PANAMPOST.COM/Orlando Avendaño – The Icelandic Ministry of Transport and Local Government received a letter from the European Transport Agency on Friday, October 20 requesting permission to transport anti-riot gear to Venezuela; however, the query was rejected.
The agency requested the transfer of 16 tons of tear gas from China to Venezuela. The material would have made a stop at the airport in the town of Keflavik, south of Reykjavik, the capital of Iceland.
INTERMEDIATE/ADVANCED SPANISH VOCABULARY – THIS BOOK IS ENLIGHTENING
According to their website, “the Ministry recommends that the Icelandic Transport Agency refuse the aforementioned consultations on the transfer of military data in Icelandic territory,” arguing that, in Venezuela, vulnerable areas of the country don’t respect basic human rights. Read Article
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INTERMEDIATE / ADVANCED SPANISH VOCABULARY – READ THE BOOK usnews.com/ – Simeon Tege – lWhen Peru’s President Pedro Pablo Kuczynski welcomed his Bolivian counterpart Evo Morales for a bilateral summit in Lima earlier this month, a long-mooted interoceanic train was on the agenda once again. The idea is for the railway to run more than […]
.PHARMACEUTIAL ALERT A few weeks ago elcomercio.com reported a raid by authorities on a clandestinne laboratory outside of Cuenca, Ecuador. Here is developing information: .The clandestine lab was allegedly shipping counterfeit drugs from China to Ecuador. Primary shipments were to pharmacies in 31 cities in the provinces of Loja, Azuay, Cañar, El Oro, Sucumbíos, Tungurahua, […]
In Ecuador, progress stalls on mining dispute between government and indigenous Shuar people 8 March 2017 / Daniela Aguilar Adapted by Romina Castagnino The militarization of the community of San Carlos de Limón in Ecuador’s province of Morona Santiago has triggered the displacement of indigenous Shuar populations who live in areas adjacent to a major […]
Marc Frank/reuters.com From buses and trucks to a $500 million golf resort, China is deepening its business footprint in Cuba, helping the fellow Communist-run state survive a crisis in oil-benefactor Venezuela and insulate against a possible rollback of U.S. detente. Cuban imports from China reached a record $1.9 billion in 2015, nearly 60 percent above […]
The Confederation of Indigenous Nationalities of Ecuador (CONAIE) this morning reported that since the closure of the Puyo-Macas road at the height of 50 km as a measure of rejection Nankints militarization of the province of Morona Santiago is maintained. This after earlier this week Shuar indigenous mining facilities Panantza-San Carlos project in Nankints in […]
globaltimes.cn reported: 1. Since establishing diplomatic ties 36 years ago, the two countries have supported each other at regional and international fora and maintained close cooperation. 2. Cooperation between China and Ecuador in trade and finance has yielded great success. China is now the third biggest trade partner for Ecuador, while Ecuador is China’s important […]
insightcrime.org reported The trafficking of jaguar teeth from Bolivia’s natural parks to China has sparked worries that Asian smugglers are boosting this illegal trade. Between 2014 and 2016, 800 jaguar teeth have been seized by Bolivian authorities, suggesting that around 200 animals have been killed, reported the Bolivian Environment Forum (Foro Boliviano sobre Medio Ambiente […]
janes.com reported Ecuador has signed a memorandum of understanding (MoU) with China relating to defence industrial co-operation; the latest in a series of agreements between the countries aimed to strengthening military and industrial ties. The accord was signed in Ecuador on 16 August by Ecuadorian defence minister Ricardo Patino and Xu Zhanbin, China’s vice minister […]
eluniverso.com reported ten thousand rifles with their ammunition and three patrol boats with heavy machine guns are the teams that make the war donation yesterday afternoon handed the Chinese ambassador to the country, Wang Yulin, the defense minister, Ricardo Patino, at Fort military Huancavilca. According to technicians of the ministry, the guns would be a […]
xinhuanet.com reported Interpol Office in Ecuador on Saturday highlighted good cooperation with its Chinese counterparts in deporting a Red Notice fugitive back to China. “This is the first ‘red notice’ case (involving a Chinese citizen in Ecuador). As soon as we received the information, we began our cooperation (with Chinese side) on this case,” Wilson […]
