Will Bolsonaro’s saber-rattling rattle China?

阅读更多关于此新闻的文章,请点击链接: 博尔索纳罗的武力恫吓会威胁到中国吗?

In the Americas, saber-rattling about China has become a key part of the populist political playbook. In the United States, President Donald Trump has done it; in Mexico, President-elect Andrés Manuel López Obrador (AMLO) did it. Now it’s Brazil’s turn, and the favored winner of next week’s run-off election — Jair Bolsonaro — is making similar noises

Bolsonaro says he is against utility privatization because this would “put Brazil in the hands of the Chinese.” More broadly, he is concerned about Chinese company acquisitions in recent years, quipping: “China isn’t buying from Brazil; it's buying Brazil” (“A China não está comprando do Brasil, tá comprando o Brasil”)

China has taken notice of the rhetoric, with Time Weekly asking: "'Brazil Trump' Bolsonaro: USA’s sidekick or Brazilian hero?” (“巴西特朗普”博尔索纳罗:美国小跟班还是巴西大英雄?) Bolsonaro’s favorable views on the 1964-85 military dictatorship in Brazil are also being highlighted (极右派在巴西总统大选首轮投票中胜出,曾说“就是喜欢独裁”).

The question is: what happens when (if?) Bolsonaro is elected? 

In the US, Trump has followed through on his promises with a trade war with China, implemented through tariffs, NAFTA 2.0, and threats to Latin American countries who recognize China diplomatically

AMLO, however, has moderated his rhetoric since his election. He has nominated relative pragmatists to run his foreign and economic policy. Just last week, Jesús Seade — AMLO’s point person on the NAFTA renegotiation and on the shortlist of Ambassador to China candidates — wants to pursue a “strong relationship” with China.

So will Bolsonaro mellow? Unfortunately, so far it seems unlikely. He’s threatening to blow up the Paris climate agreement, Mercosur, and even the BRICS. According to our friend Paulo Kramer, his likely choice for Foreign Ministeris Ernesto Fraga Araújo. A career diplomat, Araújo has written about how "Brazil needs to reflect and define whether to be part” of what he sees as Trump’s West. Bolsonaro has thrown in his lot with the Trumpian approach: "Just like he wants to make America great, I want to make Brazil great.” The Brazil-China relationship is about to get very bumpy.


Top Stories


Chile: Controlador de SQM impugna acuerdo de compra de minera por parte de china Tianqi— France 24

Tribunal de Chile paraliza compra china de litio chileno— San Diego Tribune 

Tribunal chileno suspende proceso de entrada de china Tianqi a propiedad de SQM— América Economía

Ponce Lerou consigue interrumpir ingreso de china Tianqi a SQM y su explotación del litio en Chile— Bio Bio

SQM controlling shareholder (and Pinochet former son-in-law) Julio Ponce Lerou got Chile’s constitutional court to step in and interrupt Tianqi’s effort to increase its stake in SQM by 24%. The court will review the deal through October 22.


瑞银:若中美贸易战进一步升级 2019年人民币或逼近7.5— Reuters

Trump trade war delivers farm boom in Brazil, gloom in Iowa— Reuters

How falling US stock markets can give China more leverage against Trump in the trade war— SCMP

Donald Trump muda rotas de navios-petroleiros em todo o mundo— Exame 

¿Qué busca EEUU contra China y cómo puede impactar en Chile?— La Tercera

Gobierno se prepara ante efectos de aranceles de Estados Unidos vs. China— El Universal Cartagena

Argentina supera a China en importación de granos de soja de EE.UU.— El Economista

News from the trade war.


China Lures Taiwan's Latin American Allies— NPR

Pence advierte a Honduras sobre vínculos con China— Diario La Prensa

Pence pide tomar distancia con China— El Economista

EU reclama a México y CA por nexos con China— El Universal

Estados Unidos reclama a Centroamérica por alianzas con China— El Dictamen

Ortiz defendió las relaciones con China en EUA— La Prensa Gráfica

La avanzada china en Centroamérica que incomoda a Washington— El País 

Taiwan in talks with Paraguay on US$150 million investment: FM— FocusTaiwan

The US gets pissy about the role in China in Central America. Meanwhile, Taiwan’s Foreign Minister Joseph Wu says they are in talks with Paraguay for a $150 million investment to shore up their bilateral diplomatic relationship.


Japón confía en que el TPP11 pueda entrar en vigor a comienzos de 2019— El Diario 

Japón espera que CPTPP quede ratificado en noviembre— El Economista

Japanese cabinet minister Toshimitsu Motegi says he thinks TPP will be ratified next month and come into effect in early 2019. 


Hong Kong levanta secreto bancario para que Banco de Chile recupere dinero del hackeo— La Tercera

Hong Kong has lifted bank secrecy on four accounts to track the $10m stolen from Bank of Chile in the hack earlier this year.


Misión comercial busca abrir Vietnam y Corea del Sur a nuevas frutas chilenas— Diario Estrategia

Chilean fruit exporters are eyeing Vietnam and South Korea.


Tencent’s Nubank investment brings Big Tech power to Brazil— iupana

Our partner Mike Derham spoke with iupana’s Katie Llanos-Small about Tencent’s Nubank investment:

“This deal allows Nubank capital to execute on its consumer loans plans,” Mike Derham, partner at specialist China-LatAm consultancy Novam Portam, told iupana. “It’ll allow it to get traction in gaining market share. But there’s also a lot of opportunity from the data flow that comes from originating those loans. So Nubank will benefit from Tencent’s know-how not just in payments, but in how to crunch data.”


China — LAC


王毅应约同墨西哥外长比德加赖通电话 — Ministry of Foreign Affairs

2018年10月15日外交部发言人陆慷主持例行记者会 — Ministry of Foreign Affairs

USMCA no afecta relaciones comerciales con China— El Dictamen

México garantiza a China solidez de vínculos bilaterales— El Nuevo Herald

México ante la disputa entre Estados Unidos y China— El Informador

Mexico says new U.S. trade deal won't block other economic relations— Reuters

Cooperación comercial México-China no se afecta por cláusula de USMCA, dicen expertos— Xinhua

Zedillo aconseja a China seguir el camino de México y mantenerse firme frente a EU— El Financiero 

Mexico’s foreign minister Luis Videgara called up his Chinese counterpart Wang Yi to tell him not to worry about NAFTA 2.0 - Mexico wants to stay friends.


Brazil's Petrobras to form refinery joint venture with China's CNPC— S&P Global Platts

Petrobras has gotten CNPC to take a 20% in the Comperj refinery in Rio de Janeiro, which has sat idle since 2015.


Revolução chinesa— Istoé Dinheiro

Brazilian remote storage start-up Alfred has teamed up with China’s Pakpobox.


La Argentina se prepara para exportar carne de cerdo a China por primera vez— Infobae

China planea comprar más soja a Argentina— Diario Castellanos

Argentina is looking to sell more soybeans and — starting next month — pork to China.


Experto alerta por expansión de tabacaleras chinas en América Latina— El Observador

Uruguayan cardiologist Eduardo Bianco warns that Chinese tobacco firms may try to expand in Latin America.


What Latin America Should Tell China About Venezuela— Bloomberg

Our friend Shannon O’Neil tell China that its not making any friends by supporting Maduro’s Venezuela.


La cara amarga del desembarco chino en América Latina— El País

China-América Latina: Amistades peligrosas— Aleteia

More details on last week’s UNHCR suit against Chinese firms.


China-México tienen comercio por 74 mil millones de pesos— Tribuna

Mexico and China are doing $3.9b worth of business, with 980 Chinese firms registered in Mexico.


Geely regresa a competir al mercado peruano después de dos años— Peru21

Auto firm Geely is getting back into Peru.


Foro Thinks Tanks y medios de Comunicación de China y Panamá— Metro Libre

‘Pensadores’ chinos y panameños coinciden en que falta conocimiento para cimentar la relación— La Prensa

China, Estados Unidos y el Canal de Panamá— La Gran Época

China ve negocio en el desarrollo de Latinoamérica— PanamaOn

China & Panama held a Think Tanks and Communication Forum this week.


Exportadores centroamericanos analizan estrategias para incentivar y mejorar comercio— News in America 

Central American export promotors are looking at China.


JAC exportará desde México a América Latina— El Economista

JAC and Giant Motors are using the Mexican automotive platform to export to the rest of Latin America.


Interesa a China participar en proyecto del Tren Maya— MSN

China podría ser aliado del gobierno de AMLO para impulsar proyectos como el Tren Maya— El Economista

China, "muy deseosa" por participar en construcción de Tren Maya— Aristegui Noticias

Afirman que China está interesado en participar en el Tren Maya— El Diario de Yucatán

AMLO’s plan for the “Tren Maya” connecting Cancun with the Yucatan could get help from Chinese firms, say Foreign Ministry staffer Wang Xiaoyuan on a trip to Mexico.


Quem é a Tencent, a ‘discreta’ gigante de tecnologia da China— Estadão 

A profile of Tencent in the wake of last week’s investment.


Grupo Hanergy da China, planeja construir uma fábrica de painéis solares no Brasil— Click Petróleo

Han Rui, head of Hanergy Brasil, says his firm wants to build a flexible solar panel factory in the country.


¿Por qué los bodegueros argentinos enfocan sus energías en China?— El Intransigente President of Wines of Argentina, Alberto Arizu, is hoping to widen the door into China.


Perú replica la iniciativa de promoción “Casa Perú” en China— Marco Trade News

Peru’s Ministry of Trade (Mincetur) will open a "Casa Perú” promotion store front in Beijing next month.


Mirex celebra diálogo sobre relaciones entre la República Dominicana y China— El Nuevo Diario

Chinos buscan traer sus empresas a RD— Periódico El Caribe

República Dominicana y China van por acuerdo aerocomercial— Forbes México

China and the Dominican Republic are getting closer and expected to sign an air deal next month when President Danilo Medina visits Beijing.


Entretelones del acuerdo nuclear con China: tecnología inusual, ingeniería financiera y fondos para obra pública— Infobae

Article critical of the Atucha III nuclear deal between Argentina and China, saying its rare technology, and that China is offering financing to make sure it doesn’t get cancelled because of budget problems, like Atucha II did.


Exportadores de Fruta de Chile: Comoditización afecta la competitividad del sector— Mundo Marítimo 

Sergio Maureira, General Secretary of the Chilean Fresh Fruit Exporters Association (ASOEX) says that commoditization in the shipping due to consolidation is hampering their efforts to provide fruit to China “just in time."


Chang Yunbo, vicepresidente regional de CCCC: "Estamos viendo todas las oportunidades para invertir en Chile”— Portal Portuario

China Communications regional head Chang Yunbo takes a closer look at Chile.


From Coolies to Patrons and Partners: The Chinese Paradigm Shift in Latin America— The Wire

Look past the headline, and it’s a good summary of the history of China-Latin America relations.


Costa Rica works hard to expand export trade with China— Fresh Plaza

Across China: When Colombian coffee meets China— Xinhua

Juan Valdez and the Ticos get ready for the China International Import Expo (CIIE).


Korea — LAC


Corea del Sur no quita el dedo del renglón por un TLC con México— El Economista 

México refrenda su acuerdo por el libre comercio con Corea del Sur— El Informador

República de Corea va por tratado de libre comercio con México en 2019— 24 Horas

Corea busca TLC con México— Vanguardia

South Korea and Mexico will push for a Free Trade Agreement next year.


Japan — LAC


Desde Tabasco, AMLO celebró que Japón está interesado en continuar invirtiendo en México— La Política Online

AMLO’s pick to be foreign minister, Marcelo Ebrard, flew to Japan to make sure the two countries will remain commercially tight.


Fabricantes alemanes y japoneses llegarían a México de la mano del USMCA— El Financiero

NAFTA 2.0 is making Japanese firms look at relocating to Mexico.


MTC firmará acuerdo con Japón para promover inversiones en transportes— El Comercio

Perú y Japón suscribirán Memorándum de Cooperación en temas de transporte— El Economista América

Peru and Japan are going to cooperate on investing in transportation.


India — LAC


印度关注智利的锂资源 — 南美新闻网 (SAO)

A write-up of the 8th India-Latin America Forum in Santiago last week, focusing on interest in lithium.


45 Indian companies participates in Expo Cihac in Mexico City— Tehelka

The Trade Promotion Council of India (TPCI) led 45 companies to the Expo Cihac construction confab in Mexico City.


ASEAN & Oceania — LAC


Singapore inks open skies deal with Peru— The Straits Times 

Looking forward to that Singapore Airlines flight direct to Puno.


GCC — LAC


Jetex Eyes U.S. Network— AIN Online

Dubai-based trip support and FBO services provider Jetex Flight Support is eyeing expansion in the Americas. "FBOs in South America are for the future,” says CEO Adel Mardini.

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Does NAFTA 2.0 close the door on Mexico & China? Or on US & TPP?

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When news of a bilateral agreement between the US and Mexico was announced, with the expectation that Canada would join, we notedthat several clauses were pointedly aimed at giving China market access. This week, Canada agreed to joinNAFTA 2.0 (or what the US administration is insisting on calling the "United States-Mexico-Canada Agreement"), and there text of the agreement was revealed, in order to comply with the US fast-track (“trade promotion”) ratification law.

Japan has applauded that the agreement would allow the auto companies that have established supply chains in the Bajío and elsewhere to keep running.

Observers of China’s trade with the Western Hemisphere quickly zeroed in on clauses deep within the agreement, namely Article 32.10: Non-Market Country FTA:

1. At least 3 months prior to commencing negotiations, a Party shall inform the other Parties of its intention to commence free trade agreement negotiations with a non-market country. For purposes of this Article, a non-market country is a country that on the date of signature of this agreement at least one Party has determined to be a non-market economy for purposes of its trade remedy laws and is a country with which no Party has a free trade agreement...

4. Entry by any Party into a free trade agreement with a non-market country, shall allow the other Parties to terminate this Agreement on six-month notice and replace this Agreement with an agreement as between them (bilateral agreement).

While not named, the phrase “non-market country” reads as “China,” which the US and EU have so far not let the World Trade Organizationdesignate as a "market economy." Canada-based observers see the agreement as limiting the Great White North’s ability to deepen trade with China: “The USMCA has an axe to grind — what does this mean for the future of the Sino-Canadian trade?” (美墨加协议藏杀机 加中贸易前路更难). Juan Pablo Castañón, head of Mexico’s Business Coordinating Council (CCE) noted that in agreeing to stick with NAFTA, Mexico was “slamming the door” on a Free Trade Agreement (FTA) with China. Even Russian propaganda outlet Sputnik is piling on: 俄罗斯专家:美国企图建立全球反华经济联盟("Russian expert: U.S. attempt to establish a global anti-China economic alliance”).

So is this a dagger "aimed" by the administration of US President Donald Trump at China’s growing global economic presence? Certainly Trump and his team think so.

Which brings us to the question: Was there ever that big of a door to open between China and Mexico? Fierce competitors in the global value-added manufacturing chain, beyond Mexican oil and increased Chinese interest in avocados, they never had much to export to each other. So while Mexico had been exploring an FTA with China, it was more casting about in desperation in case Trump blew up NAFTA than looking for a large new market. Former Mexican Ambassador to China Jorge Guajardo summed it up best:

Regarding the non-market economy clause on the NAFTA Agreement, the biggest winner with this is Mexico. Of the 3 partners, Mexico’s economy is the least complimentary with China. We were the most displaced when China joined the WTO. We have no interest in entering a FTA w China.

While many have noted the similarities of the improvements of NAFTA to TPP clauses that had been spurned by Trump, the article represents a hardening of trade stances against China. As former US treasury official Brad Setser notes:

TPP countries agreed to liberalize trade among themselves (which in some cases thanks to the liberalization of the rules of origin would have meant new opportunities for China too), not to coordinate any actions v China.   personally think that is an important distinction

Many have hoped that the US would eventually pursue a more pragmatic route and rejoin the TPP, which could provide a framework for China to fully-integrate into a rules-based system if it chose. This clause gives the US a say over the trade relations of three of the world’s biggest economies. Refusing to give up that leverage this could close the door on the US ever joining the TPP.

