IBOV 206,495.23 ▼ 0.86% IPSA 10,985.55 ▲ 0.54% IPC MEX 70,249.54 ▲ 1.43% MERVAL 3,017,221 — — COLCAP 2,560.37 ▲ 1.07% BVL PERÚ 59,870.67 ▼ 0.52% USD/BRL5.03▲ 0.08% USD/MXN18.79▲ 0.55% USD/CLP981.07▲ 0.65% USD/COP3,191▲ 0.34% USD/PEN3.43▼ 0.07% USD/ARS1,526▼ 0.02% USD/UYU40.08▲ 3.15% USD/PYG5,727▲ 3.18% USD/BOB11.68▲ 3.22% USD/DOP61.18▲ 0.13% USD/CRC450.09▲ 2.37% USD/GTQ7.64▲ 3.21% USD/HNL26.86▲ 3.38% USD/NIO36.62▲ 0.04% USD/VES882.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 2.14% EUR/BRL5.65▲ 0.27% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 206,495.23 ▼ 0.86% IPSA 10,985.55 ▲ 0.54% IPC MEX 70,249.54 ▲ 1.43% MERVAL 3,017,221 — — COLCAP 2,560.37 ▲ 1.07% BVL PERÚ 59,870.67 ▼ 0.52% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Thursday, October 22, 2026

Eswatini Africa

Eswatini Taiwan Trade Tips Offered 21 Oct

By · October 22, 2026 · 6 min read
Houses and roads spread across dry hills around Mbabane, the capital of Eswatini, under a cloudy sky
Mbabane, the capital of Eswatini, seen from a hillside. File photo, 2011. (Photo: Athena Lao, CC BY 2.0, via Wikimedia Commons)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

ESWATINI · TRADE

Key Facts

  • —The country Eswatini is a small kingdom between South Africa and Mozambique, ruled by King Mswati III, and the only African country that recognises Taiwan.
  • —What happened Luo Wen-jia, secretary-general of Taiwan’s Straits Exchange Foundation, told journalists in Taipei how Taiwan spots Chinese trade pressure, the Times of Eswatini reported on Wednesday 21 October 2026.
  • —Why it matters China cut tariffs for 53 African countries but left Eswatini out because of its Taiwan ties, so Eswatini Taiwan trade is a test of resilience.
  • —The trade Eswatini sugar, citrus and beef enter Taiwan duty free, while Taiwan sells Eswatini machinery, textiles and technology and keeps a trade surplus.
  • —The numbers Two-way trade stood at US$8.19 million, 8% above its 2017 level, according to a Taiwan-Eswatini economic conference held in July 2024.
  • —What it means for you Beijing uses market access as pressure on a tiny Taiwan ally, a risk that US companies with Asian suppliers watch closely.
  • —Still open No figure shows what Eswatini has lost from China’s tariff exclusion, or whether Taiwan’s early-warning tools will reach Eswatini’s government.

Eswatini could draw on Taiwan’s experience of Chinese trade pressure, a Taiwanese official said, which ties Eswatini Taiwan trade to a wider Beijing contest. Luo Wen-jia of the Straits Exchange Foundation spoke to visiting international journalists in Taipei, the Times of Eswatini reported on Wednesday 21 October 2026.

For US readers, the story shows how China uses access to its market against countries that keep ties with Taiwan. Eswatini, a kingdom of farmers and sugar mills, is the only African country in that position.

What Taiwan’s Foundation Told Eswatini

The Straits Exchange Foundation, known as the SEF, is a semi-official Taiwanese body that handles contacts with mainland China and supports Taiwanese businesses. Luo is its secretary-general, and he spoke after a delegation of international journalists, including the Times of Eswatini, visited Taipei.

Asked how Taiwan tracks Beijing’s trade restrictions and import bans, Luo said the foundation’s links with companies give it early warning. In his words, “our service channels for Taiwanese businesses allow us to pick up early signals when companies come under policy-driven pressure.”

How Taiwan Spots Trade Pressure Early

Luo said regular meetings with business owners and industry associations help the foundation monitor changes in supply chains, shifting orders and market conditions. The Times of Eswatini said such early signs of pressure could help Eswatini understand how trade disruptions hit its exporters.

The foundation also helps firms spread their risk by linking them with Taiwan’s Ministry of Economic Affairs, the trade agency TAITRA and regional business networks. Luo hoped wider international dialogue would help countries under outside economic pressure learn how to respond.

