Author: Fundación Andrés Bello

Honduras and China will negotiate a Free Trade Agreement

After establishing diplomatic relations, Honduras announced that it will soon initiate negotiations for a free trade agreement with China. “We will soon begin negotiations for a free trade agreement with China, which will also be good news and opportunities for access to our products,” stated Enrique Reina, the Honduran Foreign Minister.

Ecuador and China sign a historic Free Trade Agreement

The Free Trade Agreement (FTA) between Ecuador and China will be signed this week, marking the most significant trade agreement during the government of Guillermo Lasso. Although the agreement covers the liberalization of trade in goods and includes topics such as rules of origin, sanitary and phytosanitary measures, investment cooperation, and e-commerce, it does not include labor or environmental aspects.

Mexico surpasses China as the largest supplier of goods to the United States

China was surpassed by Mexico as the largest supplier of goods to the United States in the first three months of 2023. According to the United States Census Bureau, the country imported goods from Mexico worth $115.5 billion in the period from January to March, representing 15.4% of its total imports, a figure that marked a historical record.

China and Brazil strengthen their partnership with new bilateral agreements

China and Brazil have strengthened their ties with the signing of 15 cooperation agreements covering various areas such as trade, technology, and communications. These agreements, sealed during talks between Presidents Xi Jinping and Luiz Inácio Lula da Silva, reinforce the comprehensive strategic partnership between the two countries and are part of China’s Belt and Road Initiative.

Record trade between China and Latin America reveals economic challenges for the region

The economic relationship between China and Latin America is undergoing significant changes, according to a report from the Center for Global Development Policy at Boston University. Latin American governments are strengthening ties with China through trade agreements, supply chain investments, and financing projects. Although trade between the two regions has reached record levels, Latin America faces a significant trade deficit with China, posing an economic challenge for the region.

Chinese donation of equipment to the National Institute of Hydraulic Resources in Cuba

The People’s Republic of China has donated 449 pieces of equipment to Cuba for use in hydraulic construction activities. The donation encompasses a wide range of activities and includes over 30 types of devices.

Chinese infrastructure projects in Latin America face challenges and criticism

The relationship between China and Latin America has evolved from a focus on raw materials to integration in logistics and value chains. However, infrastructure projects led by China in the region have faced difficulties and challenges, including labor, environmental, and quality issues. Despite this, most Chinese companies have managed to overcome these obstacles and continue to participate in investment transactions and infrastructure projects.

Uruguay and China sign a memorandum to increase investment and economic cooperation

The Uruguayan Ministry of Foreign Affairs has announced through a statement that Uruguay and China have signed a memorandum to increase investments and economic cooperation between the two countries, while parallel negotiations for a Free Trade Agreement (FTA) continue.

Geopolitical tension: Bolivia seeks to industrialize lithium with the backing of China amid concerns from the United States

The dispute over lithium and its industrialization has generated tensions between China, the United States, and Latin American countries. Bolivia seeks to collaborate with China in industrializing its lithium deposits, which has raised concerns in the United States. China, as the leading consumer and manufacturer of lithium batteries, is intended to secure its supply and has formed alliances with lithium-rich countries such as Chile, Argentina, and Bolivia.

Taiwan accuses China of snatching its alliance with Paraguay ahead of the presidential elections

The Taiwanese Deputy Minister of Foreign Affairs, Alexander Yui, stated that China is doing everything possible to “snatch” Paraguay away from Taiwan in light of the upcoming general elections scheduled for April 30th. During a parliamentary hearing, the official expressed, “It is a fact that China has been openly courting candidates from all parties,” as quoted by the official agency CNA.
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