{"id":395424,"date":"2017-06-13T07:13:27","date_gmt":"2017-06-13T07:13:27","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/06\/13\/panama-cuts-ties-with-taiwan-in-favour-of-china\/"},"modified":"2017-06-13T07:13:27","modified_gmt":"2017-06-13T07:13:27","slug":"panama-cuts-ties-with-taiwan-in-favour-of-china","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/06\/13\/panama-cuts-ties-with-taiwan-in-favour-of-china\/","title":{"rendered":"Panama cuts ties with Taiwan in favour of China"},"content":{"rendered":"

<\/p>\n

\n

Panama has cut long-standing diplomatic ties with Taiwan and established relations with China instead.<\/p>\n

The government said it recognised there was \u201conly one China\u201d and that it considers Taiwan part of it.<\/p>\n

Taiwan expressed \u201canger and regret\u201d and accused Panama of \u201cbullying\u201d.<\/p>\n

China regards Taiwan as a breakaway province. A handful of countries maintain ties with Taipei instead of Beijing, and Panama is the latest to have switched sides.<\/p>\n

In December last year, the African island nation of Sao Tome and Principe made a similar move. Now only 20 countries have diplomatic relations with Taiwan.<\/p>\n

In recent years China has intensified its economic investment into the Central American country \u2013 home of the economically vital Panama Canal.<\/p>\n

Taiwan\u2019s foreign ministry said in a statement that it \u201cexpresses anger and regret\u201d over what it called a \u201cvery unfriendly\u201d diplomatic turn by Panama that \u201cyielded to economic interests by the Beijing authorities\u201d.<\/p>\n

It accused Panama of \u201cbullying\u201d Taiwan while \u201cignoring the many years of friendship\u201d between the two countries, and added it \u201cwill not compete with the Beijing authorities for money diplomacy\u201d.<\/p>\n

It was as recently as June last year that Taiwan\u2019s leader Tsai Ing-wen visited Panama, on her first overseas trip as president.<\/p>\n

\"Taiwan's<\/span><\/figure>\n

Following Panama\u2019s announcement, China\u2019s state media published photos of the two countries\u2019 foreign ministers in Beijing signing a document establishing diplomatic relations, and toasting with champagne.<\/p>\n

China\u2019s foreign ministry also released a statement (in Chinese) saying that \u201cthe Chinese government and its people highly appreciate and warmly welcome\u201d the move by Panama.<\/p>\n

The United Nations in 1971 switched diplomatic recognition to Beijing\u2019s People\u2019s Republic of China (PRC) and most countries have since followed that lead in order not to antagonise the resurging economic giant.<\/p>\n

Many of Taipei\u2019s remaining backers are small island states or in Central and South America \u2013 regions that so far had few economic ties with China.<\/p>\n

\"Chinese<\/span><\/figure>\n
The Panama Canal is vital for global trade<\/figure>\n

Given China\u2019s rapid growth as an economic and political superpower, it has been increasingly easier for Beijing to sway countries to its side.<\/p>\n

In the case of Sao Tome and Principe, Taiwan\u2019s foreign ministry condemned the move, alleging the island nation demanded a huge amount of financial support.<\/p>\n

Panama did not give any reason as to why it changed its diplomatic allegiance but there has been growing economic cooperation with China over the past years.<\/p>\n

Chinese companies are developing ports in Panama, and Chinese state firms are said to have expressed interest in developing the land around the Panama Canal once the country opens a tender for it later this year.<\/p>\n

The Panama Canal is a vital shipping route. As China expands its global trade ambitions with its One Belt One Road initiative, access to the eastern coasts of both South America and the US is expected to be of growing importance for Beijing.<\/p>\n

\u2013<\/p>\n

Source: BBC<\/p>\n

<\/p>\n

\t\t\t\t\t\t\t\t\t\t<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Panama has cut long-standing diplomatic ties with Taiwan and established relations with China instead. The government said it recognised there was \u201conly one China\u201d and that it considers Taiwan part of it. Taiwan expressed \u201canger and regret\u201d and accused Panama of \u201cbullying\u201d. China regards Taiwan as a breakaway province. A handful of countries maintain ties […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-395424","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\nPanama cuts ties with Taiwan in favour of China - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/06\/13\/panama-cuts-ties-with-taiwan-in-favour-of-china\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Panama cuts ties with Taiwan in favour of China - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Panama has cut long-standing diplomatic ties with Taiwan and established relations with China instead. 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