The Chinese Role in Renewables in Latin America

阅读更多关于此新闻的文章,请点击链接: 论中国在拉丁美洲可再生能源中的作用

While China is still heavily dependent on traditional sources of energy, its ascendancy in the renewable energy sector is nothing less than remarkable. True to form this is a perfect mixture of necessity, policy, and investment. What does this mean for Latin America and the Caribbean? Like most Chinese companies, China's renewable energy companies are fanning out into the world in order to export excess capacity and project China's soft power.

This week Huawei announced that it will supply 75MW of string inverters — to convert solar DC energy to AC energy — to AES Tietê, Brazilian subsidiary of AES. This news was followed by JinkoSolar’s announcement that it has secured a $108m loan to begin construction of the 130 MWLa Viborillas Solar Park in Jalisco, Mexico. The loan syndicate included Natixis, The Bank of Tokyo-Mitsubishi UFJ, BBVA Bancomer, Intesa Sanpaolo, Sumitomo Mitsui Banking Corporation and Société Générale.

This news punctuates the leading role that Chinese companies have established in the renewables space in Latin America. Setting aside traditional low-carbon footprint projects like hydroelectric dams — that firms like China Three Gorges, China State Grid, and China Gezhouba have actively pursued for years now — wind and solar projects have quietly become an area in which Chinese companies are leading in the region, and Chinese names are quickly leading the market.

Jinko has been in the region for a while, providing everything from large utility solar farms to smaller rooftop projects in countries like Honduras. Jinko’s commitment to supply 579MW of solar modules to Brazil after winning 2015 auctions led it to build a local factory, a move that was deferred by the country’s ongoing economic crisis.

China’s Envision Energy led the charge into Argentina’s renewables, securing 185MW of the 708MW in the first round of Argentina’s renewables promotion programme Renovar, including some of the largest wind farms in Neuquén and Rio Negro.

Sinovel, the world's second-largest wind turbine supplier, inked a deal two years ago with Desenvix, a subsidiary of the Engevix engineering group to provide turbines for a 34.5 MW wind farm in Sergipe, Brazil.

Goldwind — the largest wind power company in China — has been active throughout Latin America. The 270MW Penonomé I and II wind projects, on Panama’s southern coast, are some of the largest in the region. At the 33MW Bío Bío, Chile, project they provided preferred equity and non-recourse project financing. And the Goldwind turbines at Ducal-Membrillo and Huayrapamba wind farms in Ecuador are — at 2,900 meters above sea level — some of the highest in the world.

And Sky Solar has been active, with projects in Chile of and Uruguay. Its Chile efforts have been the recent acquisition of 24MW in existing projects, while the Uruguay work has been the development of up to 100MW in greenfield projects, to say nothing of the proposed 300MW of solar generating capacity in Chile's Atacama desert.

Like many its peers, Sky Solar has also been active in courting both private and multilateral financing. US-based private equity firm Hudson Clean Energy Partners invested $50m in the projects in Chile and Uruguay. The Uruguay projects (in Paysandú, Salto and Río Negro) have also been supported by the IDB, along with the China Co-Financing Fund and the Canadian Climate Fund for the Private Sector. Likewise, Goldwind has gotten $300m in International Finance Corporation (IFC) financing for the second phase of Penonomé, and last year IDB Invest provided $28m for Jinko’s San Juan Solar Power Project in Argentina.

And it’s not just Chinese sources looking to boost renewables in Latin America. The Japanese Bank for International Cooperation (JBIC) actively advertises its willingness to look beyond projects by Japanese companies for green projects:

In addition to supporting the business activities by Japanese companies, JBIC will continue to provide financial support for efforts aimed at global environmental preservation by making most of the GREEN operations.

What’s next for funding renewables in the region? There are efforts to try to finance rooftop renewable projects in Jamaica via the blockchain. Much like cell phones leapfrogged the incumbent landline gap 20 years ago, renewables should leapfrog the existing energy gap in Latin America? Chinese firms are set to play a key role in making that become a reality.

