Even as the opposition PUP may be making covert overtures to mainland China, the Barrow administration continues to cozy up to Taiwan.
Minister of State with responsibility for Investment, Trade and Commerce Tracey Taegar Panton is on an official visit to the Asian country, and she's inked an agreement for Belize to enter into a major trade agreement with Taiwan.
Tager Panton and her counterpart, Jong-Chin Shen, Minister of Economic Affairs today signed a Letter of Intent in Taipei to engage in the negotiation of a Partial Scope Agreement to formalize trade relations between the two countries.
Now, any trade agreement between a developing country and a major, industrialized economic power has to be examined closely, and a government release says, quote, "The Letter Of Intent clearly lays out the nature of the agreement as being only partial in its scope of product coverage…….The Letter Of Intent also provides for the finalization, signature and ratification of the PSA and is contingent on a successful outcome of the negotiations, in which Belize's and Taiwan's constraints, interests, development needs and external obligations are adequately considered and addressed." End quote.
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