News

news


Meat exporters want to renegotiate prices in China

Photo: The Argentine Beef Promotion Institute (IPCVA). With the aim of improving prices and consolidating business relationships, Argentine meat exporters will participate in Sial China 2024, one of the most important food sector fairs, which will be held from May 28 to 30 in Shanghai. The Argentine Beef Promotion Institute (IPCVA) will lead the participation with the Argentine Beef Pavilion, the largest in its history with 1,150 square meters. It will feature 31 Argentine exporting companies, including Arrebeef, Azul Natural Beef, Carne Hereford, Carne Vireyes, Catter Meat, Compañía Bernal, Ecocarnes, Friar, Frigorífico General Pico, and many more. Jorge Grimberg, president…

Read more >
Venezuela and China sign agreement for reciprocal promotion of investments

Photo: Venezuela’s vice-presidency X account. Venezuela and China have signed an agreement for the reciprocal promotion and protection of investments. This pact, which establishes a regulatory framework for Chinese companies investing in Venezuela and encourages the participation of Venezuelan companies in China, was announced this Wednesday by Venezuela’s Vice President, Delcy Rodríguez. “We are laying the foundations to boost international trade and develop the engine of Venezuelan foreign trade,” Rodríguez declared during the announcement, accompanied by China’s International Trade Representative, Wang Shouwen. The signing of the agreement is the result of President Nicolás Maduro’s visit to China in the last…

Read more >
Importers purchase U.S. soybeans due to brazilian supply shortage

Photo: Pixabay. In recent days, some Chinese importers have acquired shipments of soybeans from the United States, according to grain traders from Europe and the United States who spoke to Reuters on Tuesday. It is estimated that each shipment consists of around 65,000 metric tons and is scheduled to be shipped in July. According to statements provided by these traders, the two shipments were purchased for July delivery from the Pacific Northwest coast of the United States. These purchases were made on Monday, and it is believed that the buyer is a Chinese state-owned organization aimed at increasing reserves. This…

Read more >
Latin America increases tariffs on Chinese steel

Photo: Pexels. In a sign of growing economic protectionism, various Latin American countries have followed the steps of the United States and Europe by imposing tariffs on steel imports from China, according to analysis compiled by Bloomberg. In recent weeks, Mexico, Chile, and Brazil have increased, and in some cases doubled, tariffs on these products, while Colombia might soon follow suit. This measure seems to contradict the landscape of trade relations that Latin America and China have cultivated in recent years. China has positioned itself as the main buyer of raw materials and a significant investor in the region. Latin…

Read more >
Experts warn of dangers of buying Chinese military equipment

Photo: Pexels. China is intensifying its efforts to expand its influence in Latin America by focusing on the sale of military equipment to countries with which it shares economic and political alignment, according to the magazine Diálogo Américas.  This approach has been criticized by various analysts, who highlight the low quality and recurring technical issues of Chinese military equipment. In the first quarter of 2024, the National Armed Forces of Venezuela received an anti-drone system from China. This system is designed to detect and neutralize drones by interfering with their transmission and control frequencies, according to the Argentine portal Pucará…

Read more >
President of Peru to carry out state visit to China to expand relations

Photo: Flickr. The President of Peru, Dina Boluarte, is preparing an official state visit to China in June with a broad economic agenda, which will include a meeting with her counterpart Xi Jinping. Peru’s Minister of Agrarian Development and Irrigation, Ángel Manero, announced the president’s plan to visit China during a press conference, highlighting the importance of this opportunity to expand the commercial relations between Peru and China. The agenda of the visit will cover 29 points of interest, with the export of Peruvian meat being one of the central issues. It is estimated that this measure could generate between…

Read more >
USA warns Mexico over commercial ties with China

Photo: Wikimedia Commons. This week, the administration of U.S. president Joe Biden announced it will impose a 50% tariff on US$18 billion worth of Chinese products, in a move that escalates tension in its trade war with China. This measure not only aims to protect U.S. interests but also sends a message to Mexico regarding its trade relationship with China. The U.S. Trade Representative, Katherine Tai, expressed concern about the relationship between Mexico and China. Tai warned of possible additional measures to the announced tariffs, indicating a concerning pattern in the commercial relationship between the two countries. The primary focus…

Read more >
Chinese auto manufacturer BYD to develop pilot project in Colombia

Photo: Wikimedia Commons. Chinese electric vehicle manufacturer BYD revealed it has plans for Colombia with the implementation of its pilot project for assembling electric buses. The company, the world’s largest electric car manufacturer, is set to participate in the bidding for electric buses destined for us in the public transport system known as Transmilenio in the city of Bogotá. BYD will seek to assemble buses in the country in partnership with Hino, a Japanese manufacturer of commercial vehicles. According to Lara Zhang, Regional Manager of BYD Colombia, this initiative represents a second phase of the project initiated with the company…

Read more >
Panama dismantles network of Chinese migrant trafficking

Photo: Attorney General’s Office. The Special Prosecutor’s Office against Organized Crime in Panama has dismantled a network involved in the trafficking of Chinese migrants and money laundering. The operation, dubbed “Asia,” has led to the arrest of five individuals allegedly involved in money laundering, following an exhaustive investigation conducted in the provinces of Bocas del Toro, Coclé, and Panama. According to official reports, the criminal network is believed to have laundered at least US$2 million, obtained illegally through the trafficking of migrants from China. Migrants were recruited through Chinese social media platforms and, upon arrival in Panama, primarily engaged in…

