scorecardresearch
Thursday, August 22, 2024
Support Our Journalism
HomeWorldParaguay open to China trade deals via Mercosur despite Taiwan ties, Pena...

Paraguay open to China trade deals via Mercosur despite Taiwan ties, Pena says

Follow Us :
Text Size:

By Daniela Desantis and Lucinda Elliott
ASUNCION (Reuters) – Paraguayan President Santiago Pena said on Wednesday that he was “fully open” to trade deals with China via South American trade bloc Mercosur, despite his country’s diplomatic ties with Taiwan.

Paraguay’s long-standing diplomatic support for Taiwan has hindered local farmers’ grains exports to China, which claims sovereignty over the self-governed island. Paraguay is the last South American country with formal relations with Taiwan, which strongly objects to China’s sovereignty claims.

Mercosur, a customs union also including Brazil, Argentina and Uruguay, has been in talks to finalize a long-awaited trade deal with the European Union, but has also discussed a potential trade deal with China.

“Our position with China is one of total openness,” Pena said of Paraguay’s position within Mercosur, adding that the obstacle was rather China not accepting its recognition of Taiwan. “We are in favor of advancing trade agreements,” he added in the interview with Reuters.

Mercosur officials held a dialogue with Chinese counterparts on Aug. 12 in Uruguay’s capital.

“I see prudence on Brazil’s side,” Pena said of the possible China agreement, which he emphasized that he supported. “I think that the most interested is Uruguay and we accompany this effort to have a conversation as a bloc.”

China’s foreign ministry and the Chinese embassy in Uruguay did not immediately reply to a request for comment.

(Reporting by Daniela Desantis and Lucinda Elliott; Editing by Adam Jourdan and Rosalba O’Brien)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

  • Tags

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular