Tag: Commerce

Chinese goods made up 20% of Colombian imports in 2023

The goods that Colombia imports from the People’s Republic of China represent 20% of its foreign purchases.

Chinese company to build $405 million dollar port in Peru

Peru awarded Chinese company Jinzhao the construction of the new port terminal in San Juan de Marcona, with an investment of $405 million.
dólar estadounidense

Brazil and China Stop Using Dollars in Their Bilateral Trade

Brazil and China have conducted bilateral trade using their national currencies, specifically the Chinese yuan.

Paraguayan Finance Minister Announces Opening to Chinese Investments

Paraguay, the only country in South America that maintains diplomatic relations with Taiwan, is considering the possibility of attracting investments from China to boost its emerging green hydrogen industry, according to Carlos Fernández, the nation’s Minister of Economy and Finance. Paraguay has abundant water resources and renewable energy from its two major hydroelectric dams, placing it in a strategic position to produce green hydrogen and convert it into synthetic fuels and fertilizers.

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.

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 […]

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 […]

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.

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.

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.
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