Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Nicaragua pledges to fight for Taiwan recognition on global stage

Published 01/10/2017, 08:16 PM
Updated 01/10/2017, 08:20 PM
Nicaragua pledges to fight for Taiwan recognition on global stage

By Enrique Andres Pretel

MANAGUA (Reuters) - Nicaragua on Tuesday said it wanted to secure bigger international recognition for Taiwan during a visit by President Tsai Ing-wen at a moment of Chinese suspicions the leader of the self-ruled island is seeking formal independence from China.

Nicaragua's President Daniel Ortega welcomed his Taiwanese counterpart on a visit that follows complaints by Beijing about the attitude of U.S. President-elect Donald Trump who has questioned the United States' commitment to China's position that Taiwan is part of one China.

State media in Nicaragua, which is seeking Chinese investment for a massive canal to compete with Panama's waterway, said Ortega would continue backing Taiwan.

"We're still engaged in this battle, which is a just battle, one of principles, so that the people of Taiwan continue to be incorporated in international organizations attached to the United Nations," Ortega said in the state media of Taiwan, which is not a member of the United Nations.

Trump broke years of U.S. diplomatic tradition as president-elect by accepting a congratulatory telephone call from Tsai on his surprise election win, clashing with the one China policy that Beijing regards as the basis of U.S.-Chinese relations.

The row sparked speculation China could pressure Taiwan's allies to break ties. Since the mid-1990s, almost a third have done so. Taiwan now has formal relations with just 21, mostly smaller and poorer nations in Latin America and the Pacific.

Tsai, who was traveling with a business delegation, took part in a meeting of the Taiwan-Nicaragua chamber of commerce, and pledged to deepen trade and investment between the two.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"(I want) to thank the allied countries in Central America, especially Nicaragua, because of this constant support for our country to participate in the United Nations," she said in the Nicaraguan state media transcription of her remarks.

Nicaraguan General Alvaro Baltodano, one of Ortega's delegates at the meeting with Tsai, said he did not expect her visit to complicate relations with China. "We've always had these warm relations with both China and Taiwan," he said.

Nicaragua in 2013 granted Chinese businessman Wang Jing a 50-year concession to build a canal worth 40 billion dollars, although doubts about the project's viability persist.

Alongside the presidents of Venezuela, Bolivia and El Salvador, Tsai was due to attend Ortega's inauguration for a third consecutive term in office on Tuesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.