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 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 […]

Following heavy stakes in Bitcoin, El Salvador faces crisis and turns to China for support

The recent bankruptcy of FTX, caused a drop in the price of bitcoin. As a result, El Salvador’s fiscal policy was affected by the country’s large purchase of this cryptocurrency. China proposed a possible agreement.

Foreign exchange trading facilities between Argentina and the People’s Republic of China

The President of China, Xi Jinping, met with Argentine President, Alberto Fernández, on November 15, on the occasion of the G20 summit in Bali. The leaders agreed to extend a foreign exchange agreement for US$ 5 billion.

Ecuador succeeds in restructuring its debt with the People’s Republic of China

Ecuador reached an agreement with Chinese banks to provide about $1.4 billion in debt relief through 2025.

Argentine province signs new strategic agreement with PowerChina

Governor of Tierra del Fuego (Argentina) Gustavo Melella signed a strategic agreement for the development of energy projects in Patagonia with Tu Shuipin, representative of PowerChina Energy in Argentina.

China: Chile’s major clothing supplier

Currently, China is the largest exporter of clothing to Chile, according with the report presented by Chile’s National Chamber of Commerce.

Chinese-Argentine relations at record high levels of activity

This last month has brought a great deal of activity to the bilateral relations between the People’s Republic of China (PRC) and Argentina.

Growing presence of the People’s Republic of China in Latin America

China’s (PRC) great commitment in the last decade has been of great importance, the Asian country saw a great opportunity in the region and has pushed to maintain an important presence.

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