theguardian.com reported the world’s biggest canal project – a $50bn inter-oceanic canal through Nicaragua – has been delayed, following an environmental report and a collapse in the fortunes of the Chinese businessman behind the company that planned to build it. The Hong Kong Nicaragua Development (HKND) Group announced on Wednesday that it would be another […]
bbc.com reported Venezuela has received $5bn (£3.4bn) in financing from China, Venezuelan President Nicolas Maduro says. The money was for “development”, he said on Sunday, but gave no details. The announcement comes three months after Mr Maduro travelled to China – a major investor in the region. Read Article
Quito, February 19 (Andes) reported that the Ecuadorian police on Sunday arrested a Chinese citizen Hexiang Z., 59, who tried to leave Ecuador carrying 220,000 euros (equivalent to 250 540) without having declared, so it is assumed it is a case of money laundering, the Ministry of Interior. The Asian national was arrested at José […]
(Reuters Reported) – China has granted a $5.3 billion credit line to Ecuador as the oil-reliant Andean nation reorganizes its finances after a crash in crude prices slashed export earnings, Ecuador’s official newspaper reported on Tuesday. Ecuadorean Finance Minister Fausto Herrera said the government would tap $1.5 billion this year of the 30-year credit, which […]
freshplaz.com reported China’s great interest in Ecuadorian bananas, the market growth in the United States and Guatemala’s imminent position as the second largest exporter were just some of the issues discussed. But the issue that recently rocked the banana sector has been Chiquita’s acquisition by the Brazilian companies Cutrale and Safra. “It could be a […]
laht.com reported Ecuador has signed an agreement with Eximbank of China by which the bank will finance an electrical power transmission system originating at Coca Codo Sinclair, the country’s largest hydroelectric plant, which is expected to become operational in January 2016. The agreement was sealed Wednesday during the visit by Ecuador’s Coordinator Minister of Strategic […]
hellenicshippingnews.com reported authorities in Mexico have been holding four Chinese ships and their crews since May as they try to end drug cartels’ involvement in iron ore sales. Some 95 Chinese crew members are on the ships, sources with knowledge of the matter say, and they are encountering health problems related to being stuck on […]
LSE Global South Unit WORKING PAPER SERIES Strategies and Counter-strategies: China in the Andean Region of South America. By Ádam Chimienti and Benjamin Creutzfeldt. ABSTRACT . lse.ac.uk/ By employing a comparative method that analyzes China’s increasing presence in di erent Latin America countries, this study explores key features and implications of Beijing’s approach towards this region. […]
Argentina and China signed an agreement for the construction of the nuclear power plant Atucha III Governments in Beijing sealed a trade agreement for the provision of equipment and services, for a total of $ 2 billion, for the construction of the fourth nuclear argentina, 800 megawatts (MW), which will be located in the Buenos […]
telesurtv.net reported Ecuador and China signed a military cooperation accord in order to strengthen bilateral cooperation between the two countries. Ecuador and China signed on Wednesday in Quito an agreement on military assistance aimed at strengthening cooperation in the field of defense between both countries. The deal was signed by Minister Maria Fernanda Espinosa and […]
China expanding its investments in Argentina’s South Atlantic fisheries mercopress.com reported China is interested in investing in Argentine port infrastructure and in setting up companies with access to the South Atlantic fisheries, according to reports from Shanghai where an Argentine top level delegation is currently negotiating in the framework of the China-Argentina cooperation agreement. Read […]
lanacion.com reported three shots in the neck; a fortune in pesos and dollars in the pockets of the victim and in a black bag he was carrying, which followed where it was, untouched, after the execution. It is not a violent scene from a Hollywood thriller black: It happened yesterday in Balvanera. A presumably young […]
mining.com/Reuters reported China is serious about expanding its international portfolio: The Asian giant’s recent foreign purchases include a 20% stake in Brazil’s Libra oil field, a skyscraper near Wall Street, and the country’s Lenovo tried, but failed, to buy Canada’s Blackberry. But these acquisitions pale in comparison to what records reviewed by Reuters are showing. […]
