Honduras' China switch driven by Taiwan debts, investment hopes, minister says

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Honduras' China switch driven by Taiwan debts, investment hopes, minister says
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Honduras' decision to seek official relations with China and cut them with Taiwan on Tuesday was about 'pragmatism, not ideology,' driven by rising debt and investment needs, Honduran Foreign Minister Eduardo Enrique Reina said on Wednesday.

Honduras' decision puts pressure on Taiwan ahead of a visit by Taiwan President Tsai Ing-wen to the U.S. and Central America.

The decision came after conversations with the U.S. and Asian allies, according to Reina, adding he wanted to strengthen ties with the U.S. and others.

 

$600 million reasons

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