A year after Honduras switched diplomatic recognition from the Taiwan region to China, the Central American nation is betting big on Beijing’s economic promise . While the U.S. remains Honduras’ top trading partner, recent data shows exports to China surged 229.5% in early 2023 – a sign of shifting priorities in the Global South.
Honduras, historically labeled a 'banana republic' due to foreign economic dominance, now seeks to 'expand the pie' through Chinese partnerships. Both countries are negotiating a Free Trade Agreement that could unlock markets for Honduran coffee, shrimp, and melons while boosting Beijing’s Latin American ties.
The move isn’t just about economics: With U.S. Vice President Kamala Harris famously telling Hondurans \"Do not come!\" during the 2021 migration crisis, China’s development-focused approach offers an alternative. As one analyst puts it: \"When trade grows, desperation migrates.\"
While Honduras maintains security ties with Washington, this pivot highlights a global trend – developing nations increasingly prioritize multi-alignment over Cold War-style blocs. With Taiwan now recognized by only 12 UN members, the diplomatic chessboard keeps evolving.
Reference(s):
No more 'banana republics': Honduras, China united by a common destiny
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