Nicaragua recognizes China, breaks ties with Taiwan. Is a Panama Canal alternative coming soon?
Moderate Rebels
Moderate Rebels
4.7 • 673 Ratings
🗓️ 10 December 2021
⏱️ 34 minutes
🧾️ Download transcript
Summary
Nicaragua's Sandinista government has broken diplomatic ties with Taiwan and recognized the People's Republic of China. We discuss the historic decision and its huge geopolitical implications.
A Chinese company plans to build an inter-oceanic canal in Nicaragua, to challenge the monopoly of the US-dominated Panama Canal.
And the same week, Nicaragua signed agreements strengthening ties with Russia and collaborating on nuclear energy projects.
Transcript
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| 0:00.0 | Today, December 9th, Nicaragua officially cut ties with Taiwan, which is a huge deal. |
| 0:10.1 | This is a very significant decision in Nicaragua. |
| 0:13.7 | Nicaragua, after the Sandinista revolution in 1979, it did recognize the People's Republic |
| 0:19.9 | of China in 1985. |
| 0:21.6 | But then what happened is that when the San Dinas lost power in 1990 and the U.S.-backed right-wing President |
| 0:28.6 | Dioleta Barras de Chamorro from the Chamorro oligarchy, when she took power, she was basically |
| 0:35.6 | just an empty slate who would do whatever the U.S. |
| 0:38.7 | told her to do. The U.S. pressured her immediately in 1990 to break ties with the People's Republic |
| 0:44.3 | of China and to recognize Taiwan. So since 1990, Nicaragua has been one of only a dozen countries |
| 0:51.7 | in the entire world that still recognize Taiwan as an |
| 0:55.2 | independent country. But today, December 9th, Nicaragua officially cut ties with Taiwan, |
| 1:01.9 | officially announced that it only recognizes the People's Republic of China as the only |
| 1:06.9 | representative of China and Taiwan being part of China. And immediately, like two hours after |
| 1:13.8 | this, this was announced at 4.30 p.m. Nicaraguan time. And two hours later, the spokesperson of |
| 1:22.4 | China's foreign ministry, Hua Chun Ying, announced that China is holding talks with Nicaragua. |
| 1:29.1 | So, I mean, this was clearly something planned. |
| 1:31.8 | This is a very big deal. |
| 1:33.8 | And it's also a big deal not only because this is part of the new Cold War. |
| 1:38.1 | And like I said, only a dozen countries in the world recognize Taiwan as an independent |
| 1:43.2 | country. |
| 1:43.8 | But it's also a very big deal because we've seen reports in the world recognize Taiwan as an independent country. But it's also a very big deal |
| 1:46.0 | because we've seen reports in the past few weeks that Nicaragua and this Chinese company are |
... |
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