No winners in the trade war, but Latin America not losing badly. Yet.

阅读更多关于此新闻的文章,请点击链接: 在贸易战争中没有获胜方,但是拉丁美洲还没有惨败_麦克德翰姆

President Trump’s trade war has begun,  and so far it doesn’t look “good, and easy to win.”

Chinese observers have focused on the impact on US soybean prices (美国挑起贸易战 中方强势反击美大豆两月跌18%); the need to turn from US soybeans to Argentina and Brazil (中储粮宣布:停止购买美国大豆!巴西、阿根廷等替补全体登场!); and that this makes the region a vital supplier of soybeans  (中国大豆进口间接帮助拉美成为世界农业出口重地).

Business leaders and policy-makers in the region that see opportunities face challenges. Argentina’s President Mauricio Macri is rumored to see the war as an opportunity for his country to make up lost ground in being China’s breadbasket. His problem is that Argentina "has nothing to sell" — the country lost 40% of its soybean crop this year to drought. Even Brazil — the world’s biggest soybean exporter — has been hampered by the end of its soybean harvest season and a 14% drop in prices over the past month, according to the Brazilian Foreign Trade Association.

Outside of soy, the immediate impact on Latin America has been limited. But observers in region sees bigger challenges the longer this drags on.

Mexico is the worst off, thanks to the double impact of the trade war and NAFTA uncertainty. Luis Miguel González Editor in Chief of Mexico’s respected El Economista lists five ways the trade war will affect his country: slower growth, higher inflation, supply chain disruption, tariff hikes, and a collapse in world trade. All this will make it difficult for Mexico’s ongoing efforts at diversification in the shadow of NAFTA negotiations — Japan’s Jtekt is putting on hold its plans for expansion in the Bajío automotive cluster until it knows how NAFTA will play out.

José Manuel Restrepo, economist and rector of Colombia’s Universidad del Rosario, sees three effects on his country and its consumers:

  • A slowdown in the economies tied up in the trade war (the US and China) will lessen demand for Colombia’s exports.

  • Exchange rate volatility that will dampen business confidence.

  • Tariffs on primary materials — like steel and aluminum — will adversely impact the industries that use those as inputs.

Trinidad and Tobago officials are sanguine. And Moody’s and ComexPerú don’t see bad news for Peru in the short term, thanks to a diversified group of export markets, with roughly a quarter of exports going to North America, Latin America, Europe, and Asia. However the country — along with Chile — has been impacted by a 10% decline in the price of copper over the past month due to commercial tensions.

Chilean observers note that not only will the decline in the price of copper impact the country, but that any benefit from tariff on US agriculture exports to China may be offset by increased US ag exports elsewhere — although wine exporters like Concha y Toro (智利葡萄酒生产商看到开拓中国市场的良机 ) are bullish. Says Association of Fruit Exporters (ASOEX) head Ronald Bown: “we don't know who is going to win or lose; we preferred that conditions were as they had always been."

Most expect the trade dispute over soon — Gustavo Oliveira at Swarthmore sees an agreement reached in months. And certainly Argentina hopes that Trump and Chinese President Xi Jinping will “smoke the peace pipe” at the G20 Summit in Buenos Aires in early December. In the words of Chilean Agricultural Antonio Walker, Latin America hopes “not to pay for the plates broken in this trade fight between” the US and China. Given Trump’s obstreperousness, however, it looks like Latin America and the world will have to pay before it’s over.

Top Stories

China negocia un TLC con Panamá con miras a toda América Latina — HISPANTV
China y Panamá negocian TLC pensando en expandirse a América Latina — El Economista
Panama and China Kick Off Free Trade Talks With Eye Regional Hub – gCaptain
China y Panamá negocian TLC, pero con la vista puesta en Latinoamérica — Estrategia y Negocios
China negocia acordo de livre-comércio com Panamá, de olho na América Latina — Jornal do Brasil
Empresarios panameños reconocen TLC con China como una oportunidad con desafíos — Xinhua
Taiwan isolation pays off for Panama as China opens free trade talks — SCMP
China and Panama began negotiations on a Free Trade Agreement (FTA) this week. In addition to the bilateral benefits, Chinese Foreign Minister Wang Yi sees Panama as a connection to deepen his country’s economic and diplomatic presence in Latin America.

Perú planea crear reserva natural frente a costa norte del Pacífico en el primer trimestre de 2019 — América Economía
Peru will create a 1040-square kilometer oceanic reserve off its north coast in the first quarter of 2019. Fishing and oil exploration and production will continue to be allowed in the region, as long as it does not impact the maritime ecosystem, according to Environmental Minister Fabiola Muñoz. Currently Korea’s KNOC, Australia’s Karoon Gas, and China's CNPC all have E&P licenses for the region.

Brazil sees China investment slowing after soaring in year's first half — Reuters
Secretary for International Affairs at the Brazilian Ministry of Planning Jorge Arbache rains on our parade. After growing 2.5x in the first half of the year, he expects Chinese investment in Brazil to slow out of uncertainty surrounding the coming October presidential election:

“It’s possible they would invest more than last year. It wouldn’t surprise me. But from the conversations we are having with Chinese and non-Chinese, the tendency is to postpone until next year.”

Cancillería japonesa destaca el interés de Colombia por hacer parte del TPP — La República
Japan’s Foreign Ministry Director General for Latin America and the Caribbean Takahiro Nakamae says that bringing Colombia into the soon-to-be-launched Trans-Pacific Partnership is “very important."

China — LAC

矿业部副部长鼓励中国银行对智利进行投资 — SAO News
Bank of China busca opciones de negocio en Chile tras recibir permiso para operar — La Tercera
Subsecretario de Minería se reúne con representantes de Bank of China — Minería en Línea
Bank of China looks to expand it’s operations in Chile. After getting permission to operate in March, this week the bank sat down with Mining Sub-secretary Pablo Terrazas to explore lending to the sector.

中远航运有意投资秘鲁港口 — Gangkou CNSS
According to Peruvian Deputy Transportation Minister Carlos Estremadoyro, COSCOhas begun evaluating a $2b investment in Chancay port.

Se ha firmado contratos de parque eólico Loma Blanca y Miramar con Goldwind, 355MW en total. Con una inversión de más de 800 millones de dólares. O sea una de las inversiones más grande del año 2018 en Argentina. — Powerchina Argentina
Powerchina has signed a $800m deal to help Goldwind build the Loma Blanca and Miramar windfarms in Argentina.

比亚迪向圣地亚哥公交系统出售百辆电动车 — MOFCOM
Empresa china aumenta exportación de autobuses eléctricos a Chile — People’s Daily
Further news on BYD’s sale of 100 electric buses to the Transantiago system.

Chile impulsa el proceso de apertura para las peras en el mercad — Marco Trade News
Chile espera poder exportar peras a China en 2019 — Xinhua
Chile’s Fruit Exporters Association (ASOEX) says it has gotten approval to begin the exporting of Chilean pears to China in March of next year.

报告显示中企成为拉美企业并购重要投资者 — JRJ
A read out of last week’s ECLAC FDI report.

Brazil mulls WTO complaint over China poultry, sugar barriers — Reuters
Brazil says it may escalate the ongoing dispute with China on sugar and chicken to the World Trade Organization. It’s almost like the WTO was designed to handle these disputes.

