news
China and Honduras make positive progress in free trade agreement negotiations between the two countries
On July 7th, the Chinese government convened in Tegucigalpa, Honduras, with the aim of strengthening the negotiations for a Free Trade Agreement between the two countries. This meeting was prompted by the severance of diplomatic relations between Honduras and Taiwan.
Brazil faces obstacles to entering China with 70,000 tons of beef shipped
Following Brazil’s report of atypical cases of Bovine Spongiform Encephalopathy in February, the country is now facing a challenging situation with 70,000 tons of meat products being unable to enter Chinese ports.
President of Paraguay strengthens ties with Taiwan during visit to Taipei
Santiago Peña, the President-elect of Paraguay, who will assume the highest office in the country from next August, traveled to Taipei to meet with Tsai Ing-wen, the current President of Taiwan.
Nicaragua participates in global development forum held in China
A delegation from Nicaragua attended a high-level development conference in China, organized by the China Cooperation Agency. Key members of the Nicaraguan administration represented the country. The presidential advisor for investment, trade, and international cooperation, along with the Minister of Finance and Public Credit, met with Lou Zhaouhui, the president of the hosting agency, to strengthen ties.
China and Russia seek lithium exploitation opportunities in Bolivia
The state-owned company “Yacimientos de Litio Bolivianos” (YLB) has signed an agreement worth 1.435 billion dollars with the Chinese giant Citic Guoan and Russia’s Uranium One Group. They aim to produce and export approximately 50,000 tons of lithium per year starting from 2025.
Concern over the installation of a Chinese espionage base in Cuba
Latin America is on alert due to the alleged recent installation of a Chinese espionage base in Cuba. This has sparked concerns in the region about potential implications for security and geopolitical balance, given the ideological proximity of most Latin American countries to the United States.
China-Colombia Relations: China seeks to strengthen collaboration with Latin American country
As reported in the article by Sabinna Nicholls, China’s presence in Latin America’s economy has grown significantly in recent decades, with the country emerging as a major player. In just one year, China’s direct investment in Colombia tripled, going from USD $84 million in 2021 to USD $266 million by the end of 2022, as reported by the Banco de la República de Colombia (BRC).
Colombia could be affected by the new dynamics of the trade war between China and the U.S.
The United States and China announce trade measures that could impact global supply chains and have repercussions on the configuration of the world economy, including Colombia. Tensions between these countries have escalated with economic sanctions and retaliatory trade measures between them.
Slight growth in Argentina’s economy with China as its main ally
Amidst the scarcity of dollars, Argentina is exploring alternatives to pay for imports. One of these solutions involves reaching an agreement with China to pay for technological components in yuan. This move aims to avoid shortages of parts for the Argentine industry and also extends China’s influence in Latin America.
Thirty Chinese migrants rescued in their attempt to cross from Colombia to Panama
On July 4th, the Colombian Navy rescued 30 Chinese migrants, 4 women, and 26 men near Cabo Tiburón in the department of Chocó. This happened as they were attempting to cross into Panama. The suspicious vessel was intercepted by Colombian authorities in the Gulf of Urabá. The Chinese citizens were placed under the custody of the Migration Colombia office.
Bogotá Metro: Chinese consortium argues unconsidered variables and will appeal the penalty
The Chinese consortium responsible for the construction of the first line of the Bogotá Metro has announced that it will appeal the penalty imposed by the district, which amounts to 812 million pesos due to delays in the delivery of detailed designs.
Cuban medicine for pancreatic cancer receives approval from China
China’s National Medical Products Administration, the main regulatory body in the sector, has approved the commercialization and use of the Cuban humanized monoclonal antibody Nimotuzumab for the treatment of pancreatic cancer. The decision is based on positive results from clinical studies, the drug’s efficacy in inhibiting the growth of malignant cells, and its successful use since 1998 in Cuba and other countries.
Perú and China strengthen their relationship as strategic partners in various bilateral aspects
Various aspects related to commercial cooperation between Peru and China were highlighted during an event at the Peruvian Congress. The meeting, led by congresswoman Silvia Monteza Facho and with the participation of Chinese Ambassador Song Yang, emphasized the longstanding cultural and economic exchange between the two countries.
Chinese brands lead the Peruvian automotive market with a 20.1% market share: Changan stands out as the leader.
Chinese brands are making significant strides in the Peruvian automotive market, capturing a 20.1% share of light vehicle sales between January and May 2023. Leading the pack is Changan, which has emerged as the standout player, selling 3,957 units during this period and commanding a 5.4% market share. Notably, Changan has witnessed an impressive growth of +64.5% compared to the previous year.Chinese brands are making significant strides in the Peruvian automotive market, capturing a 20.1% share of light vehicle sales between January and May 2023. Leading the pack is Changan, which has emerged as the standout player, selling 3,957 units…
China manufactures renewable energy train for Argentina
One of China’s leading high-speed train manufacturers, CRRC Tangshan Co., has successfully manufactured the first renewable energy light rail train for Argentina. The train will be used in the transportation system of the Jujuy province in Argentina as part of the country’s railway modernization plan.
Bolivia and Chinese Consortium agree to increase investment to millions of dollars for lithium projects
According to information from the Ministry of Hydrocarbons and Energy of Bolivia, the Chinese consortium Catl Brunp & CMOC (CBC) has increased its investment commitment to $1.4 billion for the construction of two lithium production plants in the Uyuni and Coipasa salt flats. This investment marks a milestone in Bolivia’s energy history and solidifies the country as a reference in lithium industrialization.
China will install a spy base in Cuba according to the Wall Street Journal
The regimes of China and Cuba have reportedly signed an agreement to build a large spy center on the Central American island, raising concerns in the United States over the potential expansion of Chinese intelligence activities in the region.
Venezuela and China strengthen cooperation in infrastructure projects
The Venezuelan government actively participated in the 14th Forum on Infrastructure and Construction Investment in China, aiming to attract new investments to the sector. Led by Minister of Transportation Ramón Velásquez, the Venezuelan delegation engaged with representatives from over 60 countries and leading construction companies. The Venezuelan government actively participated in the 14th Forum on Infrastructure and Construction Investment in China, aiming to attract new investments to the sector. Led by Minister of Transportation Ramón Velásquez, the Venezuelan delegation engaged with representatives from over 60 countries and leading construction companies.
Xiomara Castro lands in Shanghai following the inauguration of China’s embassy in Honduras
China inaugurated its embassy in Honduras following the establishment of diplomatic relations in March, while also announcing that Honduran President Xiomara Castro will travel to Beijing. The opening ceremony took place in a hotel ballroom in Tegucigalpa, as Beijing has not yet determined the location for its diplomatic mission. Likewise, Honduras has not determined the location of its embassy in Beijing.
China advances in its commitment to boosting the railway sector in Argentina
During a working tour in China, Argentina’s Minister of Transportation, Diego Giuliano, made significant progress in enhancing the country’s railway sector. Agreements were signed for future investments in the railway field, with particular emphasis on the Belgrano Cargas Railway Rehabilitation Project. This project, which involves an investment of $816 million, aims to acquire new wagons, locomotives, and repair existing vehicles.
Peru to expand its presence in the Chinese agricultural market
The Minister of Agricultural Development and Irrigation, Nelly Paredes del Catillo, held a meeting with her Chinese counterpart, Tan Renjian, the Minister of Agriculture and Rural Affairs of the People’s Republic of China. During the meeting, they discussed matters of mutual interest and emphasized the need to strengthen the trade ties between the two countries.
Nicaraguan Government Promotes Transportation Modernization with the Acquisition of 500 Buses from Chinese Company Yutong
The Nicaraguan government has entered into an agreement with the Chinese company Yutong to purchase 500 brand-new buses. This agreement comes as part of the Sandinista government’s efforts to strengthen and enhance urban and rural transportation across the country.
Chinese companies express interest in investing more in Colombia
The largest Chinese companies operating in Colombia have expressed their keen interest in increasing their investments in the country. During a meeting in Bogota with representatives from various ministries and government entities, discussions revolved around the potential for Chinese companies to contribute to the peace-building efforts in areas affected by the armed conflict in Colombia.
Chinese ambassador in Bolivia announces plans to open Asian bank branches due to lack of dollars
To address the shortage of dollars in Bolivia, China is exploring the possibility of opening branches of Asian banks in the country. Huang Yazhong, the Chinese ambassador in Bolivia, has stated that efforts are underway to establish Chinese banking entities in Bolivia, primarily to facilitate settlement operations in bilateral trade. Given the significance of China as Bolivia’s trading partner and the limited availability of dollars, the Bolivian government is interested in coordinating with China to explore the option of conducting transactions in local currencies.
China pushes for Argentina to join BRICS
During a meeting between Zhao Leji, the president of the Chinese People’s Assembly, and Argentine officials, including national deputy Máximo Kirchner and the head of the Chamber of Deputies, Cecilia Moreau, China expressed its support for Argentina’s entry into the BRICS group, which consists of Brazil, Russia, India, China, and South Africa. The aim of Argentina’s potential membership is to gain access to financial assistance provided by the group.
Huawei Cloud boosts technology cooperation with Latin America at COMPASS Summit
The Huawei Cloud COMPASS Summit for Latin America, held in Shenzhen, China, brought together representatives from various Latin American countries and industries to explore cooperation opportunities in cloud technology. The event showcased Huawei Cloud’s internet solutions tailored for the Latin American market, including sectors such as media and entertainment, e-commerce, fintech, and online education.
Venezuela and China reaffirm commitment to strengthen the pharmaceutical industry and cooperate on hydrocarbons
Magaly Gutiérrez, the representative of President Nicolás Maduro’s Ministry of Health, had a meeting with Xuetao Cao, the Vice-Minister of the National Health Commission of China, during the World Health Organization (WHO) assembly in Geneva, Switzerland. Gutiérrez expressed their commitment to further advance the agreements established with China, particularly in strengthening Venezuela’s national pharmaceutical industry, focusing on the quality of medicines and the revitalization of nuclear medicine.
Mexico and China foster friendly and academic relations through the “Chinese Bridge” Contest for elementary school students
The 3rd “Puente Chino” Contest for Elementary School Students, themed “Chino Alegre y Divertido” (Happy and Fun Chinese), was successfully held in Mexico City. This contest, organized by the Embassy of China in Mexico, is designed to enhance cultural and academic ties between Mexico and China. Eighteen participants between the ages of 10 and 12 showcased their Chinese language skills and participated in artistic activities such as singing, dancing, and calligraphy.The 3rd “Puente Chino” Contest for Elementary School Students, themed “Chino Alegre y Divertido” (Happy and Fun Chinese), was successfully held in Mexico City. This contest, organized by the Embassy…
Peru is awarded for its tourism promotion actions in China
Peru’s efforts to promote tourism in China were recognized at the Chinese Tourist Welcome (CTW) awards ceremony held in Guangzhou. The country received the gold award in the “Internet-Media” category for its successful initiatives to attract Chinese tourists with high purchasing power, particularly through digital platforms.
Chancay: The Chinese port that could change Peru’s economic outlook and challenge Chile
The construction of Chancay, China’s first port in Latin America, in Peru by the state-owned shipping company Cosco Shipping is a significant development designed to establish a major logistics hub in the region. With a substantial investment of over US$3 billion, the port is expected to be operational by the second half of 2024 and is anticipated to have a profound impact on the Peruvian economy.
Trade agreement between Ecuador and China put on hold after President Lasso’s decision
The trade agreement signed between Ecuador and China on May 10 is currently facing uncertainty following President Guillermo Lasso’s decision to dissolve the opposition-led National Assembly through the issuance of the decree of cross death. This has raised concerns about the ratification of the agreement, as the Minister of Government, Henry Cucalón, stated that it cannot enter into force during this period.
