LatinNews Daily - 12 April 2023

In brief: Honduras and China discuss trade and investment

* Honduras’s Foreign Minister Eduardo Enrique Reina has held a first working meeting with a Chinese delegation headed up by Yu Bo, a counsellor to the Chinese government, aimed at advancing bilateral relations, particularly in issues of trade, agriculture, investment, oil exports, and opportunities for Honduran producers and Chinese investors. Reina said that the two were working on drawing up proposals for agreements regarding cooperation and trade in various areas, prioritising the export of products like prawns, lobster, melon, coffee, and sea cucumbers, among other products widely consumed in China. Also attended by Honduras’s economic development minister, Pedro Barquero, and agriculture & livestock minister, Laura Suazo, the meeting comes less than a month after the two countries formally established relations after Honduras broke ties with Taiwan. According to Honduras’s foreign ministry, the meeting produced the agreement that a Honduran business delegation would visit China with the objective of understanding and exchanging experiences in trade and economic issues with the China Council for the Promotion of International Trade, a trade body affiliated with China’s trade ministry. Suazo said that priority issues for further discussion include agriculture, research, innovation, and development, as well as the acquisition of machinery and equipment to industrialise production and to implement new technologies, among other things.

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