U.S. May Not Want Free Trade With China, But Uruguay Sure Does — Bloomberg
Bloomberg notices that Uruguay is chomping at the bit for an FTA with China.

Bolivia abre las puertas a Chile para que se sume al tren bioceánico de $us 14.000 millones — Consulado General de Bolivia en Buenos Aires
To make the troubled Bi-oceanic train to happen, Bolivia is apparently willing to overlook its enmity and loop in Chile.

Iberia prevé aumento de 6% en asientos en vuelos con América Latina en 2018 — Estrategia y Negocios
Iberia sees its Madrid-Shanghai flight connecting to its many flights to Latin America as a key axis in the growing Latin America-China relationship.

El mercado del vino argentino crece lentamente en China — Los Andes
Argentine wines struggle to gain market share in China. In addition to the 14% tariffs they face, taxes and transport costs all add up to an almost 50% mark-up.

Relato de una visita histórica a China — El Día
China en hora crucial ante EE.UU. y la expectativa en el Caribe, incluyendo RD — Noticias SIN
China: Una potencia que crece constantemente — el Caribe
China invited a gaggle of journalists from the Dominican Republic to visit their country in the soft-power hard sell following the establishment of diplomatic relations.

Barrick y china Shandong Gold evalúan potenciales adquisiciones conjuntas — La Tercera
Barrick Gold and Shandong Gold are going to deepen their partnership at looking at mining opportunities in Latin America.

El litio, China y el interés nacional — El Mostrador
In a long op-ed, El Mostrador cautions against letting Tianqui buy the stake in SQM that it wants without a clear understanding of the threats to Chile’s sovereignty and making sure the deal is even-handed.

China’s Belt and Road difficulties are proliferating across the world — FT
China’s Belt and Road lands in Latin America — Diálogo Chino
The Dialogue’s Ricardo Barrios profiles what the opening of the Belt and Road Initiative to Latn America means, and the challenges the region can face, which reflect growing pains for the BRI around the world.

Chinese Media and Latin America: “Borrowing a Boat” to Set Sail — Jamestown
China is also using soft power to sell Latin American journalists on the Belt and Road.

Cumbre China-LAC afianzará relación comercial con países de Latinoamérica y El Caribe — Agencia Andina
The 12th China-LAC Business Summit — set for Zhuhai November 1-3 — was officially launched this week.

China loans make Venezuela’s outlook more precarious — Petroleum Economist
Another look at how Venezuela’s China lifeline is looking evermore tenuous.

China envía una misión de Defensa a la Argentina para avanzar en un acuerdo de producción militar conjunto — Info BAE
China y Argentina avanzan en un acuerdo de producción militar — La Radio de Martín Grande
China and Argentina are planning on signing an agreement early September to jointly build military planes and boats in Argentina.

Macri resalta beneficios para Argentina de línea ferroviaria en la que colabora China — Xinhua
Argentina’s President Macri likes the locomotives that the Belgrano Line got from China.

Korea — LAC

Exclusivo: divórcio da Hyundai pode render US$ 10 bi ao Grupo Caoa — Estadão
Hyundai’s messy litigation with Caoa in Brazil could cost it $10b — or more — and has been kicked up to arbitration in Frankfurt.

Colombia aumenta sus ventas de claveles a Corea del Sur — 20 Minutos
Colombia sold 65% more carnations to South Korea in 2017 than it did the year before.

"Está naciendo la nueva cooperación de la diplomacia” — BAE Negocios
At the Korea-LAC Future Cooperation Forum, South Korean Foreign Minster Kang Kyung-wha says it’s important to connect Korea with Latin America, and he sees the coming Mercosur-Korea FTA talks as a  key component of that connection.

7° Fórum Brasil Coreia — Unisinos
Unisinos University in Porto Alegre will host it’s Seventh Brazil-Korea forum this August 22-24.

Adex: Exportaciones peruanas a Corea del Sur suman unos US$ 950 millones entre enero y abril — En Linea
Peruvian exports to South Korea for the first four months of the year were just under $1b, up 90% over the year before. Natural gas and copper drive the exports.

Japan — LAC

Argentina inicia la exportación de carnes a Japón — El Observador
Argentina will begin exporting beef to Japan with some fine cuts sent on a flight August 16th.

Japón, el segundo mercado más importante para el tequila mexicano — El Financiero
With two million liters (worth $23.6m) imported last year — a 53% increase on the year before — Japan is tequila’s second largest export market. ¡Salud!

El gigante japonés Dentsu se expande en la argentina y compra la agencia Global Mind — La Nación
Japanese PR giant Dentsu Aegis Network has bought Argentina’s Global Mind.

India — LAC

Sterlite Power to invest $4 billion in Latin America in transmission projects — Moneycontrol
Sterlite continues to eye expansion in Latin America.

Chile launches campaign to promote kiwifruit in India — The Hindu Businessline
Buying into the idea that “India is the next China,” Chile’s ASOEX is beginning to push kiwis to India.

ASEAN & Oceania — LAC

Fruta fresca nacional: misión de Malasia en Perú para tratar exportación — Agencia Andina
Malaysia tries to get in on the game. Sanitary specialists from Malaysia’s Agriculture Department are visiting Peru this week to discuss opening exports to their market of avocado, blueberries, grapes, and citrus. Export of grapes to Malaysia was suspended last year due to fungal fears. Peru is also discussing access for its fruit exports to Thailand, the Philippines, Japan, Vietnam, India, China, and South Korea, among other countries.

GCC — LAC

UAE and Chile bolster relations, will build new facilities, rep offices — Khaleej Times
The United Arab Emirates and Chile plan to set up a huge storage and logistics facility in the UAE for perishable goods, supposedly to be built in three years. The two countries also plan to exchange trade rep offices.

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What does AMLO mean for the China-Mexico relationship?

阅读更多关于此新闻的文章,请点击链接: ALMO对中墨关系来说意味着什么?

Andrés Manuel López Obrador (invariably known as AMLO) did even better than expected in Sunday’s elections in Mexico. When he is inaugurated in December, it will be with a strong mandate (53% of the vote) and his coalition will have a comfortable majority in Congress. But (per Title VIII Art 135) his Morena party alone will not have a big enough majority to change the constitution, so recent reforms like in the energy sector might remain untouched.

The first-elected mayor of Mexico City and perennial presidential candidate, AMLO is better described as a Mexican nationalist rather than a leftist. His advisor are broadly divided into two camps: pragmatists, notably the majority of his future cabinet members; and the radicals, sidelined for now but who still have access to the president-elect’s ear. And his collaboration as mayor with businessmen like Carlos Slim shows that he’s not a dyed-in-the-wool anti-capitalist.

Despite fears that they would immediately begin antagonizing each other, AMLO and US President Donald Trump promised to have a constructive relationship. The suggestion of Lingnan University economics professor Jesús Seade Helú to join the Mexican NAFTA negotiating team indicates that AMLO is willing to try to work towards a compromise with his neighbor to the north.

While the peace between Trump and AMLO lasting is probably unlikely, the more interesting question may be: What does AMLO mean for China-Mexico relations? Since Donald Trump took office, we've noticed a bilateral uptick in the efforts to strengthen and expand the relationship. On broad political grounds, AMLO and China share a common antagonist, so from that standpoint, they should remain friends. The question really comes down to the economics and whether the "pragmatists" or the "radicals" hold more sway in the government. Some of the questions that that struggle will determine:

  • AMLO last week threatened some light import-substitution, saying that hats and shoes should be made in Mexico, not Asia. Will he become more protectionist?

