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Chinese Foreign Ministry says China imports zero soybeans from Paraguay; urges S. American nation to stand on right side of history

Soybean
China
Regulation & Compliances
Market & Price Trends
Published Mar 28, 2024

Tridge summary

The Chinese Foreign Ministry has countered Paraguayan President Santiago Pena's assertion that Paraguay is exporting soybeans to China, stating that no such imports have been recorded according to China's customs data. This dispute underscores the tension between Paraguay's economic pursuits and its diplomatic ties with Taiwan, as China emphasizes the one-China principle and urges Paraguay to adhere to the international consensus for its own development and the well-being of its citizens. This situation highlights the diplomatic challenges Paraguay faces in balancing its economic interests with its foreign policy.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The Chinese Foreign Ministry on Monday refuted Paraguayan President Santiago Pena’s statement claiming that the country continues to export soybeans to China despite relations between Paraguay and the island of Taiwan. The ministry urges the South American country to stand on the right side of history for its own development and the well-being of its people. China is the world’s largest soybean importer. However, according to China’s customs statistics, the country’s soybean imports from Paraguay stand at zero, Lin Jian, a spokesperson of the Chinese Foreign Ministry, said at a regular press conference in Beijing on Monday. According to media reports, Pena said on Friday that the country’s trade with China does not affect relations between the island of Taiwan and Paraguay. “The 66-year friendship between Taiwan and Paraguay runs deep. Paraguay continues to export soybeans to the Chinese mainland,” said the president in a video posted on social media platform X. There is but one ...
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