Aug 26 (Reuters) – Ecuador is in talks with China Development Bank to renew a $1.5 billion credit line, the Finance Ministry said on Tuesday, saying that the funds would be used for investments to be carried out in 2015. It was not immediately evident when the original credit line was approved. Ecuador’s Finance Ministry […]
latino.foxnews.com reported first it was moving marijuana and cocaine across the border. Then, it was human smuggling. Now, it appears Mexico’s drug cartels are getting involved in the lucrative – and slightly peculiar – business of trafficking the bladders of exotic fish to Asia. News of this fishy business began surfacing in June following the […]
ipsnews.net reported China’s plan to become Costa Rica’s main energy ally through the joint reconstruction of an oil refinery has been revived after the presidents of the two countries agreed to review the conditions of the project during a meeting in the Brazilian capital. The two countries initially signed a framework accord in 2008, including […]
ipsnews.net reported China’s plan to become Costa Rica’s main energy ally through the joint reconstruction of an oil refinery has been revived after the presidents of the two countries agreed to review the conditions of the project during a meeting in the Brazilian capital. The two countries initially signed a framework accord in 2008, including […]
bbc.com reported Chinese President Xi Jinping has signed a series of oil and mineral deals with Venezuela. They include a $4bn (£2.34bn) credit line in return for Venezuelan crude and other products. The agreements came on the latest stop of a four-country visit to Latin America. Read Article
csmonitor.com reported many Latin American nations have commodities China seeks in bulk like soy and copper. Yet slowing economic growth means few want to leverage against China, which is a major lender and buyer. South American nations have a lot of issues to raise with China: questionable labor and environmental practices of Chinese firms in […]
metal.com reported the latest statistics released by the Latin American Steel Association (ALACERO) indicates that the finished steel imports from China grew significantly during the month of May this year. The imports between January and May this year too has jumped considerably higher over the previous year. The countries which reported highest increase in finished […]
bbc.com reported the Nicaraguan government and the company behind plans to build a canal linking the Atlantic and the Pacific Ocean have settled on a route. It would stretch 278km (173 miles) from Punta Gorda on the Caribbean through Lake Nicaragua to the mouth of the river Brito on the Pacific. Environmentalists have expressed concerns […]
Chinese banks ignore pleas of Ecuador mining campaigners chinadialogue.net – David Hill writes the failure to respond to an NGO letter challenging investment in the Mirador mining project has played to Ecuadorian fears about China’s growing clout. The Mirador copper mining project in Ecuador’s richly biodiverse Cordillera del Condor is under the control of Chinese […]
kentucky.com/AP reported…Environmentalists say the only living hard coral reef in the Gulf of California is once again under threat, just two years after activists persuaded the government to block construction of a huge 30,000-room resort nearby. Once an overfished area, marine life around the Cabo Pulmo reef just outside Los Cabos exploded following a decision […]
economist.com reported…The rise of China has changed every region. But it has reinforced patterns, too. China’s demand for commodities has entrenched Latin America’s position as a supplier of raw materials. The country guzzles oil from Venezuela and Ecuador, copper from Chile, soyabeans from Argentina, and iron ore from Brazil—with which it signed a corn-import deal […]
Theguardian.com …… China Development Bank Credit Proposal for oil drilling in Ecuador The document from the Ministry of Economic Policy Co-ordination that shows Ecuador was negotiating a secret $1bn deal with a Chinese bank to drill for oil under the Yasuni national park while pursuing a high-profile scheme to keep the oil under the ground […]
El Universo.com reported that authorities have detained a Chinese national in Buena Fe in Los Rios Ecuador. He was traveling in a bus with $50,000 in cash and $21,000 in checks. No further information was provided.