  • What does AMLO do in response to the US? As the more sensationalist headlines ask: “Can Mexico and China make an economic alliance against Trump?"

  • Mexico has pursued other options (TPP, Pacific Alliance, a free trade agreement with China) as a response to concerns about US commercial policy and the future of NAFTA. Will AMLO continue that pro-trade push? Even when it conflicts with his protectionist views on the Mexican agriculture sector? Even if he does — will it be enough?

  • Further to that end, will a nationalist AMLO bring Mexico into the Belt and Road Initiative, as Chinese Ambassador Qiu Xiaoqi encourages?

  • China has asked Mexico to pay $600m for cancelling the the México-Querétaro High Speed Rail project in 2014. AMLO's approach to this sensitive issue could color the whole bilateral relationship. What will he do?

  • Investment from China, Korea, and Japan has been strongly focused on the automotive cluster in Mexico’s Bajío. Will uncertainty about AMLO or protectionism from Mexico slow that down?

  • What does AMLO do if (when?) the Mexican economy — which will still be completely dependent on a US economy at the top of the business cycle — slows down?

Top Stories

Empresas de India, Colombia y China ganan concesiones eléctricas en Brasil — Brasil Electricidad
ISA, India Sterlite y estatal china ganan licencias para red eléctrica en Brasil — La República
India's Sterlite, China's State Grid win Brazil power licenses — Money Control
India's Sterlite, China's State Grid, and Colombia's Isa were all winners in a R$6b ($1.55m) transmission line concussion auction in Brazil last week. Sterlite, which only entered the Brazil market last year won big with R$3.6b ($920m) for six concessions totaling 1859km of transmission lines across Ceará, Río Grande do Norte, Paraíba, Sergipe, Bahía, Goiás, Pará and Minas Gerais. ISA subsidiary CTEEP won two concessions totaling 69km of transmission lines in Santa Catarina and São Paulo at R$880m ($224m). State Grid subsidiary CPFL won a R$102m ($26m) concession to build a two kilometer transmission line and a substation in Ceará.

China Bails Out Petrobras's $14 Billion Refinery Misadventure — Bloomberg
Brazil's Petrobras, China's CNPC sign letter of intent — Reuters
Petrobras-CNPC talks put China closer to first Americas refinery — Reuters
CNPC is moving forward on helping out Petrobras with the ill-starred Comperj refinery in Rio de Janeiro. The graft-stricken fourteen year old refinery project has already cost $13b and is believed to need an additional $3b to complete; it has been on hold as the Lava Jato corruption investigation continues. CNPC is also looking at investing in the nearby Marlim offshore oil field.

Foreign Direct Investment in Latin America and the Caribbean Falls for the Third Straight Year in 2017, Totaling $161.673 Billion Dollars — ECLAC
On a World Cup-free day, the UN’s Economic Commission on Latin America and the Caribbean issued their Foreign Direct Investment in Latin America and the Caribbean 2018 report. While overall FDI is down, China continues to be a driver: “China is investing less worldwide, but more in Latin America.” Given all the activity we have seen year-to-date, we expect China to remain a significant driver in next year’s report.

China — LAC

Oi reestructura crédito con China Development Bank — Lex Latin
Oi, the perpetually-troubled Brazilian telecom firm, has come to an agreement with China Development Bank to restructure its $671m credit line. Hopefully this means an end to the bankruptcy process, soon.

Venezuela Says China Investing $250 Million to Boost Oil Output — Bloomberg
Venezuela says it will receive $250 mln from China to boost oil output — Reuters
China Approves US$5Bn Loan For Venezuelan Oil Development — Telesur
China ‘to invest US$250 million’ to boost Venezuela’s oil sector — SCMP
Good money after bad? China Development Bank is said to have agreed to invest more than $250m in PDVSA’s development of the Orinoco heavy oil belt. and China National Petroleum Corporation. A larger $5b loan from the government of China to Venezuela is also said to have gone forward, but details are sketchy.

Mercosur: Marito y Tabaré Vázquez quieren acercarse a China Continental — Ultima Hora
Paraguay será un aliado de Uruguay en las negociaciones del Mercosur con China y la Unión Europea — Presidencia de la República Oriental del Uruguay
Paraguay’s President-elect Mario “Marito” Abdo Benítez visited with Uruguayan President Tabaré Vázquez. While couching it in his country’s diplomatic relationship with Taipei, Abdo said he thought Mercosur should pursue a Free Trade Agreement with China.

China Taps the Brakes on Its Global Push for Influence — NYT
Just as Latin American countries are beginning to join, is the Belt and Road Initiative (BRI) becoming yesterday’s news? According to the New York Times, the value of the deals in BRI is smaller than a year ago.

Fabricante chinesa de moinhos de trigo terá Brasil como base para América Latina — Globo
Chinese flour mill machinery producer Pingle is opening a $1m marketing and technical office and parts warehouse in Ponta Grossa in Paraná in September. A small office, but proof that Pingle sees big potential in the region — their are plans for a machine factory, as well.

Exportaciones de vino embotellado chileno sube en primeros 4 meses — Xinhua
Llega concurso de vinos orientado a China — Economía y Negocios
Over the past 12 months, Chilean wine exports to China have increased 27% to $267m. The arrival of the WinEvaluator jury to rate Chilean wines for the Chinese audience in October will only help matters.

Briga comercial entre EUA e China favorece Brasil, avalia economista — Metrópoles
Brasil pode ganhar R$ 28,5 bilhões com guerra comercial China-EUA — Folha
China da batalla a Trump — El Heraldo de México
Brazil's Soy Premium Doubles as U.S.-China Bicker Over Trade — Bloomberg
China to Cancel More U.S. Soy Shipments as More Tariffs Loom — Bloomberg
Ahead of tonight’s midnight (EDT) imposition of a 25% tariff on $34b of Chinese goods by the US, Latin America continues to see whether they can benefit. The most bullish is Brazil, who has seen soybean prices surge. However, the Brazilian harvest season is just about over, so real benefit won’t be seen for another six months. And by then we could be in a full-on 1930’s-style trade war, in which no one will win.

Proyectan que la producción agropecuaria crecerá 17% en América Latina — Clarín
Agro-industry in Latin America is expected to grow 17% over the next decade according to the OECD and FAO, with Chinese demand for soy being the biggest driver.

Presidente argentino se reúne con alto funcionario del PCCh — Xinhua
Brazilian president meets senior CPC official on ties — ECNS
Brasil e China negociam ampliar parcerias em vários setores — Globo
Cooperação entre Brasil e China é tema de audiência no Planalto — Planalto
Yang Xiaodu, Communist Party of China Politburo member and deputy secretary of the CPC Central Commission for Discipline Inspection, visited with Presidents Michel Temer and Mauricio Macri on a trip through the southern cone.

Proponen comisión para impulsar relaciones R. Dominicana y China — Al Momento
Impulsarán relaciones económicas RD y China — Diario a Diario
Chile se ofrece para ser puente entre RD-China — Listin Diario
Chile se ofrece como puerto de la República Dominicana en el Caribe — América Económica
Empresarios de China están interesados en invertir en República Dominicana — El Día
China and the Dominican Republic continue to get to know each other better in the context of their diplomatic relations. And Chile, never one to miss an opportunity, is offering to be a gateway between the two.