Chinese company Sinohydro under scrutiny for bribe payments in Latin American projects
The Chinese company Sinohydro is currently under investigation for alleged corruption in Ecuador, specifically related to the Coca Codo Sinclair project. It has been discovered that the company made bribe payments totaling US$76 million, which were subsequently deposited in accounts in Panama and distributed among various individuals, Ecuadorian companies, and foreign companies in tax havens.
AMLO seeks agreement with China and South Korea to stop fentanyl entering Mexico
Mexican President Andrés Manuel López Obrador has stated that his government is currently in negotiations with China and South Korea to reach an agreement aimed at preventing the entry of fentanyl into the country. Recognizing the need for collaboration, he emphasized that there is a willingness from both China and South Korea to provide support in this matter.
Argentine Minister of Economy secures US$ 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.
The sophisticated China-Mexico route for fentanyl
The Attorney General of the United States, Merrick Garland, described the Sinaloa Cartel, based in Mexico, as “the largest, most violent, and prolific fentanyl trafficking operation in the world” in a statement accompanying extensive charges involving hitmen, cartel leaders, and suppliers such as Rubio and Wu.
Argentine ambassador in China promotes Chinese tourism in Argentina to strengthen foreign currency income
The Argentine ambassador to China, Sabino Vaca Narvaja, is placing a strategic emphasis on the development of Chinese tourism in Argentina as a means to enhance the country’s foreign exchange earnings. Vaca Narvaja met with the governor of Hainan province to discuss potential areas of cooperation in trade, sports, and tourism. He proposed a sister city relationship between Hainan and Tierra del Fuego, as well as the possibility of establishing direct flights between the two countries.
Chinese mafia network dismantled operating in Chile
In an operation against drug trafficking in Chile, the “Bang de Fujian” gang from Fujian, a coastal province located in southern China, was dismantled by Chilean authorities. The operation led by the Chilean Investigations Police (PDI) resulted in the capture of 21 Chinese citizens and the seizure of seven thousand marijuana plants, 11 safe houses for hiding weapons, 400 rounds of ammunition, four warehouses, and over 600,000 dollars in cash.
Venezuela’s Ambassador to China strengthens judicial cooperation in a meeting with the Attorney General
The Ambassador of Venezuela to China, Giuseppe Yoffreda Yorio, held a meeting with China’s Prosecutor General, Ying Yong, to strengtheng judicial cooperation between the two countries. This meeting is part of the Comprehensive Strategic Partnership between China and Venezuela and aligns with the Bolivarian Peace Diplomacy led by President Nicolás Maduro.
The Chilean Navy detects seven Chinese fishing vessels off the coast of Puerto Montt
A Navy aircraft detected seven Chinese fishing vessels operating within Chile’s Exclusive Economic Zone. The Commander-in-Chief of the Fifth Naval Zone, Commodore Alejandro Torres, specified that a P-295 aircraft from the VP-1 Aeromaritime Exploration Squadron identified the vessels about 320 kilometers west of Puerto Montt.
Progress of the Bogota Metro is threatened by the Chinese concessionaire’s non-compliance
The Bogotá Metro Company has initiated a sanctioning process against the Chinese licensee of the Metro Línea 1 due to their failure to respond to the observations made by the project’s oversight entity. So far, only 41% of the required 315 deliverables have received approval from the oversight entity.
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.
Daniel Ortega promotes the presence of China and Russia in Central America: Geopolitical shifts in the region
Nicaraguan President Daniel Ortega has proposed the inclusion of China and Russia as observers in the Central American Integration System (SICA) and the expulsion of Taiwan from the regional organization. During a meeting with the China International Development Cooperation Agency, Ortega emphasized that the majority of countries in the region have already recognized the government of the People’s Republic of China.
López Obrador highlights the trafficking of fentanyl originating from China
In response to the accusations made by the United States against China for being a supplier of fentanyl, the Chinese Ambassador to Mexico, Zhang Run, stated before Mexican senators that “no problems related to fentanyl smuggling have ever been detected between the countries.”
China is advancing in negotiations to sell fighter planes to Argentina
The Argentine Minister of Defense, Jorge Taina, has recognized the issue of obsolescence in the country’s military equipment, downplaying President Alberto Fernández’s statement regarding the need for external financing for new acquisitions.