Top Stories

México abre la puerta del TPP a EU... pero Japón, Australia y Malasia se la cierran — El Financiero
¿Qué dicen países del TPP-11 sobre posible retorno de EE.UU.? — El Comercio
Japón celebra las palabras de Trump sobre el TPP pero rechaza renegociación — El Economista
Tras amagar con regresar, Trump vuelve a criticar el Tratado Transpacífico: “Tiene demasiados riesgos” — Univision
US trade policy continues to make headlines. The White House leaked that President Donald Trump asked his economic team to look into the feasibility of the US joining the Trans-Pacific Partnership (TPP) — a year after he pulled the country out. Mexico says it's willing to engage a renegotiation of TPP — probably along the lines of the current NAFTA discussions — but Chile and Japan among others want the US to take it or leave it. Following a Mar-A-Lago meeting with Japanese Prime Minister Shinzo Abe, Trump tweeted that he doesn’t "like the deal for the United States. Too many contingencies and no way to get out if it doesn’t work. Bilateral deals are far more efficient.” Oh well.

拉美被要求中美间选边站?中方:贸易是自由恋爱,非强迫婚姻! — Huanqiu
The winners and losers (mostly losers) in a U.S.–China trade war — Axios
Amid Rising Tensions With US, China Looks To LatAm For M&A — Forbes
México sería el ganador si China pone aranceles a soya de EU — El Financiero
Brazil pork sales to China soar as U.S. ties sour — ECNS
EUA indicam que vão exigir cotas do aço do Brasil — Folha
Problema é excesso de produção, afirma secretário de comércio dos EUA — Folha
“La colaboración China-América Latina es un modelo de éxito” — El Peruano
US trade policy continues to continue to make headlines. Brookings’ David Dollar points out that it’s mostly losers in a US-China trade war. Chinese Ambassador to Peru Gui’de Jia scores easy points by saying China thinks "trade is free love, not a forced marriage,” and doesn’t want to make Latin America choose a side. In addition to affecting trade flows, Itaú Unibanco’s  Ricardo Villela Marino thinks that US protectionism will boost China to be the biggest source of M&A for Latin America. Mexican soy consumers and Brazilian pork exporters (up 151.6% to China over last year already, thanks to China lifting a ban) think they’ll benefit. And Brazil finds itself debating whether or not it should set quotas on its steel exports in order to be exempt from the 25% steel tariff imposed by the US.

美国抛出的是“橄榄枝”还是“荆棘”? — People.cn
The perspective from China on this and the impact on Latin America is telling: People’s Daily asks if the United States extending an “olive branch” or “thorns” to Latin America? President Trump making the United States priority number one has put the relationship between the U.S and Latin America into the lowest level. People’s Daily says that this has broken the heart of the US’ friend, Latin America. It advises with the saying adapted from Confucius:

交友之道贵于相互尊重
交友之道贵于平等沟通
交友之道贵于以诚相待
The principle of making friends is all about mutual respect
The principle of making friends is all about equal communication
The principle of making friends is all about honesty treatment

At Summit in Peru, U.S. is the unpredictable one, while Latin America’s biggest countries are the voices of reason — Miami Herald
Wilbur Ross: América Latina não precisa decidir entre EUA e China — Exame
Cooperación China-América Latina concuerda con intereses comunes, dije cancillería china — Xinhua
U.S. seeks to outshine China at Latam summit, without Trump — Reuters
US seeks to outshine China at Latin American summit in Peru, without Donald Trump — South China Morning Post
Read-outs from last week’s Summit of the Americas in Lima. US Commerce Secretary Wilbur Ross claims the US is not “making anyone choose between the US and China,” but reminds Latin America that it has a commercial surplus with the US, which imports higher-valued manufactured products, as opposed to China, with whom it has a deficit. Hua Chunying, spokesperson for the Chinese Foreign Ministry, responded to Ross’ comments by saying: “China is a good cooperative partner to Latin America, and no one knows it better than the people of Latin America.” The IMF’s Alejandro Werner worries a potential US-China trade war would “depress the global economy and lead to a recession that would slow demand for Latin America’s exports.”

Chile dice que Canadá "prácticamente confirmó" su intención de unirse a la Alianza del Pacífico — Reuters
Finally, Chile’s President Sebastián Piñera says Canada “practically confirmed” its intention to join the Pacific Alliance over the weekend at the Summit of the Americas. Let’s see where this goes.

Indian, Chinese oil companies look to invest in Ecuador, minister says — Reuters
Ecuador’s oil minister Carlos Perez confirmed Indian oil company ONGC Vinesh’s interest in buying a stake in Ecuador’s oil fields, stating a confidentiality agreement will be signed in the upcoming weeks. Perez also pointed out China National Petroleum Corp (CNPC) is interested in the development of an oil refinery at the Ishpingo, Tambococha and Tiputini (ITT) field.

China — LAC

Panamanian president advocates further boosting global trade — Xinhua
Panamanian President Juan Carlos Varela voices his support for the Belt and Road Initiative (BRI) in a statement to Xinhua: “We are firm believers in connectivity … through our canal, our ports and airports. We support all initiatives which strengthen connectivity.”

Grupo chino Fosun prepara compra de administradora general de fondos chilena — Economia y Negocios
China’s Fosun Group continues to expand in Latin America. According to local reports, it is looking to acquire a pension fund manager in Chile, and it plans to do diligence over the next couple of weeks. Fosun does not plan to spend as much as it did in Brazil, and has a contingency plan if it fails: private equity investments in mining and energy.

Ultiman acuerdo con China para exportar carnes congeladas y fruta — El Perfil
The deal on frozen and bone-in meat exports to China from Argentina will be signed next month. Fruit export discussions are also moving forward. Chinese Ambassador Yang Wanming assured China wants to “balance the scales” as Argentina currently has a commercial deficit with the Asian giant.

El grupo Car One importará la marca china Haval y Great Wall a la Argentina — iProfesional
Invasión china: 2 nuevas marcas de autos llegarán al país el mes que viene — Clarín
Argentine automobile dealership Car One will begin importing Chinese Haval cars, from the Great Wall Motors Company. Haval experienced 40% value growth in 2016 and is already present in Chile, Peru, Bolivia, and Uruguay.

China committed to helping Caribbean with poverty reduction — Jamaica Observer
In a meeting at China’s foreign affairs ministry, Hang Jing, Counsellor for the Department of Latin America and Caribbean, said China is prepared to keep supporting poverty alleviation in the region as they are aware of the common challenges and believe “no country can face up to these challengers alone, nor can they retreat to isolation.”

Piden a próximo gobierno mexicano fortalecer aún más relaciones comerciales con China — Xinhua
Mexico keeps getting grilled for greater relations with China. Ahead of national elections, José Luis de la Cruz, director of the Institute for Industrial Development and Economic Growth (IDIC), said in a press conference presidential candidates “will have to contemplate a strategy that can maintain a productive relationship within the NAFTA framework, while also building productive links with China” as they will inherit “contradictory commercial policy”.

China destacó el interés de invertir en Bahía Blanca — BAE Negocios
The Chinese Ambassador to Argentina, Yang Wanming, says the city of Bahía Blanca, Argentina, has “great potential” as it “constitutes a door for the exportation of many agricultural and oil products to China."

The World Wants Blueberries All the Time. Chile’s Excited — Bloomberg
Santiago-based Hortifruit is seeking to boost production to meet worldwide demand for blueberries. It is close to completing a deal to buy Peru's Grupo Rocio, the country’s largest blueberry producer, for $160m. Together with expansion plans in the US, Mexico, and China, Hortifruit expects to reach production of 200 million pounds, ideal for meeting Chinese demand where blueberries are sold for almost double the American rate.

Panama-China FTA Feasibility Study Concludes — Prensa Latina
Following the conclusion of a feasibility study, Chinese and Panamanian authorities foresee Free-Trade Agreement negotiations starting soon. Panamanian Minister of Trade and Industry, Augusto Arosemana, is expected to head to China in the upcoming weeks.

Panamá estudia construcción de tren hasta Costa Rica en coordinación con China — America Economia
Panamá estuda construir ferrovia até Costa Rica em parceria com a China — Época
Panama studies building train to Costa Rica with China — Reuters
Panama and China continue discussions for a passenger train to Costa Rica. The 450 km track would require a starting investment of $5b.

Barbados hosts high level Chinese business delegation — Barbados Today
A delegation from the China Chamber of International Commerce is in Barbados this week for a series of meeting aimed at expanding bilateral relations, attending a seminar organized by the Barbados Investment and Development Corporation (BIDC).

Argentina comprará 200 vehículos a China para potenciar red ferroviaria — Xinhua
The Argentine government announced the purchase of 200 electric passenger wagons from China’s CRRC to be added to the General Roca train line.

Gobierno mexicano dará apoyo financiero a inversores de Zonas Económicas Especiales — Xinhua
Mexican President Enrique Peña Nieto announced the country has opened a $2.7m fund for companies interested in the country’s Special Economic Zones, to spur interest from foreign investors.

