11th November 2022

El Salvador and China discuss Free Trade Agreement; confusion over debt

Discussions have already started on a free trade agreement between El Salvador and China. President Nayib Bukele stated that the FTA would help end international isolation and the agreement would be fast tracked to be signed as soon as possible. Meanwhile, Taiwan’s FTA with El Salvador, which had been kept afloat by legal means, has ended. Vice President Félix Ulloa announced that China had offered to buy all of El Salvador’s external debt but the Chinese foreign ministry claimed they were unaware of this offer. El Salvador’s external debt amounts to US$1.6bn.

Photo by Ian Taylor 

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