Paraguay–Taiwan relations as Taiwan's ambassador at the time, and his diplomatic staff, were able to convince the Paraguayans that continuing the relationship with ROC, and thus keeping Taiwan's development assistance and access to Taiwan's markets, would be more advantageous for Paraguay. As the ROC Commercial Attaché at Asunción, Tseng Cheng-te, explained later, "I tried constantly to figure out what we could buy from them. It was very difficult, because they have nothing to offer". Taiwan provided assistance to Paraguay on a number of economic development projects throughout the 1990s, and has extended large loans to Paraguay; as of early 2009, Taiwan's government
History of Paraguay History of Paraguay The history of Paraguay is a result of development and interaction of varying cultures of indigenous peoples in Paraguay and overseas immigrants who together have created the modern-day Paraguay. Paraguay celebrates Independence Day on May 15, from 1811 to now. William E. Barrett wrote: "Paraguay is the country of prophecy. One of the two smallest nations [as of 1952] on the American continent, it was the first American communistic state, the first American nation to be governed by an absolute dictator (in the modern sense of the term)." The first Spaniards reached this territory in early 16th