Bloomberg Surveillance · Friday, September 25, 2026
Paraguay's President Santiago Peña is advocating for Taiwan's inclusion in the UN, highlighting a strong historical relationship and shared values. Despite potential economic benefits from trade with China, Paraguay has chosen to maintain its relationship with Taiwan, citing its own economic success and a desire to learn from Taiwan's model of an open economy and technological advancement. The two nations are collaborating on projects like a data center in Paraguay, leveraging Paraguay's renewable energy and Taiwan's semiconductor expertise.
“I reaffirm our support for the full and meaningful participation of the Republic of China, Taiwan. in the United Nations.”
“In fact, Paraguay not having relations with China is a country which is doing much better than the rest of the countries. We have been growing faster than any other country. Over the last 60 years, Paraguay is the top performer in South America. We have been growing 1,500%.”
“We think that we can join forces and make one of the more strategic alliances in the Western Hemisphere.”