China Offshore inicia trabajos en aguas profundas mexicanas — El Economista
China Offshore Corporation will invest $289m over the next 4-10 years to explore a deep-water bloc in Mexican waters, hoping to prove almost 500 million barrels in the area.

"América Latina y el Caribe y China: condiciones y retos en el siglo XXI” — RED ALC CHINA
The Autonomous National University of Mexico (UNAM) in Mexico City will be hosting the 4th International Seminar on Latin America and the Caribbean and China May 28-30.

Posible inversión china en el Bío Bío: embajador manifestó interés a intendente Ulloa — Bio Bio Chile
Chinese ambassador in Chile has voiced China’s interests in investing in the Bío Bío region of Chile.

Japan — LAC

Habría interés de Japón en invertir en minería y energías renovables — El Esquiú
Japanese Ambassador to Argentina, Noriteru Fukushima, met with Catamarca Governor Lucía Corpacci, to discuss possible commercial opportunities, including the region’s mining potential and financing for renewable energy projects.

Japón registró en febrero un superávit comercial de 6.000 millones de euros — El Diario
Japan registered a commercial surplus of $7.4b in February, with increased exports to China by 10.8% and to Brazil by 24.4%, and an 84.6% increase in its deficit with Chile.  

Miniso: el retailer oriental que llega al Perú con una innovadora propuesta comercial — Perú Retail
Japanese retail brand Miniso plans on opening 100 stores in Peru in the next 3 years.

Korea — LAC

Chile: Asoex requests improved FTA with Korea — Fresh Plaza
Ronald Brown, president of the Fruit Exporters Association of Chile (ASOEX), says bilateral renegotiation of Chile’s FTA with South Korea is paramount because subsequent Korean trade deals have given Chile’s competitors an edge. Aside from expanding Chile’s trade deals and relations, ASOEX seeks an overhaul of Chile’s agricultural export framework, such as by improving the work by agricultural attaches and increasing ProChile’s reach.

S. Korean delegation sent to Latin America to promote health care industry — Yonhap News Agency
A 34-member delegation from South Korea made their way to South America this week to promote health care companies’ inroad into the regional market. The delegation also plans to meet with the Inter-American Development Bank (IDB) to discuss joint regional projects.

Coreia do Sul deve abrir mercado para carne suína brasileira, diz governo — Folha
Brazil pork exporters are pushing talks to resume exports to South Korea.

India — LAC

International Energy Forum: Mexico eyes strong energy ties with India — Business Standard
“Indian companies can participate in the full value chain,” says Mexican Deputy Minister for Hydrocarbons Aldo Flores-Quiroga, in regards to the country’s energy sector. Mexico hopes India will participate in its growing gasoline market, especially due to its petrol deficit. India is expected to take part in an auction round of onshore conventional blocks in July.

GCC — LAC

Emirates revives prospect of world’s longest flight to Panama — Arab News
The Emirates push to expand to Latin America continues. “We are still looking at Panama. We had some conversations recently with a delegation from Panama,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai. Emirates has trumpeted the 8,590-mile (13,824km) route as the world’s longest, taking 17 hours and 35 minutes westbound.

Asean & Oceania — LAC

Brazil to resume meat exports to Indonesia — Xinhua
Brazil has also announced it will resume exporting meat to Indonesia, following the Asian country’s ban in March 2017 due to concerns about food security.

 

Latin America's digital economy beckons; will Singapore outfits go? — Enterprise Singapore
Singapore sees room for growth in Latin America’s emerging digital economy. Benedict Koh, regional director for Latin America and the Caribbean at Enterprise Singapore, sees sufficient demand and a landscape that is “fragmented and large enough to accommodate more solution providers,” and not just regional ones. Huge consumer and untapped markets may see an influx of Singaporean startups soon.

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The Catch to the Caribbean’s China Connection

阅读更多关于此新闻的文章,请点击链接: 论加勒比地区与中国的联系

Overshadowed by the seemingly-imminent trade war and today's Summit of the Americas, reporters from the Caribbean have been on a month-long trip to China to better understand the country and its increasing presence in the Caribbean basin. The group is there to better understand China and its increasing presence in the Caribbean. This is not by chance.