Gezhouba will disburse 500 million dollars for the construction of two dams in Argentina
In a meeting in Buenos Aires with Argentine Minister of Economy Sergio Massa, representatives from China Gezhouba Group Corporation (CGGC) announced that, before the end of June 30th, the company will disburse $500 million to finance the construction of two hydroelectric dams in the province of Santa Cruz, Argentina.
Costa Rica and China strengthen trade ties with an agreement
Costa Rica and China have signed an agreement of mutual recognition as trusted trade partners under the Authorized Economic Operator (AEO) program. This agreement is intended to strengthen the trade relationship between the two countries by providing importers and exporters with certifications that grant them benefits at customs.
Argentina replaces the dollar with the yuan as the currency for exchange with China
The Minister of Economy of Argentina, Sergio Massa, and the Chinese Ambassador to the country, Zou Xiaoli, announced that imports of intermediate goods from China will be paid in yuan through the “swap” agreement between the two countries.
China strengthens its influence in Latin America through the energy sector
China is increasing its influence in the energy sector in Latin America, with Chile, Brazil, and Peru being the countries where its presence is concentrated in the power distribution market. According to data from Boston University, since 2000, Chinese development banks have financed nearly $10 billion in power generation and distribution projects in the region.
Mexico increases the export of medical devices to China
Mexico ranked as the second largest external supplier of medical instruments and devices to China in 2022, recording $2.037 billion, a year-on-year increase of 7%, according to data from the General Administration of Customs of China. As a result, Mexico displaced Germany to the third position ($1.731 billion) and is only surpassed by the United States ($3.253 billion).
Argentine SMEs can access a training program to enter the Chinese market
In collaboration with the Argentine-Chinese Chamber of Production, Industry, and Commerce (CATPIC), the Argentine Government has introduced a mentoring program designed to support small and medium-sized enterprises (SMEs) in their pursuit of business opportunities in the Chinese market.
High-level Cuban delegation visits China and signs cybersecurity agreement
Representatives from China and Cuba have officially signed a cybersecurity agreement in Beijing, affirming the commitment of both governments to promote an Internet environment that fosters the development and well-being of their respective populations.
Venezuela joins China’s Lunar Research Project
The Republic of China has extended an invitation to Venezuela to participate in its International Lunar Research Station (ILRS) project, which is set to be constructed in the early 2030s with Russia’s assistance. This collaborative initiative reflects the shared commitment of both countries to international cooperation in the realm of deep space exploration.
Mexico requests China’s help in the fight against fentanyl
Mexican President Andres Manuel Lopez Obrador has reached out to Chinese President Xi Jinping through a letter, seeking assistance in curtailing the flow of fentanyl shipments from China to Mexico. Lopez Obrador explains in the letter that U.S. lawmakers have been holding Mexico responsible for the fentanyl crisis in the United States, even going as far as threatening invasion of Mexican territory.
After breaking diplomatic relations with Honduras, Taiwan’s president visits Guatemala and Belize
Following the termination of diplomatic relations with Honduras, Taiwanese President Tsai Ing-wen embarked on a visit to Guatemala and Belize last week, aiming to strengthen ties with her regional allies. Tsai’s tour, which attracted controversy due to two stopovers in the United States, sought to bolster relationships in the region. In Guatemala, Tsai held a meeting with Guatemalan President Alejandro Giammattei, during which both leaders delivered a joint message reaffirming their close bonds.
Uruguayan foreign minister meets with Chinese authorities to promote trade agreement
Uruguay’s Foreign Minister, Francisco Bustillo, is scheduled to travel to China next week for a series of meetings with Chinese authorities aimed at initiating negotiations for a Free Trade Agreement (FTA). Bustillo will hold discussions with Chinese Foreign Minister Qin Gang and Wang Shouwen, the Vice Minister of Commerce and Deputy Representative for International Trade Negotiations of China.
