Panama's Decision to Cut Ties With Taiwan
The reversal may be linked to China’s massive investment in the country.
Panama, one of the few countries to recognize Taiwan’s sovereignty, has cut ties with the island and forged relations with China, adding there there was “only one China” of which Taiwan was a part.
China’s Foreign Ministry, in a the country highly appreciate(s) and warmly welcome(s)” the move. The reaction from Taipei was angry. The Foreign Ministry Panama “caved in to Beijing … for economic gain,” calling the move “highly disrespectful.”