China's interest in Latin America's larger economies makes headlines. From infrastructure to agribusiness, to raw materials, and even new markets, these investments have captivated the attention of politicians and investors throughout the world. What is often overlooked is the expanding presence China is playing in the economies of the Caribbean. Put simply, Beijing is paying outsized attention to the Caribbean in terms of trade and investment.

A partial list of recently completed or underway projects driven by Chinese investment and construction in the Caribbean would include: the north-south highway, Goat Island/Portland Bight port, the Alpart alumina works, the Monymusk Sugar Factory, and the Government Oval in Jamaica; the Government House and airport expansion in Trinidad and Tobago; the storied Bahamar resort, completed by China Construction, the North Abaco Port Project, National Stadium, the Nassau Airport expansion, highway connecting it to Nassau, and The Pointe hotel. More ambitious projects include: St Lucia’s massive Pearl of the Caribbean resort and a national development plan for Grenada.

For many Caribbean-basin governments and decision-makers, China is seen as a new source of funding for critical infrastructure projects and an opportunity to push diversification of their economies.  Indeed, Jamaican PM Andrew Holness last year saw China’s Belt and Road Initiative (BRI) as something that "could be quite beneficial to Jamaica”:

“[BRI] a very beneficial, but very noble expression of not just the Chinese aspiration for development, but the development of economies right across the world through a cooperative and inclusive strategy.”

However, while lending from Chinese institutions may offer new sources of funding, on terms different from incumbent funders, it is far from an unlimited blank check. And while there is often talk of “win-win” projects, decision-makers should be mindful of China’s goals, not just their own.

One of China’s overriding goals in its “going out” policy during the two previous five-year plans, and now in the BRI, is exporting excess capacity. This includes financing, construction capacity, expertise and other factors. Caribbean countries, in particular, have learned that this includes the exporting of labor, to the detriment of the underemployed in host countries.

In addition to using foreign investment to address domestic policy concerns, China also sees the potential soft power gains to be made. These can include gains in its ongoing diplomatic recognition tussle with Taiwan, incentivizing smaller governments to vote along with it at the UN and in other fora, addressing global poverty, and generally stepping into a global economic leadership role at a time when traditional leaders are missing in action.

With all that said, decision-makers in the Caribbean basin would be wise to keep some lessons in mind:

  • Recognize that Chinese companies and government institutions will not fund all projects, but most often those that are seen as in-line with stated priorities: food and energy security, logistics and transportation.

  • It is not enough to sign covenants  — whether on local content, employment, or other issues — with companies and feel the issue is settled. Effective oversight of their compliance with the issue is important, as well (this is true for all foreign companies, not just those from China).

  • Finally, headline figures for Chinese funding in the Caribbean may not be all that they appear. As Brookings’ David Dollar noted last year: "within Latin America and the Caribbean, large amounts of China’s ODI go to the Virgin Islands and the Cayman Islands. These money centers are certainly not the ultimate destination for all of this investment."

Ultimately China's involvement in the Caribbean basin as a trade partner and investor is a good thing. Diversification usually is. What remains to be seen is whether China's willingness to address the region's infrastructure gap is a process that ends up being a sustainable "win-win" in the long term.

Top Stories

Latin America caught in middle as US-China trade war looms — South China Morning Post
U.S., China rivalry poses risks, benefits for Latin America — Reuters
Rivalidad entre EEUU y China impacta en comercio e inversión en América Latina — Swissinfo
Perú: ¿Por qué la disputa comercial China-EEUU es una oportunidad para Latinoamérica? — América Retail
La disputa comercial EEUU-China y sus consecuencias en la región — El Observador
Brazil soy exporters set to win big from U.S.-China trade spat — Reuters
China podría comprar más soya a Brasil y Argentina — El Economista
Brasil pode “aproveitar” tensões comerciais entre EUA e China — Portal N10
Why China Is Hungry For Brazilian Soy — Forbes / Stratfor
La guerra comercial China-EEUU abre oportunidades a la fruta de Chile — Marco Trade News
Disputa entre EUA e China poderá ajudar o Brasil pontualmente, diz Fazenda — IstoÉ
China assures Caribbean amid jitters over looming trade war with US — Jamaica Observer
Perú no se verá afectado por guerra comercial entre EE.UU y China — El Economista
Guerra comercial: Las implicancias sobre la economía peruana — RPP Notícias
As the China-USA trade war ensues, “the US is forcing countries in the region to choose between the US and China,” says our friend Margaret Myers at the Inter-American dialogue. Officially Latin American governments are keeping their heads down. Analysts are more positive, but caution that the region could not fully replace American production of products such as soy. Brazilian soy, in particular, is seeing record highs, but even if it were to reach 100% in exports, it would not meet China’s demand.

