Sucre, 17 August 2022 (TDI): Bolivian Foreign Minister Rogelio Mayta, held a meeting with the Ambassador of the People’s Republic of China, Huang Yazhong. They discussed the visit of Congressmen from the United States (US) to Taiwan.

Furthermore, two days ago, a US Congressional delegation led by Democratic Senator, Ed Markey arrived in Taiwan. The visit takes place amid military tensions between Washington and Beijing due to the presence of the Speaker of the US House, Nancy Pelosi, in Taiwan.

Remarks of Bolivian Foreign Minister

The Bolivian diplomat stressed that Bolivia has recognized the “one China” policy since 1971. He stated that Bolivia will continue its support to China according to the United Nations resolution 2758, which states that Taiwan is an inalienable part of China.

Also read: Chile reaffirms commitment to one-China

Bilateral Relations between China and Bolivia

China and Bolivia have long-standing amicable ties established in 1985. They maintain close commercial ties in areas of economy, culture, military, transportation, infrastructure, raw commodities, and education.

China is Bolivia’s second-largest trading partner, its largest bilateral creditor, and its main source of imports. Bolivia imported commodities from China for roughly 1.7 billion dollars in 2016. While Bolivia exported items to China worth about 480 million dollars.

In addition, China exports hardware, machinery, light industrial materials, and textiles to Bolivia. While Bolivia exports lumber and mineral ore to China.

Moreover, China contributed $300 million to the establishment of the Bolivian Space Agency and the launch of its first satellite in 2014. China also offers loans, such as one of 67 million dollars, to upgrade the Oruro region’s infrastructure.