Taiwan courts bank to loosen China diplomatic squeeze, sources say

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TAIPEI (BLOOMBERG) - Taiwan is studying a bid to host a top meeting of Central America's main regional bank, according to people with knowledge of the matter, in the self-ruled island's latest effort to break China's diplomatic squeeze.. Read more at straitstimes.com.

TAIPEI - Taiwan is studying a bid to host a top meeting of Central America's main regional bank, according to people with knowledge of the matter, in the self-ruled island's latest effort to break China's diplomatic squeeze.

A decision to host the board meeting in Taiwan could prompt an angry response from China, which has increased pressure on countries and multinational companies to avoid any actions that could imply sovereign status for the island. China is also in talks with members of CABEI to join the organisation, with one of its main conditions that the bank drop its recognition of Taiwan as a separate nation, the people said.

Latin American and Caribbean nations have long been a stronghold of diplomatic support for Taiwan, favoring official ties with the island over mainland China.

 

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