Why Eswatini Is Listening

Eswatini has recognised Taiwan rather than China since 1968, making it Taiwan’s last diplomatic partner in Africa. That gives Eswatini Taiwan trade a political edge, and it is one of only 12 governments with formal ties to Taipei.

In early May, China cut tariffs for 53 African countries but excluded Eswatini over its Taiwan ties, the Eswatini Observer reported on Tuesday 5 May. Analyst Petros Qambukusa Magagula said Beijing wants Eswatini to drop Taiwan and urged the kingdom to weigh its answer carefully.

Swazi Plaza complex in Mbabane with a multi-storey car park, a raised walkway and a loading zone sign
The Swazi Plaza shopping complex in Mbabane, Eswatini’s administrative capital. File photo, 2020. (Photo: Bakhile, CC BY-SA 4.0, via Wikimedia Commons)

What Eswatini and Taiwan Trade

Eswatini sells Taiwan sugar, citrus fruit and beef duty free, and buys industrial machinery, textiles and technology back, leaving Taiwan with a trade surplus. Eswatini is also courting other investors, including for an airport zone targeting 20,000 jobs.

Eswatini Taiwan trade stood at US$8.19 million, 8% above 2017, according to a July 2024 conference cited by the Eswatini Observer in August 2025. The same report said Eswatini’s exports to Taiwan rose by more than 29% over that period.

What the King’s Taipei Visit Added

King Mswati III made a state visit to Taiwan in mid-October and met President Lai Ching-te, the Eswatini Observer reported on Wednesday 14 October. He called the 58-year partnership strategic and said it must now deliver faster industrial growth, skills and jobs.

He pointed to a planned Taiwan Industrial and Innovation Park costing E6 billion (about US$366 million at 16.37 emalangeni to the dollar). On Thursday 15 October the paper added that talks are under way on a jobs agreement beyond English teaching.

What It Means for US Readers

Eswatini shows in miniature how Beijing rewards and punishes trading partners, a pattern that matters to US companies with factories and suppliers in Asia. Taiwan’s habit of tracking orders and customs signals is a model for firms exposed to Chinese policy swings.

The case also bears on US policy toward Taiwan, whose dozen remaining diplomatic partners are small states under steady pressure. Any further loss of an ally would change how Washington and Taipei talk about Eswatini Taiwan trade and similar ties.

What Is Not Known

No public figure shows how much Eswatini’s exporters have lost since China excluded the kingdom from its tariff cut. The Times of Eswatini report does not say whether the foundation will give its tools or data to Eswatini’s government.

The value of Eswatini Taiwan trade in sugar, citrus and beef for 2025 and 2026 has not been published. It is also unclear whether Beijing plans further steps against Eswatini, or when the expanded jobs agreement will be signed.

Frequently Asked Questions

What did Taiwan offer Eswatini?

Taiwan’s Straits Exchange Foundation told journalists how it spots Chinese trade pressure early, and the Times of Eswatini said Eswatini could learn from it. The newspaper reported the remarks on Wednesday 21 October 2026.

What is the Straits Exchange Foundation?

It is a semi-official Taiwanese organisation that manages practical contacts with mainland China and supports Taiwanese businesses. Luo Wen-jia is its secretary-general.

Why is Eswatini under trade pressure from China?

Eswatini is the only African country that recognises Taiwan instead of China. China left it out of a tariff cut for 53 African countries in early May.

What does Eswatini sell to Taiwan?

Eswatini ships sugar, citrus fruit and beef to Taiwan, and they enter duty free. Taiwan sells Eswatini machinery, textiles and technology.

How big is Eswatini Taiwan trade?

Two-way trade was US$8.19 million, 8% above the 2017 level, according to a conference held in July 2024. Taiwan sells more to Eswatini than it buys.

Sources: Times of Eswatini, Taiwan offers Eswatini insights on trade risks, 21 October 2026; Eswatini Observer, Ingwenyama hails Taiwan, Eswatini relations, 14 October 2026; Eswatini Observer, More Taiwan jobs for Emaswati under consideration, 15 October 2026; Eswatini Observer, Nothing wrong with maintaining relationship with Taiwan, 5 May 2026; Eswatini Observer, Eswatini food producers invited to exhibit at Kaohsiung Food Show 2025, 20 August 2025.


The Big Picture

Africa: The New Scramble — why the world’s powers are competing for the continent

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.

Africa Intelligence

One email, every weekday morning. African markets, politics and business — filed from our newsroom in Rio.

Yesterday’s subject line: “Nigeria isolates fever case from Uganda, tracks 44”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.