E o Brasil? Honor chega à América Latina e anuncia lançamento de smartphones em alguns países —  Tudo Celular
Honor, la nueva marca de 'smartphones', llega a Colombia — Vanguardia
Award-winning Honor Smartphones Launch in Latin American Markets — Cision PR Newswire
Honor, China’s most popular “digital native” smartphone, is launching this week in Colombia, Mexico, and Bolivia. It hopes to become available in Chile, Peru, Argentina, Costa Rica, Panama, and Guatemala by the end of this year. Brazil asks: what about us?

Galleons Passage seaworthy — TT Newsday
No words.

Goldwind, da China, entra no Brasil com US $ 270 milhões — O Petróleo
China quer se tornar próxima potência de energia limpa — Jornal do Brasil
China is pushing to be the world’s next clean energy superpower. To that end, the country’s Goldwind has announced a deal to supply 242 turbines (for a total 363MW) for Energimp. The deal, Goldwind’s first in Brazil, takes over the contract of Argentina’s Impsa.

Parlatino y Gobierno de China suscriben acuerdo de cooperación en Panamá — TVN
Latin American Parliament (Parlatino) and the government of China have signed an MOU to pursue cultural interchange. Could this be an opportunity for countries without diplomatic relations to engage China through Parlatino?

La china BYD recibe desde Chile el mayor pedido de buses eléctricos de Latinoamérica — Diario Financiero
Correcting something we said in our email last week, 200 BYD and Yutong buses will be circulating in Transantiago’s bus system by the end of the year. BYD has two prototypes on the road for testing now, and will have 100 in Chile by the end of November.

China’s game of debt — Daily Express
A scathing challenge to what is seen as Trinidad and Tobago’s dependence on the “easy money” from China that begins with a reference to Wu Tang's "Enter the 36 Chambers."

Colombia lanza su nueva campaña de promoción turística en China — El Espectador
La campaña con la que Colombia quiere atraer turistas chinos — Portafolio
The “Colombia, tierra de sabrosura” campaign is designed to increase the number of Chinese tourists to Colombia. 

Minera china deberá pagar US$ 4,7 millones a Puerto Caldera — Diario Financiero
Stemming from a 2013 dispute, Chile’s Supreme Court has ruled that  Jiangsu Huitai’s subsidiary CCA Chile Inversión y Desarrollo has to pay $4.7m to the management of Puerto Caldera for contracted facilities that were never used.

China’s firms are scouring the world for mineral ores in pursuit of nation’s electric dream — SCMP
Jiangxi Ganfeng Lithium is supposedly seeking a $1b IPO in Hong Kong to raise funds toward the development of a mining project in Argentina. Unclear if that is separate from their existing Cauchari-Olaroz project in Jujuy.

Trustee alleges HSBC actions scuttled sale of China Fishery's Peru assets — Seafood Source
Something fishy? The ongoing China Fisheries drama has taken an interesting turn, as trustee William A. Brandt, Jr., has sued HSBC for "malicious behavior that contributed to the insolvency of" seafood giant China Fishery.

Ground to be broken for Jamaica-Gansu industrial park in December — Jamaica Observer
Bilateral trade between Jamaica and China expanding — Loop Jamaica
Jamaica: Work on China-backed industrial park starts January, says Henry — St Lucia News
Ground will be broken for the Jamaica-Gansu Special Economic Zone and Industrial Park at the end of the year. Jiuquan Iron and Steel Company (JISCO) — which already operates the Alpart alumina project there — plans to invest $3b in the park. Along with an expansion of existing facilities, JISCO expects to invest $6b over the next 2-8 years.

Primera exportación de arándanos a China: Viajarán inspectores chinos — Argentina Blueberry
Argentina is expecting to send its first blueberries to China in September, following a final inspection visit this week. Argentina has a 30% on its blueberry exports to China (compared to 0% for Peru and Chile), but is hoping to lower it soon.

As Taiwan Drops Diplomatic Allies To China, Coffee Traders Rethink A $16M Business — Forbes
China Is Luring Away Taiwan’s Longtime Partners in Central America and the Caribbean — World Politics Review
An argument that Haiti may be the next country in the hemisphere to switch recognition from Taipei to Beijing.

Korea — LAC

Corea busca más comercio con América latina — BAE Negocios
Corea y América Latina hablan de 'Smart City’ — KBS
The Korea-LAC Future Cooperation Forum looked to increase cooperation between the two regions on a variety of issues.

Empresa de orgânicos da Coreia do Sul cria oásis de alimentos na Bahia — Folha
Korean firm Doalnara’s Brazil subsidiary Bom Amigo has bought 10,000 hectares (25,000 acres) of land in western Bahia to begin growing organic food.

Palta peruana a poco de ingresar a Corea del Sur, según Minagri — Gestión
Palta peruana cerca de entrar al mercado de Corea del Sur — El Comercio
A delegation from Korea’s Animal and Plant Quarantine Agency visited Peru to finish up the approval process to allow the export of Peruvian avocados to Korea. Approval is expected soon.

Japan — LAC

Argentina exporta carne a Japón — Fortuna
Following meetings in May, Japan has officially opened its market to beef and lamb from Argentina. Adding to the good news is that Argentina has opened its parrillas to Japan’s wagyu beef, as well.

Seminário fomenta oportunidades de negócios entre Brasil e Japão — TN Online
The city of Curitiba and the Japanese Consulate General hosted a weekend seminar on challenges and opportunities in business between Brazil and Japan.

India — LAC

Bolivia offers its lithium reserves to India — Gulf News India
Bolivian Ambassador to India Sergio Dario Arispe Barrientos says his country is willing to sign a preferential trade agreement with India to get the latter to help develop his country’s lithium reserves: "We have the largest lithium reserves. We would like India (both the government and the private sector) to explore this opportunity.”

ASEAN & Oceania — LAC

Tourism Australia Hopes for Better Connectivity with Latin America — LAHT
Australia is looking to improve air connectivity with Chile and other countries in the region to lure more tourists down under.

GCC — LAC

Emirates SkyCargo adds Chile to its Latin American network — Air Cargo World
UAE airlines hiring pilots, cabin crew — Gulf News
Emirates has added Santiago to its SkyCargo airfreight network, connecting 15 tonnes of capacity between Chile, China, and elsewhere. The route addresses growing demand for South American perishables among Chinese consumers. Additionally, to help staff up commercial flights, Emirates and flydubai will be holding roadshows for pilots and crew in Brazil and Argentina, among other countries.

Visa-free travel between Brazil and UAE in force — The Pie News
The UAE and Brazil are allowing tourism and business travel between the two countries for up to 90 days a year visa-free.

‘UAE-Brazil Political Consultations Committee’ Begins In Abu Dhabi — Urdu Point
The "UAE-Brazil Political Consultations Committee” had its first meeting, with delegations led by Ahmed Abdul Rahman Al Jarman, Emirati Assistant Minister for Human Rights and International Law at the Ministry of Foreign Affairs and International Cooperation, and Brazilian Undersecretary General for Africa and the Middle East at Ministry of Foreign Affairs of Brazil, Fernando Jose Marroni de Abreu.

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Chinese FDI in Latam Continues to Surge

阅读更多关于此新闻的文章,请点击链接: 中国在拉美的国外直接投资持续激增

The Trump Administration has successfully put the China-US investment relationship in a state of “Arrested Development,” according to the Rhodium Group. So much so that, Chinese foreign direct investment (FDI) in the US is down 92% so far in 2018, to $1.8b in greenfield and mergers and acquisitions (M&A) deals. Things have gotten so bad that even Alibaba, whose chief Jack Ma famously pledged would create 1 million jobs in the US, has announced it will scale back investment plans.

The current US government has successfully stymied the flow of FDI into the US, but Chinese investment in Latin American has been surging in 2018. ECLAC was set to unveil its latest FDI numbers today — until someone reminded them they were going to unveil them under the thundering roar of what turned out to be Colombia making it to the Group of 16.

While we wait for them to release the numbers now on World Cup-free July 5th, we looked back over the course of the year to see just how strong the deal flow had been.

And it’s been strong. Through the end of there first half of the year Chinese companies in the region have unveiled $15.3b in investments, according to Novam Portam’s calculations. That puts Chinese FDI in Latin America on course to increase 73% this year over 2017.

China-Latam FDI.png

While traditional sectors such as energy, natural resources, and infrastructure have dominated activity so far this year, new sectors such as health, technology, and financial services are becoming a larger part of the deal flow.

Kevin Gallagher and Rebecca Ray at Boston University’s Global Development Policy Center say that Chinese firms invested $22.1b last year: $4.4b in greenfield projects, and a record $17.7b on M&A. So if Chinese corporate greenfield FDI and M&A continues in the second half of the year at the same pace, the year-end figure $30.3b would represent a 73% gain. According to Moody’s this week, it’s a trend that is set to continue: "Chinese investment in Latin America’s infrastructure is intensifying, which will support the region’s infrastructure developments."

The above list may be overly optimistic — the Chilean government is looking to block Tianqi’s acquisition of SQM, for example — but it could turn out to be overly pessimistic. It doesn't reflect announcements of investment programs that have been rolled out over the past six months, such as:

So while Chinese investment in the US may be on hold, Chinese investment in Latin America is just getting started.

Top Stories

Ya ni las gorras van a venir de China: AMLO — El Financiero
Andrés Manuel López Obrador (AMLO) is the frontrunner and presumptive winner of Sunday’s Mexican presidential election. As our friend Boz puts it succinctly: “AMLO is going to win. Then what?" At his last event of the campaign — in what may be a taste of things to come — he lashed out at products imported from Asia:

“The caps and shoes they’re wearing come from Asia — that is impossible! It is not possible for them to be made in Asia. In Mexico we can do that: make shoes, clothes, and caps; produce beans, meat, milk, and wood. Mexico has all the resources." 

Will there be two protectionists in North America? Is the recent warming of business between China and Mexico about to come to a screeching halt?

México: Didi Chuxing expande su pelea contra Uber a Monterrey y Guadalajara, ofreciéndole 12 mil pesos semanales a sus conductores — Fayer Wayer
Competencia china de Uber promete a regios 12,000 pesos semanales — Forbes México
Didi is expanding its ride-sharing to new cities in Mexico: Monterrey and Guadalajara. It will be offering drivers MXN12,000 ($600) a week to get them to sign up.

CNBV autorizó operaciones de Bank of China México — El Economista
Avalan que opere Bank of China en México — El Universal
Mexican banking supervisor Comisión Nacional Bancaria y de Valores (CNBV) has given Bank of China the green light to begin lending in Mexico. Bank of China will start by lending to Chinese firms in Mexico, their suppliers, and Mexican firms doing business with China.

China, EE.UU. y Japón explicaron el 56% de las exportaciones chilenas a mayo — Estrategia
44% of Chile’s exports go to Asia, with China making up the lion’s share (38%).

China — LAC

Peru: Distance is the biggest barrier to increased shipments of mango to Asia — Fresh Plaza
General manager of the Association of Producers and Exporters of Peruvian Mango (APEM) Juan Carlos Rivera says that the distance to export to Asia makes maritime shipments unfeasible, so mangos get sent by air.

China and Latin America: A Complex Reality — Brink News
Carnegie-Tsinghua’s Matt Ferchen provides a succinct overview of China-Latin America relations:

Both ... must confront the legacy of past deals gone wrong and attempt to move beyond commodity-based trade, investment and financing ties to forge more infrastructure cooperation. This challenge is complicated by China’s still nascent efforts at understanding the region’s changing economic and political trajectory.

Gerente general de Maersk Container Industry, Ronnie B. Jensen: “La operación en Chile demostró no ser competitiva en los mercados globales” — La Tercera
Maersk is closing its container factory in Chile due to over-supply in the global market for containers and that production in Chile cannot compete on a cost basis with that from China.

Temen que un acuerdo con China profundice el déficit comercial — La Nación
Nin Novoa: "No seremos los sepultureros del Mercosur” — El Pais Uruguay
Mercosur continues debating whether to pursue a Free Trade Agreement with China, with concerns about its impact on the trade deficit. Following speculation that Uruguay would go it alone to get an FTA with China, Foreign Minister Rodolfo Nin Novoa says otherwise: 

“If the Free Trade Agreement between Uruguay and China means the breaking up of Mercosur, we will not be the gravediggers, we will not give it the death certificate — this government will not do it."

El plan que busca convertir a Chile en el segundo país con más buses eléctricos del mundo — La Tercera
Chile’s Transantiago bus system is going to implement “electrocorridors” for electric buses by the end of the year, in a project expected to cost up to $30m. 200 BYD and Yutong buses will be circulating by the end of the year.

Las relaciones con RD se inician tras el relanzamiento de los vínculos de China con América Latina y el Caribe — El Caribe
ENTREVISTA: Aspiramos a formar parte de la Franja y la Ruta, dice ministro de Economía dominicano — Xinhua
Empresas chinas manifiestan a ministro interés por comerciar con RD — El Nuevo Diario
Dominican Republic Finance Minister Isidoro Santana visited Beijing this week, looking to have his country join the Belt and Road Initiative (BRI).

Evo elogió cooperación incondicional de China con América Latina — El Ciudadano
Morales defiende lazos con China frente a EEUU ‘enemigo de la paz’ — HispanTV
Coming off his visit to Beijing last week, Evo sees China as a better partner than the US.

Factible un TLC México-China: contadores públicos — Milenio
The Mexican Accountant's Institute says that in the face of trade uncertainty with the US, an FTA with China is certainly feasible.

México alista exportación de plátano a China: Sagarpa — TV Azteca
A delegation from China’s General Customs Administration and Health Ministry visited Tabasco this week, inspecting plantain plantations ahead of approving them for importation.

The middling passage — TT Newsday
Scathing editorial on the ill-starred Galleon's Passage: 

In a startling reversal, it was revealed that the Galleons Passage would leave the Damex Shipyard in Cuba without promised retrofitting being done. The reason? The altogether unimpressive discovery that critical equipment and materials could not be sent to Cuba because of international embargoes against the socialist Caribbean nation.

Na guerra comercial, China vê Brasil como parceiro estratégico para obter alimentos — Gazeta do Povo
China mira Brasil como parceiro estratégico em meio a guerra global — Folha
China Targets Brazil as Strategic Partner in the Midst of Global Trade War — Folha
Is US President Donald Trump’s coming trade war an opportunity for Brazil to become China’s breadbasket? Folha seems to think so.

