Paraguay ‘would love’ more China trade, Taiwan still better for development

News Snapshot:

TAIPEI, July 15 (Reuters) - Paraguay "would love" to do more trade with China, but Taiwan offers the best bet for moving the largely agricultural economy up the value chain, the country's president-elect Santiago Pena said on Saturday on a visit to Taipei. Paraguay is the last South American country with formal relations with Taiwan, which China claims as its own territory. Honduras ended decades of ties in favour of Beijing this year, and only 13 countries now recognise Taiwan. Pena pledged during his election campaign to maintain more than six decades of relations with Taiwan despite pressure from Paraguay's...