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“Trade ban” affects Guatemalan exports to China

Published May 25, 2024

Tridge summary

The Guatemalan Association of Exporters (Agexport) has reported a suspected trade ban by China on Guatemalan coffee and cardamom shipments, potentially in response to Guatemala's diplomatic support for Taiwan. Despite no official communication from China, intermediaries have ceased shipments, and Agexport is awaiting confirmation on the status of the alleged ban. This situation occurs amidst increasing Chinese pressure to shift allegiances from Taiwan, with only twelve countries, including Guatemala, still maintaining diplomatic ties. The economic impact includes a significant imbalance in trade favoring China, despite the lack of a formal trade agreement between the two nations. China's Foreign Ministry has criticized Guatemala's actions and urged alignment with its 'one China' policy.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Guatemalan Association of Exporters (Agexport) reported that shipments of coffee and cardamom destined for China were recently detained, amid what appears to be a trade “ban” by China. Faced with this, China did not confirm whether it implemented a veto on coffee and cardamom imports from Guatemala, in what could be retaliation for Guatemala's support for Taiwan. This incident occurs in a tense diplomatic context, since Guatemala is one of the twelve countries that still recognize Taiwan diplomatically, which has caused discontent in China. The private association mentioned in a statement that they have not yet found any official notification from the Chinese government about the alleged “ban” on exports. However, "in practice", the situation is different, since the intermediaries that manage the exports of Guatemalan products to China requested to stop the shipments, indicating that the products already on their way cannot enter the Asian country. The union reported that it ...
Source: Infobae
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