Paraguay courts Taiwanese investors, warns against China reliance - finance minister

  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Paraguay is seeking more Taiwanese investment to diversify its farm-driven economy focused on exporting raw materials to China, incoming Finance Minister Carlos Fernandez Valdovinos said in an interview.

Paraguay remains the only South American nation with formal diplomatic relations with Taiwan, which China claims as its own territory. As Paraguay prepares for the Aug. 15, it has reinforced its 70-year friendship with the democratic island, even as China ramps up diplomatic and military pressure.

A Taiwan delegation including business leaders will travel to Paraguay in August for the inauguration of conservative President-elect Santiago Pena, he added.Paraguayan farmers who support switching ties to China to boost the landlocked country's agricultural exports "are not seeing the risks" that Beijing presents, Fernandez said.

Paraguay's cattle ranchers had been pressuring officials to gain access to the lucrative Chinese market for their beef before theBig meatpackers say they can get better prices elsewhere, as demand for more specialized cuts and processed foods grows.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Web3 Could Revolutionize Climate FinanceGrassroots crypto initiatives can close the 'climate funding gap,' incentivize a new generation of climate projects and help finance the optimistic ideas for fighting climate governments and institutions have not.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

Philippines need not match Fed's 25-basis point hike, finance minister saysThe Philippines' finance minister said monetary authorities have room to pause on rate hikes in August despite a recent policy tightening by the U.S. Federal Reserve.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Curve Finance factory pools targeted due to reentrancy vulnerabilityFactory pools on Curve Finance faced a reentrancy vulnerability, a security flaw allowing potential funds drain from interrupted contract calls.
La source: TheBlock__ - 🏆 464. / 53 Lire la suite »

Curve Finance pools exploited in over $24M due to reentrancy vulnerabilitySeveral stable pools on Curve Finance using Vyper were exploited on July 30, with losses reaching $24 million at the time of writing. Several stable pools on Curve Finance were exploited on July 30, with losses reaching $24 million. According to Vyper, its 0.2.15, 0.2.16, and 0.3.0 versions are vulnerable to malfunctioning reentrancy locks, leaving projects relying on these versions exposed to potential risks.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »