On Tuesday, December 6, news broke that the government of Panama had awarded a $1.4 billion contract to a Chinese consortium to initiate a new infrastructure project on the Panama Canal. The new contract will allow the Chinese consortium to begin construction of a massive bridge over the Panama Canal connecting Panama City to its western suburbs. This deal comes directly after Chinese president Xi Jinping paid a visit to Panama—the first Chinese leader ever to do so—during a 4-part tour to Spain, Argentina, Panama and Portugal. President Xi’s tour overlapped with the occurrence of this year’s G20 Summit in Buenos Aires.
Historically, Uruguay’s top trading partners have been its two neighboring countries, Brazil and Argentina. As a member of Mercosur, the Southern Cone Common Market, composed of many Latin American nations, the Pacific bordering nation has enjoyed elite trading opportunities between the other Mercosur members (Australian Government).
China’s involvement in Latin America has been rapidly increasing in the past two decades with Chinese companies investing over $110 billion since 2003, but primarily in the last five years. The nature of these investments has been changing as well.
Latin America may be the last place you would expect to see someone who is Chinese. Yet surprisingly, scattered around Latin America, there are many pockets of Chinese immigrants, many of whom consider these nations home. In the areas where there are large Chinese populations, you may even find a Chinatown or un barrio chino.
O mundo todo assistiu quando a presidenta Dilma Rousseff foi oficialmente afastada do governo brasileiro no dia 31 de agosto. O ex-vice presidente Michel Temer agirá como o presidente até as novas eleições em outubro de 2018. Ele terá muitos desafios macroeconômicos para resolver, incluindo quase 12 milhões de brasileiros desempregados, uma economia que encolheu 3,8% no segundo trimestre de 2016 e a inflação chegando aos 10% (“Time for Temer”, 2016). Quais são os desafios principais que Temer vai confrontar, e o que ele está fazendo?
Con la partida de los espectadores de la Copa, Brasil vuelva a la normalidad, libre de las distracciones la ola de nacionalismo producidos por el fútbol. Las elecciones presidenciales de Octubre se acercan, y la presidenta Dilma Rousseff deberá superar varios obstáculos en su búsqueda de la reelección. Por debajo de la emoción de la Copa, una serie de cuestiones sociales, económicas e internacionales nunca dejaron de agitarse.
The economic relations between China and the Community of Latin American and Caribbean States (CELAC) strengthened significantly as the two actors recently established a bilateral forum. This move will have substantial implications for development in Latin America as China has already promised USD 10 billion in credit to CELAC members and a USD 5 billion fund for Chinese-Latin American investments.1
Oil prices are rapidly falling, thus Venezuelan President Nicolas Maduro decided to make an important trip this past Monday. He announced in a public address on Sunday evening, “I leave on a very important trip to deal with new projects… and the decline in revenues that are the product of the sharp decline in oil prices.”1 First stop, Russia.