Read more >
Venezuela and China strike agreements in different fields

Photo: In the quest to strengthen cooperation between Venezuela and the People’s Republic of China, Venezuelan president Nicolás Maduro received a Chinese delegation led by Yang Hongtao, Secretary of the Municipal Committee of Tai’an of the Communist Party of China, this Monday. In addition to strengthening economic and trade ties, the meeting between President Maduro and Secretary Yang Hongtao addressed issues related to the social and human development of both countries. Initiatives to modernize the electricity sector, build infrastructure, promote technological innovation, and collaborate in the field of health were discussed. One of the most recent agreements in this bilateral…

Read more >
EE.UU. warns about Mexican cartels and China as responsible for drug crisis

Photo: Picryl. In its 2024 National Drug Threat Assessment, the United States Drug Enforcement Administration (DEA) has emphasized the seriousness of the current narcotics crisis, identifying Mexican cartels from Sinaloa and Jalisco, as well as China, as the main culprits. The report highlights a “dangerous shift” in the drug landscape, moving from plant-based to synthetic drugs, which has triggered “the most dangerous and deadly drug crisis the United States has ever faced,” according to Anne Milgram, head of the DEA. Fentanyl and methamphetamine, synthetic drugs, are identified as the main causes of almost all drug-related deaths in the country, claiming…

Read more >
China increases its presence in Central America

Photo: Wikimedia Commons. The report by Evan Ellis, published by Infobae, outlines the focus of China’s advance in Central America, highlighting Nicaragua, Honduras and El Salvador, a direction that is redefining geopolitical and economic dynamics in the region. In Nicaragua, the authoritarian regime of Daniel Ortega has facilitated China’s entry into the country, allowing massive infrastructure projects and mining operations, reflecting a deep Chinese engagement in the Nicaraguan economy and politics. In Honduras, the government of Xiomara Castro is seeking an even closer partnership with China, with planned investments in infrastructure, such as the inter-oceanic corridor, and improvements to the…

Read more >
Former mayor of Bogotá summoned for alleged corruption in the Bogotá Metro

Photo: Fundación ProBogotá – Flickr. The Office of the Attorney General summoned the former mayor of Bogotá, Claudia López, for questioning in relation to an investigation into alleged acts of corruption and illegal financing of a political campaign. This case focuses on possible irregularities in the financing of the metro project in Bogotá and the alleged illegal financing of Senator Angélica Lozano’s campaign, from the Green Party and Claudia López’s wife. The investigation became public last September when Semana magazine revealed fragments of the Prosecutor’s investigation. Claudia López responded then, describing the investigation as an attempt to defame her, her…

Read more >
Nicaragua suspends Interoceanic Canal construction concession to Chinese company

Photo: Flickr. The National Assembly of Nicaragua repealed last Wednesday, May 8, a law that regulated the planning, construction and management of an inter-oceanic waterway, which would compete with the Panama Canal and which had been granted to the Chinese group Hong Kong Nicaragua Canal Development Investment Co. Limited (HKND Group), owned by Chinese businessman Wang Jing. Law 840 of 2013 had granted HKND Group the management planning of this canal for 50 years extendable in exchange for a payment of US$10 million each year during the first decade, as well as a right to 1% of the subproject equity…

Read more >
New maritime route inaugurated between the Chinese city of Tianjin and Rio de Janeiro in Brazil

Photo: Enterprising China account on X. Chinese shipping line Cosco has established a new shipping route between Tianjin, China, and Rio de Janeiro, Brazil. This route, which was recently inaugurated, will be operated by a fleet of twelve Cosco vessels, each with the capacity to carry up to 14,000 standard containers. The main objective of this route is to significantly reduce cargo delivery time from 54 to 40 days, representing a substantial improvement in shipping efficiency between the two countries. The route is designed to offer weekly departures from the major port of Tianjin, located about 170 kilometers from Beijing,…

Read more >
Free Trade Agreement between China and Ecuador comes into effect

The FTA extends to a wide range of products, from chocolate and cocoa powder to tuna, heart of palm, and jams, among others. Photo: Pixabay. This May 1st marked the beginning of a new stage in the trade relations between Ecuador and China with the entry into force of the Free Trade Agreement (FTA) between both countries. This historic agreement, Ecuador’s first with an Asian nation, represents a significant milestone that promises to transform the economic landscape of the South American country. The FTA offers Ecuador privileged access to the vast Chinese market, comprised of approximately 1.4 billion consumers eager…

Read more >
Honduras unable to export shrimp to China despite agreement 

Photo: Pexels. The Honduran shrimp sector is facing a growing concern following complications regarding the exporting of shrimp to China, despite having signed an agreement earlier this year precisely for the export of said product to the Chinese market.  Despite this agreement, the Central American country has still not been able to export a single pound of shrimp to China, according to the executive director of the National Shrimp Farming Association (Andah). Javier Amador, expressed his concern about the lack of progress in opening new markets and highlighted the marked difference that has been noticed since the termination of the Free…

Read more >