But China's help and assistance have strings of personal intention, and the benefits attached to it are something that the recipients of the Pacific region are yet to discover. It is believed that China will soon surpass the biggest donor to the region, Australia, as an outcome of its promise to donate four times what Australia has done. Important ExamsĪnd Beijing enjoyed an upper hand in its competition with Taiwan for its UN leverage. It is important to understand here that the donor nations aim to gain the support of international organizations by establishing diplomatic recognition in the Pacific region. This continued dependence of the pacific nations has exposed its vulnerability to the two Asian economic giants, with Beijing and Taiwan each trying to gain diplomatic recognition. The Pacific island nations are the most aid-dependent economies due to multiple factors. And the engagement continues to date, with China extending substantial support to the Pacific nation in their drive to fight against Coronavirus. Chequebook Diplomacy has been a key component of diplomacy, with Chinese and Taiwan each engaging in a lengthy process of strengthening diplomatic recognition in the region since 1970. The Pacific is the region most marked by this Chequebook Diplomacy incident. Chequebook Diplomacy lies between these extremes, whereby states seek diplomatic gains in return for financial aid and developmental funding. These tools can range from force and coercion to relationship-building techniques in the form of reciprocal advantages and better cooperation. It is a fact that states use different tools to gain influence and project power over their target regions. However, there are significant risks to our forecast, given that the Haitian government is seriously strapped for cash.Chequebook Diplomacy, or Checkbook diplomacy, however you spell it, is a term used to describe a foreign policy in which countries exchange economic aid and investments to realize some diplomatic favour. We do not expect Haiti to switch to the one-China principle in 2019-20, as this would jeopardise its alignment with the US. We expect that this support would help to address some underlying causes of social protests, including a lack of employment opportunities, but we do not believe that the government will be able to quell social unrest in 2019-20. Should Haiti recognise China, we expect this move to be swiftly followed by a number of loan agreements and planned investments, largely involving Chinese firms. Establishing diplomatic relations with Haiti would therefore be a positive political development for China. Since 2016 El Salvador, Panama and the Dominican Republic have recognised China, leaving only eight countries in Latin America and the Caribbean (including Haiti) that still recognise Taiwan. Most recently, the Solomon Islands voted on September 16th to switch diplomatic recognition to China Taiwan is now recognised by only 16 countries. China has stepped up this initiative since a pro-independence candidate, Tsai Ing-wen, was elected as Taiwan's president in 2016.
The Chinese government has long sought to weaken Taiwan diplomatically by encouraging countries to switch their recognition to China in return for economic and financial assistance. To date, Haiti has recognised Taiwan as a separate country and therefore does not have formal, bilateral relations with China. Chinese financing could provide a valuable new revenue source, which could enable Mr Moïse to restart his stalled infrastructure development programme and boost economic activity. Economic growth is slowing as a result of rising import costs, as well as ongoing protest action and a slowdown in international aid.
The president, Jovenel Moïse, may consider switching diplomatic recognition from Taiwan to China, given Haiti's straitened financial situation. Interest-free financing would be an attractive prospect for Haiti, which has historically struggled to raise finance.
However, it noted that this would be on the condition that the Haitian government accepted the "one-China principle", supporting the view that Taiwan is part of China. In an interview with the Haitian media in September, China's commercial development office in Haiti announced that the Chinese government was prepared to offer interest-free concessional loans.
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