas: Paraguay

A delegation of lawmakers from Paraguay arrived in Taiwan on Sunday for what will be a critical test for Taipei to hold on to one of its last remaining diplomatic allies.  Last September, President Mario Abdo Benítez said it would cost Taipei ...