01:58
El Salvador has become the latest country to establish bilateral relations with China. In the process, El Salvador has severed so-called diplomatic ties with Taiwan. This leaves Taiwan with only 17 allies around the world. Chinese foreign minister Wang Yi and his Salvadoran counterpart signed a communique in Beijing today. CGTN's Zhao Yunfei has more.
A joint communique establishing diplomatic relations between China and El Salvador. With the two countries agreeing to soon exchange ambassadors, further cooperation is underway.
WANG YI CHINESE FOREIGN MINISTER "History will prove that establishing diplomatic relations with China is in full accordance with the fundamental and long-term interests of the country. Today's development is also in the best interests of the people of El Salvador."
The two countries have agreed to deepen mutual trust, utilize complementary advantages, and cooperate in various fields.
CARLOS CASTANEDA EL SALVADOR FOREIGN MINISTER "Throughout history, El Salvador has struggled. But with today's decision, we hope that we can bring benefits to all of our citizens, hope to everyone and be better prepared for future challenges."
The Republic of El Salvador is the smallest and the most densely populated country in Central America. Historically, agriculture has fueled its economy. But now it has a more diverse economy after liberalizing trade and expanding its manufacturing sector.
For China, having El Salvador as a new friend opens doors in Latin America and the Caribbean. Beijing says it is looking forward to working with El Salvador to collaboratively promote a community of common destiny under the Belt and Road Framework.
ZHAO YUNFEI BEIJING "El Salvador is the 178th country that has built diplomatic ties with China. Another country that recognizes there is one China in the world, a prerequisite for China and any other countries to conduct friendly cooperation. Zhao Yunfei, CGTN, Beijing."