China Pide a EU no arrastrar a América Latina a una guerra commercial — Expansión
Chinese ambassador warns U.S. not to drag Latam into trade dispute — Reuters
Strong words from China. Ahead of this week’s Summit of the Americas, Jia Guide — Chinese Ambassador to host country Peru — warned the US not to keep Latin America out of their trade discussions, saying it would show “contempt not just for China but also Latin America.”

Japón inicia acciones para ratificar el CPTPP — El Comercio
Japón y México activan las gestiones para ratificar el CPTPP — Marco Trade News
Tratado Integral de Asociación Transpacífico en vigencia a fines del 2018, prevé Mincetur — Andina
The Japanese government has moved to begin the ratification process for TPP, and Mexican President Enrique Peña Nieto has already asked his senate for ratification. The treaty needs 6 nations for ratification, and Peru’s Foreign Trade Ministry thinks it’ll get done before the end of the year.

Brasil, China e Índia fazem mais da metade dos investimentos em energia limpa — Época
A UN report points out China, India, and Brazil were responsible for over half of investments made towards renewable energy in 2017, while investment in the developed world fell by 18% reaching its lowest level since 2006.

Latin America needs an infrastructure upgrade — The Economist
The Economist argues that setbacks such as Lava Jato, burdensome red tape, and abusive public private partnerships (PPPs), have left Latin America with dozens of unfinished projects. Despite higher global interest rates, the region should be encouraged to invest by realizing the cost-effectiveness of promoting sustainable projects and by China’s investment (as we discussed above), which has surpassed that of the World Bank and IDB combined.

Después de 20 años, la Argentina importará soja desde Estados Unidos
Argentina’s drought is hitting the country hard, exacerbating prices and changing flows. For the first time in 20 years, the country will import soybeans from the US. The 120,000 tons are expected to arrive late this year, during Argentina's off-season.

Marfrig compra fatia da National Beef e se torna 2ª maior empresa de carne no mundo — Folha
Brazilian Marfrig, the country’s second largest food processing firm, purchased 51% of American National Beef for $969m. Marfrig will now have access to National Beef’s markets in Japan and South Korea, markets that are currently closed to Brazilian meat exports.

China — LAC

Mercado Libre招商峰会将在深圳举办 — ebrun
Comercio electrónico tiene gran oportunidad de crecimiento en América Latina, según Mercado Libre — América Economía
Latam internet titan Mercado Libre is stealing a page from Alibaba’s book. They’re hosting an summit in Shenzhen next week, April 19, to promote the Latin American e-commerce market for Chinese sellers. Sean Summers, regional vice-president, says “the countries in Latin America are in different spots on the same curve for the development of e-commerce”. He further believes the industry can grow as it reacts against Chinese demand and the economy, seeking to increase the region’s e-commerce penetration, currently at 5% compared to China’s 20%. Sign up today.

China Tianqi responde a Bitran y asegura que “no controla ni controlará” la industria global del litio — Pulso
China Tianqi acusa “errores" en demanda para bloquear compra de parte en minera chilena SQM: medios — Swissinfo
Bitrán e interés de empresa china en comprar parte de SQM: El Estado debe preocuparse
Valente tras reunión con embajador Chino por SQM: “Chile es un país abierto a las inversiones” — Diario Financiero
Embajador de China se reúne con Ministro Valente en medio interés de Tianqi por minera SQM — Pulso
China’s Tianqi continues to look at the Chilean lithium sector. Lawyers sat down with Chile’s national competition authority (FNE) to “correct erroneous information espoused in Corfo’s request”. Eduardo Bitrán, former executive director of Chile’s Economic Development Agency (CORFO), points out the danger of the acquisition is control over the Atacama salt fields, as projections for Tianqi and American Albemarle say they could attain 80% of the lithium market by 2020. Despite Bitrán’s grievances, Minister of the Economy José Ramón Valente is supportive of the purchase; in a meeting with the Chinese ambassador in Chile, Xu Bu, Valente said “any company that comes to Chile and adheres to Chilean legislation will be welcome”.

