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.

Uruguayan Senator requests report on China-Uruguay FTA feasibility study

On August 24, Uruguayan Foreign Minister Francisco Bustillo announced that, at the request of Chinese officials, the feasibility report for the FTA between China and Uruguay will be confidential.

Bilateral relations between China and Ecuador

This year officially marked the beginning of negotiations between Ecuador and China with a view to signing an FTA. The most recent meeting have involved different roundtables which have worked on different issues.

Nicaragua intends to sign a Free Trade Agreement with China by 2023

Nicaraguan Minister of Development, Industry and Commerce, announced that the two countries already have a proposal for a legal framework to negotiate a Free Trade Agreement (FTA) with China.

Panama seeks a trade agreement with China if TPA is not renegotiated with the US

The United States and Panama signed a Free Trade Agreement (FTA) in 2007. Producer unions and associations have been demanding that negotiations be opened to address the extension of the elimination of some of the country’s sensitive products. The Minister of Agricultural Development, Augusto Valderrama, warned that “if the US does not accept, we would have to look for alternatives and that would be to export these products to other countries.” One of these alternatives would be to initiate a free trade agreement (FTA) with the People’s Republic of China (PRC).

China may cede SDRs to Argentina

President Alberto Fernández’ visit to the People’s Republic of China (PRC) in February 2022 brought with it a series of novelties regarding Argentina’s relations with the Asian country. The topics discussed included the signing of the Belt and Road initiative, which was not signed until March 15, despite the fact that the announcement was made in February.

Ecuador and China initiate negotiations for a Free Trade Agreement

Following the visit of Ecuadorian President Guillermo Lasso to Beijing, both governments (China and Ecuador) began negotiations for a free trade agreement.

Uruguayan president denies deadlock in Uruguay-China FTA negotiations

The Uruguayan weekly magazine Búsqueda published an article on how the situation in Ukraine and the tensions between Russia, the United States, and the North Atlantic Treaty Organization (NATO) could potentiallly impact on China and, consequently, on the Free Trade Agreement with Uruguay. The President of Uruguay denied the information.