Bulletins and News Discussion from March 25th to March 31st, 2024 - Friendship Ended With Taiwan, Now China Is My New Best Friend - COTW: Honduras
Bulletins and News Discussion from March 25th to March 31st, 2024 - Friendship Ended With Taiwan, Now China Is My New Best Friend - COTW: Honduras
Image is from this Reuters article.
This week marks the one year anniversary of Honduras ceasing to recognize Taiwan and instead only recognizing China. Over that time period, China and Honduras have gone through several rounds of negotiating a free trade agreement, with trade expanding. Additionally, they have just signed a $275 million cooperation agreement, providing education infrastructure for Honduras.
The other major news piece relevant to Honduras is the battle against Prospera, a US-based crypto libertarian firm that sought to buy a private island in order to create an ancap paradise, in which Bitcoin would be legal tender. In 2022, Honduras killed the island's special status that made the deal possible, and so Prospera is seeking $11 billion in compensation.
The COTW (Country of the Week) label is designed to spur discussion and debate about a specific country every week in order to help the community gain greater understanding of the domestic situation of often-understudied nations. If you've wanted to talk about the country or share your experiences, but have never found a relevant place to do so, now is your chance! However, don't worry - this is still a general news megathread where you can post about ongoing events from any country.
The Country of the Week is Honduras! Feel free to chime in with books, essays, longform articles, even stories and anecdotes or rants. More detail here.
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Last week's thread is here.