Mining concessions granted to Canadian and Chinese-owned companies in Ecuador are illegal and should be cancelled in compliance with the Mining Mandate, argues a legal brief submitted yesterday to the Ecuadorian Constitutional Court by the the Environmental Defender Law Center (EDLC) and MiningWatch Canada. The Mining Mandate is a constitutional-level norm that has been in […]
Ecuador will allow the entry of Chinese tourists without that they request and acquire a Visa in the Asian country, said today the Vice President of Ecuador, Jorge Glas, visit this week to Beijing in search of investment. Ecuadorian Vice President made the announcement during the investment forum “Ecuador-grows” held today, January 22, at the […]
chinadaily.com.cn reported that Vice-President Jorge Glas of Ecuador, who is currently visiting China, encouraged more Chinese investment in his country, which is a business gateway to Latin America. Glas spoke during an economic forum on Wednesday in Beijing that was sponsored by the China Council for Promotion of International Trade. Ecuador and China share complementary […]
smh.com.au reported…Some time later this year, President Daniel Ortega and Chinese telecom tycoon Wang Jing will decide whether to give the project a green light, possibly unleashing earthmovers on one of the largest engineering challenges the world has ever seen, comparable even to China’s enormous Three Gorges Dam. Read Article
Bolivia said on Thursday that it welcomes more Chinese companies in the Latin American country, promising a better investment environment. Bolivian President Evo Morales made the remarks during his meeting with Chinese President Xi Jinping in Beijing. The three-day visit will also see Morales traveling to Southwest China to watch the launch of Bolivia’s first […]
china.org.cn reported that The Toromocho project, China’s largest overseas copper project, started production in Peru on Dec. 11. The project, one of the top 20 in the world, has a copper reserve of 1.2 million tons, 19 percent of China’s domestic total copper resources. It will produce 220,000 metric tons of refined copper annually, 18 […]
independent.ie reported that China’s aggressive quest for foreign oil has reached a new milestone — near monopoly control of crude exports from OPEC nation Ecuador. Last November, Marco Calvopina, the general manager of Ecuador’s state oil company PetroEcuador, was dispatched to China to help secure $2bn (€1.47bn) in financing for his government. Negotiations, which included […]
economictimes.indiatimes.com reported that Ecuador’s Socialist President Rafael Correa has often railed against allowing private trading firms to control the country’s oil shipments, a top source of export revenue. Soon after his election in 2006, Correa pledged to cut out middlemen. But on his watch, the opposite has happened. As the OPEC country committed to selling […]
The Ecuadorian government has launched an ambitious plan to turn his country into a landmark destination for Chinese tourists, whose flow expected to multiply by 8 the next four years. This was said by the deputy minister of Tourism and Investments of Ecuador, Patricio Tamariz Duenas, who is in Beijing to give impetus to the […]
Eturbonews.com reports that a 17-year-old Russian tourist was found dead on the outskirts of Marica, a resort city near Rio de Janeiro, Brazilian police said. Sergey Danshin’s body was discovered Saturday morning on the banks of the Canal da Costa, a stream outside Marica. The Russian tourist was shot at least three times in the […]
Chinadaily.com.cn reported “Even though Chinese investment in Latin America has focused on the oil, mining and agricultural sectors for more than a decade, infrastructure projects such as roads, power plants, high-speed railways, ports and manufacturing facilities are being viewed as hot targets for investment,” said Wang. China’s outbound investment in Latin America so far has […]
Bloomberg.com reported that Ecuador borrowed $1.2 billion from China, its second loan from the country this year to help fund its 2013 budget, according to a Finance Ministry official. China transferred the money to the Andean country on Aug. 12 as part of a “commercial operation” with Ecuador’s state-owned oil company, PetroEcuador, the official, who […]
dowjones.com reported that Ecuador’s government is planning public-sector investments worth about $47 billion from 2013 through 2017, the country’s Planning Secretary Pabel Munoz said Monday. Mr. Munoz said at a press conference the resources for the forecasted investment will come from taxes, oil revenues and external financing, but didn’t give further details. Thirty-five percent of […]
UPI.COM reported… A delegation of 300 representatives of Chinese companies in the textile, chemical and food business conferences conducted in this country. Asians will meet with their counterparts from Argentina, Colombia, Costa Rica, Peru and Ecuador itself, in a round of appointments in which they expect to do business in the short and medium term. […]
On August 2, 2013 El Espectador Noticias reported that a criminal court in Medellín has sentenced Nidia Castro Torres to 15 and half years prison on charges of sex trafficking. Nidia Castro Torres had been previously sentenced in 2009 for obtaining falsified public documents. This time, Castro Torres was found guilty of trafficking an 18-year-old […]
A project by state-run oil holding Petróleos de Venezuela (Pdvsa) and Petroecuador to build the “Eloy Alfaro” Pacific refinery in Ecuador postponed commissioning from 2015 to 2017, waiting for China National Petroleum Corporation (CNPC) to provide most of the necessary capital. Precisely, a meeting this week in Caracas between Ecuadorian President Rafael Correa and his […]
Undercurrentnews.com reported that Chinese buyers are now turning to Ecuador, a place that is experienced in growing shrimp to large sizes and has yet to detect EMS at any of its farms, sources said. “It appears they cannot produce bigger shrimp, but the Chinese love big shrimp, and in Ecuador there’s a lot of big […]
