MARKET DEVELOPMENT
El Salvador's supreme court suspends cancellation of Taiwan trade accord
El Salvador's supreme court suspends cancellation of Taiwan trade accord
Reuters (14/03/2019) - SAN SALVADOR (Reuters) - El Salvador’s supreme court on Wednesday temporarily suspended the cancellation of a free trade agreement with Taiwan, weeks after political outsider Nayib Bukele was elected as the Central American nation’s next president.
The United States in August criticized El Salvador’s decision to ditch diplomatic ties with Taiwan in favour of China, saying the change was of grave concern to Washington.