China’s dominance in world steel production puts pressure on Latin America’s steel sector
According to studies conducted by the Latin American Steel Association (Alacero), the steel sector in the region is expected to experience a gradual recovery in 2023. However, several factors contribute to the sluggishness, including uncertainties surrounding international trade and domestic policies implemented by China to revive its steel production for industrial recovery.
Government of Panama and Chinese consortium agree to restart construction of the Fourth Bridge over the Panama Canal
The Government of Panama has signed an addendum with a Chinese consortium to resume the construction of the Fourth Bridge over the Interoceanic Canal, a significant infrastructure project with a budget of $1.518 billion. The Panama Fourth Bridge Consortium (CPCP), comprising China Communications Construction Company LTD and China Harbour Engineering Company LTD, was initially awarded the project in 2018. However, financing difficulties and design changes led to a suspension of the work in 2020.
Enel Peru is acquired by state-owned China Southern Power Grid
Enel, the Italian electricity company, has reached an agreement to sell all the shares it holds in Enel Distribución Perú, which represents 83.15% of its share capital, as well as all the shares of Enel X Perú, accounting for 100% of its share capital, to China Southern Power Grid International.
Chinese, Russian, and U.S. companies join lithium extraction in Bolivia
Yacimientos de Litio Bolivianos (YLB) President, Carlos Ramos, announced that four Chinese companies, namely Citic Guoan, Tbea Group, CATL BRUNP & CMOC (CBC), and Fusion Enertech, have successfully conducted tests of their Direct Lithium Lithiation Extraction (DLE) technology in Bolivia’s Potosí and Oruro salt flats. These companies participated in YLB’s international tender for EDL technology selection, and so far, CBC is the only one that has signed an agreement with the Bolivian government.
Chinese billionaire Jack Ma considers investing in Uruguay’s meat sector
The founder of Alibaba, Jack Ma, made a three-day private visit to the Solís Meatpacking Plant in Lavalleja, Uruguay, according to business sources confirmed by El Observador. Although he did not engage with national authorities, a commercial secretary from the Chinese embassy in Uruguay reportedly accompanied the billionaire.
Brazil and China seal new trade agreements
Brazil and China have jointly announced the establishment of a Clearing House to facilitate business transactions and loans between the two nations, bypassing the need for the U.S. dollar. The Industrial and Commercial Bank of China will serve as the operating bank for the Clearing House in Brazil, enabling Brazilian and Chinese businesses to conduct transactions and loans using the yuan instead of exclusively relying on the dollar, as it has been the case until now.
EPM signs contract with Chinese company to promote solar energy project in Colombia
The Colombian company EPM has signed a contract with Powerchina International Group Limited, Colombia branch, to implement the Tepuy Photovoltaic Solar Park, its first large-scale renewable energy project in Colombia. This non-conventional renewable energy project will contribute 83 megawatts of renewable energy to the National Interconnected System (SIN), which could supply a city of 400,000 inhabitants.
Sodium-ion batteries: the new China-driven alternative to replace lithium
The Chinese company JAC presented its first electric car powered by a sodium-ion battery, a much more affordable material than lithium. Sodium-ion batteries are the focus of scientific attention given their potential to dethrone lithium as a key mineral in the development of electromobility, which in the future may affect the countries that make up the “lithium triangle” in Latin America.
China and Brazil aim to cooperate in the photovoltaic industry
Chinese electronics company TCL is considering closer cooperation with Brazilian home appliance manufacturer SEMP. SEMP founder Affonso Brandão Hennel and TCL Group president Li Dongsheng met in Shenzhen, China, to explore opportunities to collaborate and expand their joint business into the photovoltaic sector.
