中외교부 “중국-파나마 수교로 양국관계 새 장 열었다”
The Panama government pledged to end all diplomatic and commercial ties with Taiwan.
The joint statement is consistent with Beijing’s “One China” policy, which consider Taiwan a territory of the Asian giant, not a sovereign nation.
Beijing being the biggest client of the Panama Canal… is likely to have been a key contributing factor in the decision.
The Taiwanese government expressed anger and regret over the announcement as Panama was one of its oldest allies.
Taiwan is now left with diplomatic ties to just 20 countries.