Paraguay is the only South American country that recognizes Taiwan diplomatically, and one of just 13 around the world.
China considers self-ruled democratic Taiwan as a part of its territory, to be retaken one day.
Under its 'One China' policy, it does not allow countries to recognize both Beijing and Taipei.
"We have no problem relating to mainland China as long as it is without conditions," Ramirez said Friday, three days after Paraguay President Santiago Pena was inaugurated.
"And China establishes conditions, such as breaking diplomatic relations with Taiwan, and Paraguay does not accept that," added Ramirez, an economist who previously served as foreign minister from 2006 to 2008.
"The relationship with Taiwan is not only based on tradition, but on institutional democratic values," he said.
Taiwan's vice-president William Lai, the frontrunner in the island's presidential election next year and a vocal opponent of Beijing's claims to the island, was present at Pena's inauguration ceremony last Tuesday.
Lai made two stopovers in the United States -- in New York en route to Paraguay and in San Francisco when returning to Taipei -- that enraged Beijing.
Latin America has been a key diplomatic battleground for China and Taiwan since the two split in 1949 after a civil war.
In March, Honduras became the latest country to cut diplomatic ties with Taiwan in favor of Beijing.
- Israel and Venezuela embassies -
Ramirez also said he would move to normalize Paraguay's relations with Israel and Venezuela.
Paraguay is preparing to reopen embassies in Jerusalem and Caracas, he said.
Paraguay moved its embassy from Tel Aviv to Jerusalem in May 2018.
But after then President Mario Abdo took office a few months later, the embassy was moved back to Tel Aviv, angering Israel which reacted by closing its embassy in Asuncion.
Paraguay broke off relations with Venezuela in January 2019, in rejection of the swearing-in as president of Nicolas Maduro.
At the time, most Latin American countries, as well as the United States and the European Union, did not recognize the validity of the elections in which Maduro had been reelected.
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