On July 27, 2103 El Comercial Noticias reported in Chaco the arrest of a taxi driver and two natives of Formosa, on charges of trafficking a total of 7 individuals originally from China. Marcos Alberto Yulán was arrested this past week at a police checkpoint while attempting to transport four Chinese females. Pedro Vásquez and […]
On July 25, 2013 Diario Chaco Noticias reported that a Chinese language translator has been called in so that authorities in Resistencia can question 7 undocumented Asians, three of which were detained following a routine stop at a police checkpoint. The driver was later arrested for violation of the law against Migrant Smuggling and Human […]
Eluniverso.com reported that Aibao Yan and Chinese citizen was kidnapped on May 28, 2013, in the Villaflora area. He was taken by heavily armed men. The kidnappers ordered a ransom of $60,000 from the victim’s family. The extortion phone call was from someone with a Chinese accent. The Anti-Kidnapping and Extortion Unit rescued the victim […]
Nicaragua was placed today on the verge of giving in to a Chinese company for 100 years until a controversial concession to build and operate a deepwater canal between the Atlantic and the Pacific, a work that will last about 10 years and cost 40,000 million dollars. Two bills that would give the unknown Chinese […]
They call the mountain Toromocho, which means “bull without horns”. But to its new, Chinese owners, the name is irrelevant: the rugged peak is packed with copper, silver and molybdenum, an element used in alloys. It could be worth as much as $50bn (£30bn). Toromocho must go. And so must the people living there. The […]
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Chinese Foreign Minister Yang Jiechi held talks on bilateral ties with Suriname’s Foreign Minister Winston Lackin here on Wednesday. Yang hailed the achievements of China-Suriname cooperation since the two countries established diplomatic relations in 1976. As developing countries, both China and Suriname face major tasks in developing their economies and improving people’s livelihood, Yang said, […]
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Bolivia’s La Paz state government Tuesday presented China’s ambassador to Bolivia Li Dong with 10 projects, hoping to secure investment and cooperation from China for industrial, production and food development. “The meeting with China’s ambassador is positive and we are certain these projects are going to be undertaken in the short- and medium-term,” La Paz […]
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Source Spanish: Clarin According to a study by the Brazil-China Business Council, 44 Chinese companies, both public and private, have invested USD 68.4 billion in Brazil between 2007 and 2012. USD 24.4 billion of the investments are for projects that are still under development. The investments include 60 projects related to natural resources, raw materials, […]
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From satellites to inter-oceanic canals, the most innovative or ambitious investments in Central America are coming from China – even though six of the seven countries in this sub-region do not have diplomatic ties with the Asian giant. But Central America is failing to convert China’s major expansion in trade and industry here into increased […]
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Foreign direct investment between Asia Pacific and Latin America grew by 8% in the first half of 2012 China could become the largest trading partner of Latin America in 2017, as confirmed by the Economic Commission for Latin America (ECLA). Economists say that the EU financial problems open the way to China in Latin America. […]
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Unionjalisco.mx reported that China announced today that it will negotiate with Mexico a negotiated solution to the Latin American country’s demand for the alleged subsidies to Chinese textile producers. “China will respond appropriately to the call to resolve the dispute in accordance with the procedures of the WTO,” said Chinese Commerce Ministry. The announcement came […]
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According to eluniverso.com, Ecuador and China signed seven agreements on cooperation, trade and security, reported Saturday the Ecuadorian Foreign Ministry. The agreements were signed yesterday in his meetings Trade Minister of the Republic of China, Chen Deming, with various government representatives. “During the meeting they expressed the willingness of China to establish a car factory […]
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Vistazo.com reported that Ecuador is trying to attract more investors in China to boost its development, especially in infrastructure and mining, which already gives greater Chinese presence in the country, explained to Efe today Coordinating Minister for Production, Jobs and Competitiveness, Santiago Leon. Read Article
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China’s need for vast amounts of minerals to sustain its high economic growth rate has led Chinese investors to acquire stakes in natural resource companies, extend loans to mining and petroleum investors, and write long-term procurement contracts for oil and minerals in Africa, Latin America, Australia, Canada, and other resource-rich regions. These efforts to procure […]
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Didn’t use traditional method of transporting – used liquid cocaine wrapped in latex— Semana.com reported – Two Colombians are condemned to death in China. In that same distant place, five others already sentenced to prison for life, and 25 more with sentences ranging from 12 to 20 years in prison. In Hong Kong, there are […]