Top Stories

Argentina nears new currency swap deal with China: central bank— Reuters

China offers rescue package for Argentina and Macri— Bloggings by Boz

Argentina e China se aproximam de acordo de troca de moedas— Brasil 24/7

¿Qué esperan los argentinos del Gobierno de Mauricio Macri?— Diagonales

Banco Central argentino dice que nueva política monetaria no traerá estabilidad inmediatamente— América Economía

Argentina says it’s close to the $9b dollar swap deal with China, which couldn’t come soon enough for the BCRA.

Leilão de quatro áreas do pré-sal pode arrecadar R$ 6,82 bi em bônus— Agência Brasil

Las licitaciones petroleras detonan una inversión de 161.000 millones de dólares en México— Clarín

Energy is humming.Mexico says that energy reform and the US-China trade spat are leading to $161b being invested in the country. Separately, subsidiaries of China’s CNOOC and CNPC, as well as Qatar’s QPI bid on four areas of Brazil’s Pre-salt fields last week, part of an auction expected to general an extra R$6.82b ($1.74b) in addition income.

Cuatro buques transportadores de GNL logran transitar por el Canal de Panamá en un solo día— PortalPortuario

A pesar de las cifras positivas, la Zona Libre de Colón no se recupera totalmente— Panamá América

Liquid Natural Gas keeps keeping the new Panama Canal feeling warm and toasty, with a record four LNG ships crossing in a single day, heading from the Gulf of Mexico to South Korea, Japan, and Chile. But the Colón Free Trade Zone still struggles with recovering from the effect of Colombia’s tariffs on re-exported goods.

Piñera: EE.UU. deja espacio para que China mejore y aumente su influencia— Perfil

Guerra comercial entre EUA e China refletirá negativamente no Brasil— Istoé

Guerra comercial entre China y EU no afectará a México, embajador— Forbes México

México-China-EU, Efecto dominó de la guerra comercial— Méxicoxport

U.S. Weighed Penalizing El Salvador Over Support for China, Then Backed Off— NYT

EEUU-China: El contraste no ayuda— El Heraldo de México

China y Estados Unidos llevan su diplomacia naval a América Latina— Economía y Negocios

NYT revela que EE.UU. advirtió a Sánchez Cerén de penalizar “severamente” al país si cortaba relaciones con Taiwán— Diario La Página

China en América Latina, según EEUU— La Haine Mundo

FMI advierte que disputas comerciales entre EE UU y China podrían afectar a países de América Latina— Noticias24

'Steer, Don't Drift': Managing Rising Risks to Keep the Global Economy on Course— IMF

China and the US continuing their sparring, with more details on efforts by the US to push around Central American countries that have done what the US did in recognizing Beijing, and the IMF’s Christine Lagarde weighs in.

China — LAC

驻秘鲁大使贾桂德在国庆招待会上的讲话— Ministry of Foreign Affairs

Ambassador Jia Guide’s comments on Peru-China relations at his embassy’s China National Day event: "We will take advantage of of the opportunities of the “Belt and Road” in Latin America, to push bilateral relations to a new level.”

Beijing And The Bahamas - A Developing Story— Tribune 242

Chinese Ambassador to the Bahamas Huang Qinguo pens an op-ed extolling the benefits of the Beijing-Bahamas bilateral relationship.

Chinese Development Finance and the Andean Amazon Infrastructure Boom— ReVista

A great survey from the Boston College team of how Chinese policy banks are driving infrastructure construction in the Andean Amazon.

Comercio entre Perú y China alcanza los US$ 11,500 millones— Agencia Andina

Mincetur: Perú y China podrían completar actualización de acuerdo comercial en el 2020— Gestión 

Perú: Blindan industria textil en la renegociación del tratado con China— América Retail

Peru is gearing up for a trade deal with China, which they hope to get done by 2020. Trade is already up to $11.5b for the first half of 2018.

