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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Honduras will begin trade discussions with China “soon” as relations grow.

Honduras Foreign Minister Eduardo Enrique Reina observes national anthems with his Chinese counterpa... Honduras Foreign Minister Eduardo Enrique Reina observes national anthems with his Chinese counterpart during a ceremony establishing diplomatic relations between the two countries, at the Diaoyutai State Guesthouse in Beijing, China March 26, 2023. Greg Baker/Pool via REUTERS
Honduras Foreign Minister Eduardo Enrique Reina observes national anthems with his Chinese counterpa... Honduras Foreign Minister Eduardo Enrique Reina observes national anthems with his Chinese counterpart during a ceremony establishing diplomatic relations between the two countries, at the Diaoyutai State Guesthouse in Beijing, China March 26, 2023. Greg Baker/Pool via REUTERS

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Honduras’ senior diplomat announced that discussions for a trade pact with China would begin soon.

At a press briefing, Honduran Foreign Minister Eduardo Enrique Reina said the goal is to start discussions “soon” and sign a “free trade” agreement with Asia’s second-largest economy.

Reina thought it would be wonderful news and provide China access to our products.

After President Xiomara Castro sought investment and jobs from China, Honduras terminated its decades-long diplomatic recognition of Taiwan in late March.

Reina said Honduran coffee would be the first export to the enormous Chinese market, and both countries are also considering shrimp and melon shipments.

Honduras grows coffee.

Reina said China wants Honduran beef, bananas, and other things.

In April, the envoy said Honduras hopes to secure debt relief arrangements with China using financial institutions from its new partner.


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