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Latin America may jeopardize prosperity of recent years if you take into account a possible deterioration in the Chinese economy, which may affect its massive exports of raw materials to China, an expert said today in a parliamentary forum that discusses the topic in Panama. The economist and former presidential candidate Rican Otton Solis, who […]
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Police in Hong Kong won the largest seizure of cocaine in its history, to seize over 560 kilograms (1,200 pounds) of the drug, and arrested eight people, including five Mexicans, said Monday authorities. The Office narcotics agents attended an anonymous tip and raided a warehouse in a suburb of Hong Kong and three other locations […]
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Abstract The objective of the article is to broadly analyze the relationships between China and Latin America. The focus of the analysis is on China’s attempt over the past few years to tighten its economic relationship with Latin American countries, alongside the risks and challenges that this implies. On the other hand, the case of […]
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Abstract/The China Quarterly – Analyses of Chinese foreign direct investment (FDI) sometimes question the investment criteria of Chinese firms, suggesting that market rules are not fundamental but secondary to political and geostrategic concerns. Questioning the apolitical nature of markets, the present article uses the internationalization of China’s mining industry as a case study to ascertain […]
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One of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) has been authorised to operate in Brazil, indicates a Brazilian government decision published on Thursday in the official gazette. Read Article
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Skip Police arrested four subjects who moved to Chinese entered the country illegally. Police broke up a band that Skip was involved in human trafficking. The operation was performed on Provincial Route 5, near Las Lajitas. Salta was arrested four who were traveling in two cars, a Chevrolet Astra and Toyota Corolla, both recent bill, […]
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The National Chamber of Tourism ( Canatur ) reported that the Peruvian authorities, in partnership with the private tourism sector, enact mechanisms to facilitate the delivery of tourist visas to Chinese citizens who wish to know Peru. Read Article
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At least 38 Chinese companies have taken the baton of strategic projects and construction sectors in Ecuador. The fifteen major contracts handled by $ 6,270 million, according to the Ecuadorian Chamber China. These seven have been designated to build hydroelectric projects. So over Sinohydro for Coca Codo Sinclair, International Water and Electrical Corporation (CWE) is […]
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The Mexican Navy seized at the port of Lazaro Cardenas, a shipment from China with 136 tonnes of precursor chemicals used to manufacture synthetic drugs, and bound for Honduras, officials said. The Secretary of Navy of Mexico (Semar) said in a statement that the substances were found in 1,748 barrels within seven containers of the […]
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The Ministry of Defense of Peru would have taken the decision to cancel the acquisition of Air Defense System, which was awarded in February to Northrop Grumman Consortium (USA), Rafael Advanced Defense Systems (Israel) and Bumar Group (Poland). The decision, according to unofficial information, respond to claims submitted by bidders, especially CPMIEC (China Precision Machinery […]
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Contract is directly between the Ministry of Transportation and company invited, do not pass the process on the procurement portal. Delek. – The construction of 16 kilometers of asphalt road between Delek, Surampalti-Bayandel-Cholapamba-La Loma-Gulanqui, demands an investment of six million dollars to be financed by the Ministry of Transport and Public Works. Read Article
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During journey made by Assemblyman Galo Lara, a member of the Oversight Committee and Political Control of the National Assembly, noted that the radar could YLC-18 M-that is borrowed, is operational, while the other YLC-18-which was purchased -, is not in operation….However, outside the fines should be considered provided that the radar is still not […]
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According to the agency Noticias Argentinas, in the last five years, murdered a person per month in acts of this type. In Argentina there is a community of 100 000 Chinese inhabitants and around 10 000 supermarkets, whose owners were often blackmailed into paying an amount ranging 50 thousand pesos a year as “canon”, under […]
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Police found a half ton of cocaine marked with symbol Red Dragon East and camouflaged between chicken and potatoes. An unsolved mystery. This is the first time police confiscated a shipment of cocaine with the seal of mythological Red Dragon. The data of the informants was necessary. Half a ton of pure cocaine was hidden […]
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Growth in Ecuador may continue its upward trend in early-2012 as a series of supply shocks and geopolitical risks keep oil prices elevated, according to Capital Economics. With average Oriente crude prices rising by around 35 percent year-on-year in 2011, the economy seems to have grown by over 8 percent. Despite stagnant production growth, the […]
