Tag: Economy

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 […]
Fundación Andrés Bello

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 The National Assembly of Nicaragua repealed last Wednesday, May 8, a law that regulated the planning, construction and management of an inter-oceanic waterway, which would compete with the Panama Canal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 […]
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New Argentine banknotes of Chinese manufacture begin to circulate

On Tuesday, the new 10,000 peso banknote, equivalent to approximately 11 dollars, was issued by the state-owned China Banknote Printing and Minting Corporation (CBPM).
Fundación Andrés Bello

Bolivia plans to sign a contract for lithium industrialization

Bolivia positions itself as a relevant player in the global lithium market by announcing a contract with a Chinese company for its industrialization.
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New China-South America Maritime Route Boosts International Trade

The new maritime route between China and South America is part of the strategy to strengthen international trade between both regions.
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China’s military attaché to arrive in El Salvador in the framework of new military cooperation

The Chinese ambassador to El Salvador, Zhang Yanhui, confirmed that the Salvadoran government has approved the appointment of a military attaché who is expected to arrive in the country in one or two months.
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Chinese auto manufacturer Chery receives US$ 50 million investment for Colombian market

Grupo Vardí invests US$50 million in Chery to strengthen its presence in Colombia.
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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.
Fundación Andrés Bello

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.

Fundación Andrés Bello

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 […]
Fundación Andrés Bello
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