Tag: diplomatic switch
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Betting on Beijing: How a Diplomatic Switch Sank Honduras’s Shrimp Exports
In 2023, Honduras severed ties with Taiwan and recognized China, betting that access to one of the world’s largest markets would bring new prosperity. The move was hailed by President Xiomara Castro’s government as a strategic step toward bigger trade deals and deeper economic cooperation.
An employee shows the shrimp that is exported to Taiwan in Choluteca, Honduras on April 4, 2023. "We don't want them to stop business with Taiwan," Lorena de Jesus Zelaya, 51, who works in a shrimp packing plant, complained to AFP. (Photo by Orlando SIERRA / AFP)
In 2023, Honduras severed ties with Taiwan and recognized China, betting that access to one of the world’s largest markets would bring new prosperity. The move was hailed by President Xiomara Castro’s government as a strategic step toward bigger trade deals and deeper economic cooperation. ...