Chinese Minister of Environment highlighted Costa Rica’s contribution to COP15.2
Huan Runqiu, President of COP15 and Minister of Ecology and Environment of China, sent a formal note to the Minister of Environment and Energy of Costa Rica, Franz Tattenbach, to highlight the work of the Costa Rican team at the United Nations Biodiversity Summit (COP15.2). In the message, he acknowledged Costa Rica’s great contribution to achieving the agreement to include the 30×30 target presented by the High Ambition Coalition, which has significantly increased the visibility of COP15 and the conservation of global biodiversity. The COP15 President highlighted the dedication, determination, and leadership of the Costa Rican team during the COP15.2…
Boost from China and growing demand: Electric car market in Peru
Photo: Electric Car recharging.jpg. By: Michael Movchin/Felix Müller. Source: WikiCommons. SUNARP figures indicate that that the sale of electric and hybrid vehicles in Peru has grown significantly in recent years. In 2022, 2,680 units of these vehicles were sold, representing an increase of 84.21% over the previous year. Conventional hybrids were the most marketed, followed by pure electric and plug-in hybrids. Despite these advances, the Peruvian market still faces challenges regarding access to credit and the lack of charging stations. China leads the global EV market, thanks to its industrial development and extensive network of charging points. Adoption of these…
Chinese vehicles landing in Latin America
Photo: 2015 BYD e6 “Taxi”. By: harry_nl. Source: Flickr. Several Chinese vehicle manufacturers have begun to see Latin America as an important place to establish new plants. In late 2022, Build Your Dreams (BYD) announced that it would be building three new factories in Sao Paulo, Brazil; two will produce chassis for buses, trucks, and automobiles in October 2024, and the third will process lithium and iron phosphate in January 2025. BYD seeks to impact the regional market in Latin America with the construction of these plants, “We will bring a full range of BYD’s passenger NEVs to 17 countries,…
A Chinese company will invest US$120 million in lithium production in Jujuy, Argentina
The Chinese company Tsingshan Mining Development S.A. will invest US$120 million to install a hydrogen chloride and sodium hydroxide manufacturing plant in Jujuy, Argentina, to produce lithium carbonate. Construction work is expected to last 18 months and employ more than 1,000 people for the construction period, and some two thousand skilled workers during its operational stage. Tsingshan Holding Group Co., Ltd. operates in the Mining and Metals sector, mainly in the stainless-steel industry.
Chinese automaker prepares vehicle plant in Mexico
n April 2023, Jetour will market two gasoline-powered SUVs imported from China. By the end of the year, it will introduce a hybrid unit and in 2024 it will invest in the plant for combustion and electric vehicles. The brand is currently lobbying with different governments – among them Aguascalientes and Guanajuato – to define an investment that could reach 1 billion dollars.
Ecuador’s Public Prosecutor’s Office to file bribery charges in Sinohydro case after four-year investigation
The Ecuadorian Attorney General’s Office will finalize the investigation of the so-called INA Papers. After almost four years of investigation, the entity has renamed the process the Sinohydro case. The investigation focuses on a criminal structure that allegedly collected $76 million in bribes to the Chinese company Sinohydro, responsible for the construction of the Coca Codo Sinclair hydroelectric power plant during the government of Rafael Correa.
China-Colombia relations are at an all-time high
Ingrid Chaves, director of the Colombian-Chinese Chamber of Commerce, spoke to Portafolio about the progress of diplomatic relations with China and the changes expected with the new government: “this year marks 43 years since the beginning of diplomatic relations and before the pandemic, China became the country’s second partner in trade and the first Asian investor in Colombia,” said Chaves.
Huawei in Argentina sanctioned by customs due to undeclared import of software
Huawei’s Argentine subsidiary is being fined by the Argentine Customs for not declaring the import of software, which resulted in unpaid taxes amounting to US$ 28 million and a fine of US$ 2 million. Argentine Customs argued that the Chinese company could not have imported equipment without purchasing the software and without paying the license fees to the parent company in China.
Chinese company BYD supports Colombia for sustainable mobility
he Chinese company Build Your Dreams (BYD), a pioneer in providing electric vehicles to Colombia since 2012, expressed its intention to act as an ally to meet the Colombian government’s expectations regarding the progress in the transition to clean energy, with special emphasis on the mobility issue. In an interview with Xinhua, BYD’s general manager in Colombia, Juan Luis Mesa, recalled that the company has offered effective zero emission solutions in more than 70 countries.
