Paraguayan Finance Minister Announces Opening to Chinese Investments
Paraguay, the only country in South America that maintains diplomatic relations with Taiwan, is considering the possibility of attracting investments from China to boost its emerging green hydrogen industry, according to Carlos Fernández, the nation’s Minister of Economy and Finance. Paraguay has abundant water resources and renewable energy from its two major hydroelectric dams, placing it in a strategic position to produce green hydrogen and convert it into synthetic fuels and fertilizers.
Taiwan accuses China of snatching its alliance with Paraguay ahead of the presidential elections
The Taiwanese Deputy Minister of Foreign Affairs, Alexander Yui, stated that China is doing everything possible to “snatch” Paraguay away from Taiwan in light of the upcoming general elections scheduled for April 30th. During a parliamentary hearing, the official expressed, “It is a fact that China has been openly courting candidates from all parties,” as quoted by the official agency CNA.
Minerva and high Chinese demand
Minerva affirmed that it will continue to meet Chinese beef demand through four slaughter units, three in Uruguay and one in Argentina. This follows a confirmed case of mad cow disease in the state of Pará in Brazil. Minerva, South America’s leading beef processor and exporter, present in Colombia, Chile, and Paraguay, assured that the strategy will prevent its market share from being affected as China is the largest importer of Brazilian product and has a protocol for suspending business in the event of cases of atypical Bovine Spongiform Encephalopathy, something that has already occurred in the past.
Paraguay and Taiwan strengthen cooperation ties in Hualien Air Base
Paraguayan President Mario Abdo Benítez began an official visit to the Republic of China (Taiwan) from February 14 to 18, where he held important talks with different sectors related to military, commercial, technical, and cultural exchanges with the Asian nation.
Conmebol donated Sinovac vaccines to Paraguay
Alejandro Domínguez, president of Conmebol, announced a donation of 30,000 Sinovac vaccines by Conmebol to the Paraguayan Ministry of Health as a sign of gratitude for the organization of the upcoming Women’s Libertadores Cup, with the exception of the final to be held at the Centenario Stadium in Montevideo.