Thursday 8 December 2022

China Seeks to Displace Taiwan in Central America

Panama is the second Central American country to break ties with Taiwan; Costa Rica did so in 2007

Paying the bills

Latest

Bukele’s surprise and private visit to Costa Rica

QCOSTARICA - El Salvador president Nayib Bukele made a...

Regular gas drop approved, while super and diesle go up

QCOSTARICA - The regulating authority of public services, the...

Kölbi has the fastest mobile network in Costa Rica

QCOSTARICA - Kölbi, the brand of the state-owned utility,...

Refund on Marchamo for early payers announced

QCOSTARICA - Paid your Marchamo in November? If you...

U.S. allocates US$22 million to the immigration crisis in Panama

Q24N (EFE) The United States has allocated close to...

El Salvador is a “time bomb”

Q REPORTS - According to a recent report from...

Sports Odds Explained

Different Types Of Sportsbooks Odds. For newcomers, betting odds...

Dollar Exchange

¢596.96 Buy

¢604.15 Sell

7 December 2022 - At The Banks - BCCR

Paying the bills

Share

Image from RN Drive

Q24N – Could Nicaragua be the next Central American country to switch diplomatic relations from Republic of China to People’s Republic of China?

Last month, Panama became the second country in the region to do so, following the example of Costa Rica in 2007.

Concerned about Taiwan’s independentist posture following the election last January of the Democratic Progressive Party, China has sought to bring about a change of allegiances in various parts of the world, especially in Latin America, where Taiwan has a strong presence.

- Advertisement -

Taiwan for its part has been fighting back, including a visit last January by President Tsai Ing-wen to El Salvador, Guatemala and Honduras.

Panama may be a special case, since its shipping represents 20% of the traffic of the Panama Canal.

The potential for commercial relations between China and Central America is likely limited, at least as far as exports are concerned.

Costa Rica, which since 2012 has had a free trade agreement with China, has seen an increase in Chinese imports from us$1.4 billion six years ago to us$2.1 billion last year, while exports to China last year were valued at only us$46 million.

On the other hand, China may offer other inducements, which make it attractive to switch.

The only Central American countries left with full diplomatic relations with Taiwan are: Belize, El Salvador, Guatemala, Honduras and Nicaragua.

- Advertisement -

 

 

- Advertisement -
Paying the bills
Avatar photo
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

El Salvador is a “time bomb”

Q REPORTS - According to a recent report from the Human...

Two hopes crushed in one game at Qatar World Cup group stage

QCOSTARICA - A thrilling Thursday in Qatar has brought into question...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.