Why China can’t count on Brazil to fill soybean gap in US trade rift — South China Morning Post
Diplomacia de EE. UU. y China, con paso firme — El Colombiano
Las oportunidades de Colombia en guerra comercial EE. UU. - China — Portafolio
¿Por qué los nuevos aranceles de Trump no afectan tanto a Colombia? — Dinero
El Dólar al mayoreo baja de los 20 pesos — Expansión
Disputa entre China e EUA pode afetar exportações do Brasil, diz MDIC — Istoé
EUA X China: consumidor brasileiro pode pagar a conta — R7
"Mientras los impactos sean acotados en China, en Chile también serán acotados” — Pauta
Fed asegura que las amenaza son para China, no para México — El Sol del Centro
But there are lots of nerves about the coming trade war, and how it won’t be all roses for Latin America.    

Trump's original sin on trade — Axios
Washington conventional wisdom catches on:

TPP was actually signed in Chile, and included Mexico and Peru. All three countries have Pacific-facing coasts. Trump's TPP withdrawal has made these countries less reliant on trade with the U.S., creating an opening for China to increase its investment in Latin America. This has arguably made it harder to renegotiate NAFTA with Mexico, and given Latin America less reason to cooperate with the U.S. on other trade matters.

Chile, China y el “milagro” del Grafeno — Cooperativa

A Chilean observer worried that mass production of graphene will put his country out of the copper and lithium business. In theory...

El desarrollo de China y las oportunidades para Chile — Diario Financiero

Chinese ambassador to Chile Xu Bu writes how his country’s development give Chile opportunities, as well.

China Goes Avocado-crazy — WoowBow 哇包
Chile: auge y problemas en la producción de aguacates — Marco Trade News
China demand for avocados is booming, and doesn’t look to slow down any time soon. But that’s creating a problem in Chile where increased production is straining local water resources.

Ojo con la seducción china de las élites latinoamericanas — El Tiempo
Juan Pablo Cardenal warns that China is building an asymmetrical relationship (in its favor) with partners in Latin America, and using “personal diplomacy” to mask it.

China promoverá más cooperación con Perú en obras de infraestructura — Agencia Andina
China’s powerful National Development and Reform Commission (NDRC) is pushing for more infrastructure work by Chinese firms in Peru under the Belt and Road Initiative rubric.

Las relaciones de amistad de Panamá y la República Popular China — La Prensa
La ‘letra chiquita' de la inversión china en Panamá — La Estrella de Panamá
Chinese inroads in Panama: Transport hubs and BRI in the Americas — Global Americans
Looks at how China and Panama are doing, a year into their diplomatic relationship. Jorge Heine and Elías Castillo look on the bright side, but Panama’s La Estrella echoes what we hear - Panamanian businesses feel they have to move cautiously, and read the fine print. 

O que falta para o Brasil ser a China em tecnologias financeiras — Info Money
A look at what Brazil needs to do to “be more like China” when it comes to digital financial services. Short answer: the Brazilian Central Bank is making smart moves, but federal government regulatory and legal constraints are still holding it back.

Grupo Maco recibe importante visita desde China — Publimetro
Lifan Motors global head of marketing Luo Zhen came through Chile to meet with their local representative, Grupo Maco.

4,500 jobs to be created at new Phoenix Park — Trinidad Guardian
China belts TT — TT Newsday
New details on the MOUs signed between Trinidad and China last week. The Phoenix Park industrial development will require 60% local labor and 50% local content.

Mandatario de China expresó lo mejor para gobierno de Vizcarra en cita con embajador — Canal N
Peruvian Ambassador Luis Quesada Incháustegui presented his credentials to Chinese President Xi Jinping.

UNAM, puente para fortalecer las relaciones México-China — 20 Minutos
An article about how top Mexican university UNAM is expanding its presence in China to strengthen bilateral relations.

China's deals in Sri Lanka are a lesson for other countries taking Chinese investment and loans — Bloggings by boz
Our friend Boz highlights the NYT article about China’s relationship with Sri Lanka to raise a point we have discussed frequently with him: 

"Latin America and the Caribbean should take note of what happened in Sri Lanka. There is a high probability that China will use its loans and investments in a similar way in the coming decade to take control of other pieces of key infrastructure."

The Blocs building China’s Belt and Road — AJOT
Terry Gidlow, head of port agency WaterFront pens a detailed piece about how the key to the success of the BRI in Latin America will be the quality of the region’s ports.

O século 21 será chinês? — Outras Mídias
A Marxist reading of the rise of China. Really.

Korea — LAC

Samsung Pay enhances partnership with banks in Brazil — Pulse News Korea
Itaú Unibanco becomes the 12th bank in the country to accept Samsung Pay along with Bradesco, Banco do Brasil, Santander Caixa, and others. Google Pay works with eight partner banks in Brazil, and Apple Pay with only one — Itaú.

Destacan oportunidad de negocio para la miel chilena en Corea del Sur — Estrategia
How sweet it could be. ProChile is pushing for more Chilean honey producers to take advantage of the FTA with Korea to export more honey.

Japan — LAC

Japan's Sumitomo says to buy 5-pct stake in Peruvian gold mine — Reuters
Sumitomo has bought a 5% stake in Peru’s Yanacocha gold mine in Peru from Newmont Mining and Buenaventura for $48m.

India — LAC

India's eMudhra Expands To Latin American Market — CXO Today
Digital identity and transaction management firm eMudhra has partnered with partnered with Colombia’s Diplogrados Ltda to enter the Latin America education sector to curb diploma fraud by completely digitizing the diploma issuance process.

GCC — LAC

UAE Consul-General In New York Attends Opening Of Grenada's New Parliament Building — Urdu Point
Grenada inaugurated a new parliament building, built with funds from the United Arab Emirates and Mexico. The old building was destroyed by Hurricane Ivan in September 2004.

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Can Chinese Fintech Jump-start Latin America Digital Finance?

阅读更多关于此新闻的文章,请点击链接: 中国金融科技可否帮助拉美渡过难关?

This week, ICBC unveiled EPay, an app that will allow clients in Hong Kong to make electronic payments. The worlds largest bank by assets under management joins Alipay, Union Pay, and WeChat Pay in a very mature, and already-crowded, $15t Chinese e-payments market. The Chinese digital financial services (DFS) marketplace is dominated by Alibaba’s Ant Financial  — which now has greater valuation than Goldman Sachs — with Tencent’s WeChat Pay hot on its heels, leveraging WeChat’s ubiquity.

In striking comparison, the Latin American mobile payments sector has struggled to get off the ground, despite the potential market. 70% of Latin Americans do not have a bank account, but only 15m of that 340m market have a mobile money account. Platforms like Digicel’s MonCash in Haiti and Giros Tigo in Paraguay are the exception, not the rule. Even Brazil’s PagSeguro — one of the few e-commerce success stories in the region — saw its stock drop 13% this week on concerns that traditional merchant acquirers are encroaching. You’d think that ICBC — with a significant retail presence in Argentina — would be the perfect supporter of a DFS program in the region. But Chinese tech and financial firms have failed  to capitalize on the opportunity along with their Latin American counterparts.