Argentina baja los aranceles a los insumos del calzado para salvaguardar la industria nacional— Moda ES

Argentina is cutting tariffs on shoe inputs from 15% to 35% in the wake of storied firm Alpartgatas closing two shoe factories. The government expects this will close the cost of making shoes in Argentina over in China from $6-8 per pair to $1-2 per pair.

El espejo chino en América Latina— Panamá América

An academic looks at how countries in Latin America need to learn from the China model to spur economic growth.

Peru's Mining Investment Boom Leaves Political Woes Behind— Bloomberg

Perú confía en que puede superar a Chile y convertirse en el mayor productor de cobre en el mundo— La Tercera

Peru is looking to overtake Chile in copper production, driven by demand from China.

Especial de TTC: Aumenta el interés de China en América Latina y el Caribe— Travel Trade Caribbean

Everyone in Latin America is looking to get a slice of the 130m international Chinese tourists a year.

Etchevehere concluyó su visita a China— MDZ Online 

Argentina Agriculture Secretary Luis Miguel Etchevehere traveled to China this week to keep pushing open the door to Argentine products.

Relación con China impulsará crecimiento en 2019, según BCR— Diario El Mundo

El Salvador expects increased trade relations thanks to bilateral diplomatic recognition with Beijing to increase 2019 growth to 2.6%.

China Railway ganó proyecto de S/1,240 millones para mejorar vía en región Huánuco— El Comercio

China Railways has landed a S/1.2b ($375m) deal to improve a highway in Peru’s Huánunco.

La frambuesa peruana llegaría a China, Estados Unidos y Brasil— La Industria 

La frambuesa sería el próximo boom de las agroexportaciones peruanas— Agencia Andina

Peru is looking to raspberries to be its next breakout specialty food.

La carne abre el camino en China, con mayor valor y junto a otros productos argentinos— Clarín 

Argentina expects to see beef exports open up the Chinese market.

Soja: la Argentina, el origen más barato para las necesidades de China— La Nación 

The silver lining of a currency crisis is that now Argentina is well positioned as China’s cheapest source of soy.

BYD Chile y Transantiago: “Esta flota grande de vehículos chinos va a permitir que la gente se dé cuente de cuánto durán”— Diario Financiero

BYD has officially closed the deal to supply 100 electric buses to Transantiago.

Agricultura asegura precio del arroz se mantiene estable desde hace 12 años— Periódico el Dinero

RD: sede de la Reunión de Evaluación Anual del Proyecto del Cultivo de Arroz— Diario Social RD

El país lidera evento de evaluación de cultivo arroz— El Día

The Dominican Republic is looking to benefit from rice exports to China.

Rowley hails US$500M dry-dock: We are different from Sri Lanka— TT Newsday 

Concerns about the deal with China Harbour to build a dry dock in La Brea still swirl.

Korea — LAC

‘Chile-Korea commerce clear sailing with revised FTA’— Korea Herald

The Chile-Korea FTA is well on its way to becoming an FTA 2.0

Japan — LAC

Pemex, Mitsui-led Tula Refinery Deal Delayed on AMLO Team Review— Bloomberg

AMLO’s planned energy review is starting to have bite.

Comité de Cítricos de Chile promueve los limones chilenos en Japón— Maulee

Chile is pushing limes in Japan.

Gobierno japonés apoya diversos proyectos educativos en el Perú— Panamericana Televisión

Japanese government supports education projects in Peru.

India — LAC

India-Latin America-Carribean trade & investment: From $2b in 2000 to $35b now! Here’s how the partnership can grow further— Financial Express

A report from  the 8th India –LAC Conclave in Santiago.

India eyes rupee-route, barter for Venezuelan crude— The Hindu Business Line

India is playing footsie with the Maduro regime to get more oil.

GCC — LAC

UAE Ambassador To Mexico Reviews Investment Incentives To Foreign Businesses— Urdu Point

Ambassador Ahmed Hatem Al Menhali met with Mexican business to promote bilateral trade and investment.

Qatar's emir to seek increased trade in tour of Latin American countries— Middle East Eye

Emir Tamim bin Hamad Al-Thani visited Ecuador, Peru, Paraguay and Argentina this week.

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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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