President-elect Castro to move closer to China

Taiwan offers Honduras economic incentives due to political situation

Today, Taiwan removed the tariffs on 25 goods imported from Honduras, offering an incentive ahead of this month’s inauguration of a new president who had threatened to break off diplomatic ties with Taipei. Honduras is one of only 14 countries that maintain formal diplomatic relations with Chinese-claimed Taiwan.

Prior to winning November’s presidential election, Xiomara Castro of the leftist Liberty and Refoundation Party (Libre) said if victorious, she would open diplomatic ties with China. Her team has since backtracked on that stance.

Taiwan’s Economy Ministry said the import tariff cut on agricultural goods ranging from avocados to yoghurt and pork bellies, originally agreed in 2019, had come into effect after completing relevant legal procedures. The two nations have had a free trade agreement since 2007.

Source: reuters.com


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