Tag: Commerce

Ecuador seeks to break out of the labyrinth of oil pre-sales with China

Ecuador is still struggling to divest itself of oil pre-sales. Although there are contracts with the oil creditor companies, the Ecuadorian government is looking for a way to change the situation to its advantage. The business meant a loss of almost US$5,000 million for the country.

Chinese firm JF Capital International has bought the Justo & Bueno chain

The shareholding of the retail company Justo & Bueno (J&B) was purchased by the Chinese conglomerate Joining Futures Capital International Limited. The news of the purchase was made official last Thursday, April 19, following the supermarket company’s financial crisis that began in 2021.

JBS invests in electric trucks for cargo distribution in Brazil

JBS, the world’s largest meat producer, created a new business unit to rent electric trucks to distribute refrigerated cargo to retail. This initiative will support the company in its plan to reduce carbon emissions, as well as reduce logistics costs in the medium and long term.

China Mastery Colombia 2022

China Mastery Colombia 2022 is an import event that reaches the city of Bogota thanks to Valeria Bernardo to promote entrepreneurship through the business of imports from China and the United States.

China vetoes three Brazilian meat exporters

China’s General Administration of Customs (GACC) suspended imports from two Brazilian beef plants and a Brazilian poultry producer, according to a statement on its website.

BYD takes over transportation in Brazil

The Chinese company BYD, one of the most important companies in clean energy and electric vehicles, presented the first Brazilian-made electric articulated bus in the city of São José dos Campos, State of São Paulo, along with the first monorail train that will be part of one of São Paulo’s subway lines.

The Chinese company CATL is looking for sites to install a factory in Mexico

Contemporary Amperex Technology Co. Limited (CATL) is a Chinese technology company that was founded in 2011. It is the world’s largest manufacturer of batteries and storage systems for electric vehicles. The company is analyzing sites in Mexico to install a US$5 billion plant to supply the demand it faces.

China listed as the main destination for Peruvian exports in February 2022

According to Idexcam data, Peruvian exports to the People’s Republic of China in the month of February 2022 reached US$4,595 million, representing an increase of 7% over the same period in 2021.  Thus, China is the main destination for Peruvian exports valued at a total of US$1,264 million.

Cuba joins Chinese e-commerce platform

Cuba will sell products through the Chinese e-commerce platform JD WorldWide, one of the most important e-commerce platforms in China, along with Alibaba, Taobao, and Sunning, among others.

China: the main buyer of Uruguayan beef

Over the years, the records of the exchange of goods and services between Uruguay and the People’s Republic of China (PRC) have shown a positive balance of trade. Beef accounted for the largest share.

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