The hurdles to DFS in Latin America are not the technology. While the value of QR codes versus near-field communications (NFC) is not a settled discussion, WhatsApp alone proves that Latin America is not afraid to adopt technology when it makes things easier. And economic struggles in Argentina and Venezuela have spurred bitcoin in those countries (and we won’t touch on the Petro). But as we tell our clients looking at the space: the rule of thumb is that successful digital financial services programs are 80% operations and 20% technology.

Latin America lags in fintech in large part because the incumbent banks have long seen it as a threat, not an opportunity. Miguel Arce of Pagos Digitales Peruanos — the company behind Peru’s BIM mobile wallet — notes that banks are vital to fintech, allowing users to get cash into and out of the mobile money system. Support from the Asociación de Bancos del Perú (ASBANC) will be key to whether BIM takes off as an alternative to cash.

The fragmentation of DFS clients across thirty-something jurisdictions doesn’t help, either. The Spanish incumbents BBVA and Santander could be region-wide champions of digital payments, but haven’t successfully launched a product. Where they have acquired — such as with BBVA’s acquisition of the US’ Simple in 2014 — they have struggled. Itaú, with a franchise in Argentina, Chile, and Mexico beyond its home Brazil, is the only regional champion likely, but hasn’t pushed into the space. The region's financial institutions may have already missed their chance. It may be up to one of the homegrown tech firms, such as Mercado Libre, to address the issue.

With Ant Financial and Tencent locked in pitched battle domestically, Latin America represents up to a half a billion potential new users, with higher income than at home. Policymakers in Beijing are pushing them to make serving Chinese nationals in Latin America a priority, but they are now eyeing the underserved financial clients in the region. Ant Financial had been eyeing MoneyGram as an entrée into Mexico (and the US) before the Trump administration put the kibosh on it, and subsequently entered into a partnership with Openpay. It catches up with Samsung Pay, which launched in Mexico last year.

But while the M&A strategy has served Chinese tech firms in the past, across a fragmented Latin America market it won’t be a one-size-fits-all solution. Firms will need boots on the ground to handle regulatory issues, operations, as well as an effective sales team to drive adoption. While they may see Latin America as an untouched market for fintech, Chinese tech firms may discover that the “capital light” approach that they have used in the past won’t be sufficient.

Top Stories

习近平同玻利维亚总统会谈:在“一带一路”框架内加强发展战略对接 - 中国一带一路网 — Belt and Road Portal
Morales cumple reuniones con sectores aeroespacial, de transporte y petroquímica en China — La Razón
Visita de Morales a China inyectará nuevos impulsos al desarrollo de relaciones sino-bolivianas, dice embajador chino — Xinhua
China convierte a Bolivia en socio estratégico y se abre a su quinoa y café — 14 y Medio
Texto íntegro de la declaración conjunta entre China y Bolivia sobre el establecimiento de la asociación estratégica — Xinhua
Bolivian President Evo Morales stopped in Beijing on his way home from the World Cup, where he and Chinese President Xi Jinping signed deals brining Bolivia into the Belt and Road Initiative and a line of credit from China EXIM for urban security, among other items.

Gigante eléctrica china concreta ingreso a Chile con compra de central hidro en el Biobío — Diario Financiero
Gigante asiático compra proyecto hidroeléctrico en la zona de Alto Bío Bío — Bio Bio
China Three Gorges Corporation has bought the proposed $240m, 90MW Rucalhue hydroelectric project in the Bío Bío region of Chile.

China scores in Latin America — FT
China amplia presença na AL, do setor financeiro ao futebol — Valor
The FT’s JP Rathbone referenced our World Cup piece last week in his weekly LatAm Viva column:
Although China is not a football superpower, the beautiful game is known to be President Xi Jinping’s favourite sport. Indeed, the central government has set out targets for the national team to become Asia’s best by 2030, and to win a World Cup by 2050, according to Novam Portam, a Sino-Latin consultancy. To foster that rise, Beijing has spent lavishly on foreign football players, especially Latin American stars. In 2012, Chinese clubs spent $51m on transfers. By 2016, that spending has rocketed to $451m.

China — LAC

China's State Power to bid for Brazil hydroelectric dam: sources — Reuters
China’s State Power Investment Corp is going to submit a bid for Brazil’s fourth-largest hydroelectric dam, the 3.6GW Santo Antonio, as soon as next month.

MoU signed for US$104m industrial park — T&T Guardian
China team in T&T to sign MoUs — T&T Guardian
Chinese delegation visits La Brea pitch lake — T&T Newsday
Young: Chinese delegation arriving Saturday — Loop TT
Beijing Construction Engineering Group (BCEG) and Trinidad’s Evolving Tecknologies and Enterprise Development Company Limited (eTecK) have signed an MOU for development of the $104m Phonenix Park Industrial Estate. BCEG has also signed a distribution agreement with Lake Asphalt of TT (LATT). Trinidad and Tobago also hope the five Chinese banks will establish operations in the country.

Ingreso de Tianqi a SQM: Futura venta de litio en Chile le da luz verde a FNE para investigar — Economía y Negocios
Fiscalía Nacional Económica inicia investigación por venta del 24% de SQM a empresa china — Bio Bio Chile
Regulador chileno investiga ingreso de china Tianqi a minera SQM — América Economía
Chile antitrust regulator to probe Tianqi purchase of SQM stake — Reuters
Chilean competition watchdog the National Economic Prosecutor (FNE) has begun an investigation in Tianqi Lithium’s acquisition of of 24% of lithium miner SQM, following economic development unit CORFO’s blocking of the deal earlier this year.

Governo trabalha para evitar que embargo chinês ao frango se torne definitivo — Istoé
Governo trabalha com setor privado para suspender embargo chinês a frango brasileiro, diz ministro — DCI
The Brazilian government is looking to regain access to the Chinese chicken market for its exporters following last week’s antidumping tariffs. The move is seen as being unrelated to the US-China trade war.

Chanceleres da Argentina e Uruguai querem acordo de livre comércio com a China — O Globo
Mercosul e China devem retomar negociações para acordo comercial — O Globo
Mercosur: Cancilleres apuntan a China en el nuevo semestre del bloque — Ultima Hora
Sin Macri, Mercosur discute el grado de influencia china que permite la región — El Cronista
Con el acuerdo con la Unión Europea paralizado, Jorge Faurie destacó las relaciones con China — Clarín
Los países del Mercosur miran hacia China ante el retraso de la firma del acuerdo con la UE — Expansión
Mercosur busca consenso para acercarse a China y se muestra preocupada por demora en acuerdo con la UE — América Economía
Macri apuesta con Vázquez por acuerdos de Mercosur con China, Japón o Canadá — La Vanguardia
Uruguay se beneficiará de TLC con China según informe — Xinhua
China: la mejor opción frente a los condicionamientos del FMI — Bae Negocios
With the slowdown of free trade agreement (FTA) discussions with the European Union (and with the Canada EU FTA held in the balance by European populist movements), Argentina and Uruguay are pushing Mercosur to pursue FTAs with China, Japan, and Canada. Let’s see what Brazil says.