China, a giant that threatens Ecuador’s tuna supply
While Ecuador continues to be the European Union’s main supplier of tuna loins, China is fast closing in to take over the top spot. Despite the absence of any trade agreement, the European bloc is increasingly shifting its purchases to the Asian country. Ecuador’s share of the tuna market has fallen from 32% to 26%, while China’s grew rapidly from 9% to 24%, between 2015 and 2022.
Minerva and high Chinese demand
Minerva affirmed that it will continue to meet Chinese beef demand through four slaughter units, three in Uruguay and one in Argentina. This follows a confirmed case of mad cow disease in the state of Pará in Brazil. Minerva, South America’s leading beef processor and exporter, present in Colombia, Chile, and Paraguay, assured that the strategy will prevent its market share from being affected as China is the largest importer of Brazilian product and has a protocol for suspending business in the event of cases of atypical Bovine Spongiform Encephalopathy, something that has already occurred in the past.
China adds road concession to Chile’s infrastructure portfolio
The Chilean government awarded China Railway Construction Corporation (CRCC) the second concession for the Chillán-Collipulli section of Route 5, for an investment of close to US$600 million, further expanding China’s presence in the infrastructure sector in the South American country. The concession includes the construction of a four-lane access road, the widening of 18 km of the existing road, the replacement of 14 bridges, and the repair of 48 others.
Chinese companies establish factories to label their products as “Made in Mexico”
Several Chinese companies are investing in Mexico. Taking advantage of an expansive trade agreement with North America (T-MEC) and following a path forged by Japanese and South Korean companies, a number of Chinese firms have set up factories that enable them to label their products as “Made in Mexico” and then transport them duty-free to the United States.
The Red Cross Society of China donates US$100,000 to help fight forest fires in Chile
China’s Red Cross has donated US$100,000 to the Chilean Red Cross to help areas affected by the forest fires that have ravaged the country’s south-central area. China’s ambassador to Chile, Niu Qingbao, made the announcement at a press conference at the Chilean Red Cross headquarters in Santiago, adding that the Chinese Embassy in Chile is collaborating with the Chilean Association of Municipalities to provide support.
Ambassador of Beijing in Panama handed over tactical equipment
The Chinese ambassador to Panama, Wei Qiang, delivered 6 thousand ballistic vests and 6 thousand tactical helmets valued at 4 million dollars to the Panamanian Ministry of Public Security, to “strengthen the cooperation agenda between the two nations.” The Naval Air Service and the National Border Service will receive 1,000 cases and 1,000 bulletproof vests each, while another 4,000 helmets and 4,000 vests will be delivered to the National Police.
Economic and technological ties between China and Argentina: a review of their “strategic cooperation”
A U.S. non-governmental organization has published a report on the cooperation between Argentina and China in aerospace development. The report, entitled “The Chinese Communist Party in Argentina: The International Engagement of China’s Space Industry,” explains the hierarchical responsibility that the Communist Party and the People’s Liberation Army have in defining China’s internal economic rules and global strategic plans in projects such as those in Neuquén and San Juan.
China and Brazil agree to use the yuan in cross-border transactions
Photo: Chinese yuan. By: faungg’s photos. Source: Flickr. On February 7, China’s central bank informed that it signed a memorandum of cooperation with its Brazilian counterpart for the use of the yuan – the Asian country’s national currency – in border transactions. As explained in a brief communiqué, the agreement will streamline the operations of companies and financial institutions in both countries, as well as bilateral trade and investment. In effect, the agreement gives greater strength to the yuan or renminbi as an alternative currency in international business, given the proliferation of U.S. restrictions on the use of the dollar.…
Chinatown in Santo Domingo
Photo: Barrio Chino: By: Apex travel. Source: Wiki commons Santo Domingo’s Chinatown has become an important cultural meeting point between China and the Dominican Republic. Inaugurated in 2008, the neighborhood has restaurants offering both Chinese and Dominican dishes, as well as supermarkets selling Chinese products, a temple, and a Chinese language school. There are also fairs every weekend where visitors can learn about Chinese culture and cuisine, and there are parks and fountains where people can relax. Santo Domingo’s Chinatown is a living testimony of the union and cultural exchange between the Dominican Republic and China that began with its…