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Reuters
Reuters
Business
By Daniela Desantis and Ben Blanchard

Paraguay says 'excellent' Taiwan ties not conditional on new investment

FILE PHOTO: Paraguay's President Mario Abdo Benitez arrives at the ninth Summit of the Americas, in Los Angeles, California, U.S., June 8, 2022. REUTERS/Lucy Nicholson/File Photo

Paraguay's foreign ministry said on Thursday that the South American country's diplomatic ties with Taiwan were "excellent" and not conditional on extra investment, amid rising pressure from China to win over the island's few remaining allies.

Paraguay is one of only 14 nations globally that retains diplomatic ties with Taiwan and the only South American country to do so. China, which considers Taiwan one of its provinces and not a county, has convinced a number of the island's allies to shift allegiance in recent years, the last being Nicaragua in December.

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