
Paraguay's Senate has requested a report from the Foreign Ministry as to the reasons for the country's continued diplomatic recognition of Taiwan instead of mainland China. Paraguay is currently the only South American nation to formally recognize Taiwan.

Paraguay's business-friendly ruling party lost fewer seats in Sunday's Senate election, than expected, ensuring strict fiscal policies while lessening chances of a tax hike on the key soy sector. Farmers in the world's No. 4 soybean exporter had feared that the new Senate might approves a measure, defeated last year, that would slap a 10% levy on exports.