EUA e China travam guerra comercial, e Brasil só tem a perder com ela — Veja
No embate entre EUA e China, Brasil só tem a perder, diz executivo — Exame
Guerra comercial entre EUA e China piora cenário econômico para Brasil — Valor
Brasil perde com disputa comercial de EUA e China — Folha
La guerra comercial China-EEUU se traduce en pérdidas en las bolsas de Latinoamérica — el Economista
Peso cae por tensiones comerciales entre EU y China — El Sol de México
3 efectos en México por la guerra arancelaria de EU y China — Expansión
México enfrenta riesgos, pero puede ganar con disputa entre EU y China — El Economista
Se asoma guerra comercial entre Estados Unidos y China — Telemundo
Não está claro se Brasil conseguirá nos substituir na soja para China, diz Ross — EM
Volatilidade e protecionismo são riscos para economias da América Latina, diz OCDE — O Globo
Estos son los efectos que puede traer a México la guerra económica de EU y China — Expansión
EU vs. China y México: la muerte del liberalismo — Dinero en imagen
Recognition from Latin American observers that the trade war between China and the US won’t exactly be a win for them.

Business Is Booming in the Panama Canal — Independent Reporter
As we mentioned earlier this month, the Panama Canal is benefitting from LNG demand in Asia. “If you exclude Japan, we assume demand from Asia in general and China in particular to about double over the subsequent five years,” says Panama Canal Authority head Jorge Quijano.

Viña Requingua refuerza sus planes en China y busca crecer en unas 500 nuevas hectáreas — Economía y Negocios
Experto dice que China aporta "tremendo mercado" para vinos de Chile — Xinhua
Viña Requingua is looking to add 500 hectares to its existing 1,200 to meet increased demand in China. Pablo Ugarte, head of the Catad’Or wine competition, agrees that China is a big market for Chilean wine.

Perú se propone duplicar llegada de turistas chinos: Descubre cómo lo hará — Portal de turismo
Perú incentivará llegada de más turistas chinos — El Peruano
Perú se posiciona con fuerza en mercado chino con intensa campaña digital — Portal de turismo
Peru is looking to double Chinese tourists to the country to 60,000 a year through a digital campaign, including a presence on WeChat.

Ante el proteccionismo, México debe profundizar su compromiso para diversificar relaciones comerciales — El Universal
Con o sin TLCAN, México debe comprar insumos a China, India o Bangladesh: IMCO — El Economista
China quiere seducir a exportadores mexicanos en tensión con EU — Expansión
With the status of NAFTA up in the air, and the potential for populists on both sides of the border, Mexico needs to look for new markets, including China, India, and Bangladesh.

La automotriz china JAC llega en septiembre a la Argentina con cinco modelos de autos — iProfesional
China’s JAC Motors will launch sales in Argentina in September, in a partnership with the Macri family’s Grupo Socma, which already imports Chery and DFSK cars.

Senado aprova novo embaixador do Brasil na China — Senado Federal
Investimentos chineses no Brasil devem continuar crescendo rapidamente — Senado Federal
Paulo de Mesquita has been appointed as Brazilian ambassador to China; he expects Chinese investment in Brazil to continue to grow rapidly.

China redujo los aranceles para la importación de 1.449 productos nacionales — Infobae
China is lifting tariffs on almost 1,500 Argentine goods next month; and Argentine government officials expect to make progress on pork, mutton, honey and cherries soon. 

Enviado chino ante ONU habla de proyectos de Iniciativa de Franja y Ruta en América Latina — Xinhua
La Nueva Ruta de la Seda: Estrategia Logística 2030 — La Estrella de Panamá
China continues to use the Belt and Road Initiative as a frame for looking at infrastructure projects in Latin America.

Bolivia, Brazil, Paraguay, Peru agree framework for “bi-oceanic railway” — GCR
Is the Bi-oceanic Railway back from the dead? Host countries including Brazil have agreed to a task force and a feasibility study. But with a price tag of $10b to $60b, we’ll believe it when we see it.

La preocupación en EU por China en Latinoamérica — El Heraldo de México
La política de China en América Latina — TRT
Chin-stroking on how the US will deal with China in Latin America.

Google invertirá 550 mdd en gigante chino JD.com — Forbes México
Google is investing $550m in Chinese e-commerce platform JD, which could allow it to expand beyond its current markets, including to Latin America.

Mercado chinês vai acelerar a educação de empreendedorismo e negócios no Brasil — Exame
The challenge of the growing Chinese market and potential Chinese partners will accelerate entrepreneurship and business in Brazil, according to National Services Confederation head Luigi Nesse.

Learning Latin America: China’s Strategy for Area Studies Development — The Inter-American Dialogue
Our friends at the Dialogue out with a report on how China is going to develop academic area studies programs.

Carne argentina, producto boutique en China y Japón — Clarín
Almost 50% of Argentina’s beef exports go to Asia, but it still lags competitors like Australia, Brazil and New Zealand in exporting to China, so there’s plenty of opportunity.

Embajada de China en la RD: Fu Xinrong — Listin Diario
Briunny Garabito Segura, embajador en China — Hoy
The Dominican Republic and China have announced Ambassadors, Briunny Garabito Segur and Fu Xinrong, respectively; both are career diplomats for their countries.

Las violaciones de derechos indígenas de las inversiones chinas — El Pais
A look at one of the issues surrounding increased Chinese investment and companies in Latin America - the impact on indigenous communities. This piece lists some of the projects in South America that have been a source of tenpin between Chinese firms and indigenous groups. 

Firmas de China y Colombia explotan ilegalmente oro en la Amazonía con la fachada de cooperativas — El Deber
Relatedly, Chinese and Colombian firms are using cooperatives in Bolivia to illegally mine gold along the Kaka and Beni rivers.
 

Interview: China's growth to benefit Chilean economy, says Chilean entrepreneur — Xinhua
Chile’s mining magnate Andronico Luksic sees continued opportunity for his country selling into the Chinese market.

Feature: Chinese entrepreneurs see huge potential in Cuban market — Xinhua
A report from the first-ever Cuba-Zhejiang business forum, held in Havana this week.

Korea — LAC

Hyundai Motor to Ramp up Vehicle Production in Brazil — Business Korea
Coming off its break-up with local company Caoa, Hyundai has announced it is going to expand production at its São Paulo plant from 180,000 vehicles to 220,000 this year.

Corea comparte su experiencia en gestión de recursos hídricos — KBS Radio
S. Korea offers e-gov't training to senior officials from Central, South American nations — Yonhap
South Korea and the Inter-American Development Bank hosted an event for public officials from Latin American on e-government and how to manage water resources more effectively.

Japan — LAC

AFM realizará activaciones en Japón — APEAM
Mexico’s Avocado exporters association (APEAM) is marketing their wares to Japan next week.

India — LAC

India looks to boost ties with Latin America — Hindustan Times
India aims closer ties with Latin American region with President Kovind's visit — The Week
Indian President Ram Nath Kovind visited Cuba and Suriname this week, in an effort to boost ties with the region.

GCC — LAC

Dubai Launches New Trade Tango with Latin America — Venture Magazine
A summary of the Dubai Chamber of Commerce and Industry (DCCI) outreach to Latin America, including the opening of an office in Brazil last year, and plans for offices in Argentina and Panama this year.

ASEAN & Oceania — LAC

New Zealand: Exclusive avocado access to Australia under threat — Fresh Plaza
Thanks to the Trans-Pacific Partnership, Mexico, Peru, and Chile are looking to challenge New Zealand’s hold on the Australian avocado market.

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