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LatinNews Daily - 23 September 2019
In brief: Paraguay’s soya producers emphasise benefits of Chinese trade
* In interviews with the local press, the president of Paraguay’s association of soya producers (APS) Eno Michels has stated that strengthening bilateral relations with mainland China would offer export opportunities and Foreign Direct Investment (FDI) for the soya industry in Paraguay. Michels said, “Paraguay is the only country in South America that does not have relations with this country,” noting, “We are talking about a market of 1.4bn people. Also…the installation of industries…[will] generate employment, which has not been achieved with Taiwan [with which Paraguay established official diplomatic relations in 1957]”. Taiwan’s President Tsai Ing-wen and Paraguay’s President Mario Abdo Benítez signed a joint declaration in October 2018 to strengthen bilateral economic and trade relations.
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