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Taiwan cuts tariffs to keep Honduras on its diplomatic side
- Incoming Honduran president had threatened to sever ties with the island but her team has since backtracked
- The Central American country is Taiwan’s biggest source of imported frozen prawns
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Taiwan on Friday cut to zero tariffs on 25 goods imported from Honduras under a free-trade agreement, offering an incentive ahead of this month’s inauguration of a new president who had threatened to break off diplomatic ties with Taipei.
Honduras is one of only 14 countries that maintain formal diplomatic relations with Chinese-claimed Taiwan.
Prior to winning November’s presidential election, Xiomara Castro of the leftist Liberty and Refoundation Party (Libre) said that if victorious, she would open diplomatic ties with Beijing. But her team has since backtracked on that stance.
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Taiwan’s economy ministry said the import tariff cut on agricultural goods ranging from avocados to yoghurt and pork bellies, originally agreed in 2019, had come into effect after completing relevant legal procedures.
01:10
‘There’s only one China’: Nicaragua ends diplomatic ties with Taipei, switches to Beijing
‘There’s only one China’: Nicaragua ends diplomatic ties with Taipei, switches to Beijing
The two have had a free trade agreement since 2007.
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