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The Inter-American Development Bank (IDB) announced Monday the establishment of an investment fund in Latin America and the Caribbean with China worth U.S. $ 1,000 billion focusing on sustainable development projects. The fund, expected to start operations later this year, is the result of a letter of intent signed by the IDB and the Export-Import […]
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The Chinese government said today that China is cooperating with Ecuador on the basis of mutual benefit and respect its laws, including environmental, in response to the protest that took place this week in Quito against the start of a major mining project in the Andean country with investment china. Read Article
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Bolivian President Evo Morales, today signed contracts for the implementation of a sugar mill in the town of San Buenaventura, from the department of La Paz. The Chinese company Camce will be responsible for constructing the work in 33 months, whose infrastructure and operation cost $ 168 million, which will be covered by the Central […]
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The Non-Renewable Resources Minister, Wilson Pastor, said a few minutes on Monday at 17:30 in the hall of the Palace of Carondelet Amarillo will be signed the first contract for the exploitation of large-scale mining. The agreement was signed between the State and the Chinese company Ecuacorriente (ECSA) operating within the Mirador project located in […]
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This Monday afternoon marked the beginning of the signing of agreements between the Bolivarian Republic of Venezuela and the Republic of China, carried out in PDVSA La Campina. The People’s Minister for Petroleum and Mining, Rafael Ramirez, executive vice president, Elias Jaua, the Minister of Popular Power for Commerce, Edmee Betancourt, among others, and the […]
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Brazil plans to impose strict quality controls on imports from China and other Asian nations to prevent an influx of cheap goods, the newspaper O Globo yesterday. Border control would ensure that imports from Asia, particularly China, meeting the standards established by the National Institute of Metrology (Inmetro) and meets the safety standards applied to […]
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The sale of the subsidiary of Standard Bank Argentina became official yesterday after a meeting between President Cristina Kirchner with the head of the Central Bank of Argentina (BCRA), Mercedes Marco del Pont, and representatives of the group of Chinese investors. The acquisition was carried forward by Industrial & Commercial Bank of China (ICBC) and […]
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Seven regions, excluding Lima and Callao, gathered in 2011 to 73% of Peruvian exports to China, the destination of Peruvian products, reported the Business Research Center of the National Chamber of Commerce, Production and Services (Perucámaras). These regions are: Ica, Ancash, Arequipa, Moquegua, Pasco, Piura and Cusco. Ica last year accounted for 21.9% of Peruvian […]
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A delegation from Chinese company Exxon Mobil will visit Peru around midweek to enquire about the country’s oil potential, Aurelio Ochoa, the president of the state licensing agency for hydrocarbon exploration, Perupetro said. Exxon Mobil, one of the main oil companies worldwide, operates in more than 40 countries. Its activities include the exploitation, production and […]
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As soon asked by imports from China, the face of Luis Gustavo Florez gets tense. The president of the Colombian Association of Manufacturers of Footwear, Leather and Articles Thereof (Acicam) makes it clear that illegal purchases from the Asian giant is mainly responsible for employment in the sector has suffered a fall of 7.6% between […]
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Cuban Vice President of the Council of Ministries, Ricardo Cabrisas, met with the Chinese Head of Commerce, Chen Deming, to sign 16 agreements for economic cooperation from 2012-2016. According to prensa-latina.cu, these agreements cover cooperation in the areas such as agriculture, health, and biotechnology. Cabrisas sees China as a source of stability in a time […]
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A Chinese committee including representatives of banks and companies will visit Venezuela on January 10 to review cooperation projects and inject more resources to a millionaire common development fund. “On January 10 another Chinese mission will come to Venezuela for more projects,” said Venezuelan President Hugo Chávez. The visit will focus on the areas of […]
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Argentina and Brazil began Wednesday to define products that will raise import tariffs, in an attempt to protect its industry from the global financial crisis. The customs union Mercosur, comprising Argentina, Brazil, Paraguay and Uruguay on Tuesday authorized each of its members to raise tariff rates of 100 positions to avoid a flood of goods […]
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Mexican soldiers seized 205 tons of a chemical precursor used for the manufacture of synthetic drugs in one of the Pacific Mexican ports from China, the government reported Thursday.The monomethylamine was found in 11 containers seized at various events during the first days of December in the port of Lazaro Cardenas (Michoacan, west), the attorney […]
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Senior Chinese and Bolivian military officials pledged here Monday to strengthen bilateral military ties. The pledge came during the meeting between Vice Chairman of China’s Central Military Commission Xu Caihou and Armando Pacheco Gutierrez, the visiting Commander of the Armed Forces of the Plurinational State of Bolivia. Read Article
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