Category: News

News related to the Sino- Latin American and the Caribbean relationship.

Argentine Minister of Economy secures US$ 1 billion in investments after meetings with companies in China

During his visit to China, Argentina’s Minister of Economy, Sergio Massa, reached significant investment and disbursement agreements with Chinese companies amounting to nearly US$ 1 billion. These funds, expected to arrive on July 15, will bolster the public reserves of the Argentine Central Bank, enhancing the country’s economic stability.

Uruguay and China agree on protocols for export of new products

Uruguay has successfully concluded a three-protocol agreement with China, as announced by Fernando Mattos, the Minister of Livestock, Agriculture, and Fisheries (MGAP). The agreement encompasses the export of live aquatic animals, sport horses, and lemons, along with an intensified cooperation between both countries.

China-Latin America trade growth: opportunities and challenges for the region

Latin America and the Caribbean have emerged as a key destination for Chinese investment abroad, with over 3,000 Chinese companies currently operating in the region. According to the China-CELAC Private Sector Forum, bilateral trade between China and the region witnessed a significant 7.7% growth in 2022, reaching a total of US$485.7 billion.

Peru to optimize the FTA with China

The Minister of Foreign Trade and Tourism of Peru, Juan Carlos Mathews, has announced that the fifth round of negotiations for the optimization of the Free Trade Agreement (FTA) between Peru and China will take place in Beijing from May 30 to June 2. While acknowledging the significant growth in the trade relationship between the two countries, Mathews highlighted the need to address certain areas that are not specified in the current agreement, such as electronic commerce.

Nicaragua and China are close to concluding an FTA to boost bilateral trade

Nicaragua has announced its continued progress in the negotiations of a Free Trade Agreement (FTA) with China, with expectations of finalizing it by August and implementing it in January 2024. The FTA, considered “state of the art” by Nicaraguan Minister of Development, Industry, and Commerce Jesús Bermúdez, covers a wide range of issues.

Bolivia highlights cooperation with China at world summit

President Luis Arce took part in the II World Summit on Trade and Investment Promotion of the China Council for the Promotion of International Trade, held in Beijing. During his speech, he emphasized the importance of cooperation and dialogue in addressing the economic and social challenges that countries face.

Petrobras and China Energy International will explore business opportunities in clean energy

The Brazilian state-owned oil company, Petrobras, has announced the creation of a working group in collaboration with the Chinese state-owned company China Energy International to analyze joint business opportunities in the renewable energy and green hydrogen sectors. Both parties intend to develop these opportunities beginning in the second semester of this year.

The Chinese Embassy accuses the Shen Yun show of being a political tool of the Falun Gong sect

The spokesperson for the Chinese Embassy in Mexico, Ma Zhen, stated that the Shen Yun performance, which took place in Mexico from May 4th to 6th, is considered a political tool against China and a façade for the Falun Gong sect. According to the embassy, Falun Gong seeks to survive overseas and uses the performance to obtain financial resources.

Celebrating the 35th anniversary of Uruguay-China relations

On the occasion of the 35th anniversary of the reestablishment of diplomatic relations between Uruguay and the People’s Republic of China, as well as the 37th anniversary of the Chamber of Commerce, an event was held where former President Julio María Sanguinetti and former Foreign Minister Enrique Iglesias delivered a talk on the historical importance of this event.

Suspension of mining operations in Buriticá following an attack

Mining company Zijin-Continental Gold, based in Buriticá, Antioquia, was the target of an attack with a car bomb that tragically resulted in the loss of two lives and left several injured, including security personnel and employees of the mining company.

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