联想2018誓师大会在美国罗利启幕 北美拉美亮眼业绩助力联想复苏 — ITtime
Latin America is driving Lenovo’s profits. In its annual report to shareholders, it notes that its PCs are in the top three in 11 countries including Brazil, Mexico, Argentina, and Peru. In the tablet and smartphone segments it is top three in 9 and 4 countries, respectively, including Brazil, Mexico, Argentina, and Peru. Annual sales growth in Latin America is eight times faster than the overall average.

La competencia china de Uber llegó a México — El Tiempo
Didi llega, finalmente, a México: inicia período de prueba en Toluca — Hipertextual
ACTUALIZA 1-Didi, el rival chino de Uber, arranca en México con recluta de choferes — Reuters
Didi Chuxing has launched a Mexican website website to start attracting drivers and consumers in Toluca. They’ll have to make smart moves in order to fight Uber’s 87% hold of the market.

KERUI Petroleum Wins the Largest UPGN Project in Brazil — PR Newswire.
Petrobas is back in the game. The Brazilian Petroleum Corporation held its first public oil project bid since 2014, signed by Chinese Shandong KERUI Petroleum Equipment Limited for $600m for a gas processing plant in Rio de Janeiro. KERUI is the first private Chinese company to reach such a deal. The project will be the largest natural gas treatment in Brazil.

Nuevo servicio de carga desde Hong Kong a Miami — Loginews
Southern Air inaugurated its first Hong Kong-Miami commercial flight last week, making it the the sixth airline to do so.

Why China should help solve Venezuela’s deepening crisis — Asia Times
Should, but will it? International Crisis Group’s Michael Korvig argues Beijing should join in backing the Lima Group to address the ongoing Venezuelan disaster.

Las marcas chinas llegan en masa a la Argentina: radiografía del nuevo mercado — TN
A survey of Chinese cars in the Argentina market.

Investimento chinês na América Latina é recorde — Estadão
Data compiled by the Global Development Policy Center at Boston University reports that China spent a record $17.5b in acquisitions in Latin America in 2017.

Comissão de Relações Exteriores aprova acordo aduaneiro entre Brasil e China — Senado Noticias
The Brazilian Commission of Foreign Relations approved an agreement between Brazil and China over cooperation between domestic customs authorities and information.

Brasil estuda abrir processo na OMC contra barreiras chinesas ao açúcar — Exame
The Brazilian government is looking into going to the World Trade Organization (WTO) with grievances over Chinese protectionist measures on Brazilian sugar. The tariffs, implemented last year, reduced exports by 88%. In light of the trade kerfuffle between US and China, Brazil will have to tread very carefully if it pursues this all the way to the WTO.

Galleons Passage leaves Hawaii tomorrow — Newsday TT
US coast guard inspects Galleon Passage — Newsday TT
Galleons Passage was scheduled to leave Hawaii on April 11 to head towards Mexico, but was held up by the US Coast Guard.

Nueva era para la cooperación China-América Latina — Excelsior
Chinese Ambassador to Mexico Qiu Xiaoqi pens an article extolling a new era of cooperation between China and Latin America.

Japan — LAC

Mexico raises longer-term yen funds via 4-part Samurai — NASDAQ
Mexico has raised ¥135b ($1.26b) through an issuance of Samurai bonds (yen-denominated bond issued in Japan), with maturities of five, seven, 10 and 20 years.

MUFG planeja vender fatia de US$ 435 mi no Bradesco: Font — Bloomberg
Japan’s Mitsubishi UFJ Financial Group (MUFG) plans to sell nearly half of its 2.5% stake in Banco Bradesco for $435m. MUFG has a commercial cooperation agreement with the Brazilian bank and serves as its main loan unit.

EVA, el brasier que detecta el cáncer de mama se venderá en Japón — Forbes
Sostén mexicano que detecta cáncer llegará a Japón este año — Excelsior
A Mexican bra designed to detect breast cancer early will start being sold in Japan by end of the year. Julían Rios, executive director of Higia Technologies, has been working on this project for 16 years, focused on cancer detection through artificial intelligence.  

Japan angles for space in Brazil with Mercosur deal — The Brazilian Report
Japan is focusing on Brazil, Mercosur’s laggard partner when it comes to free trade, to get an FTA with the Southern Cone done.

Empresários japoneses conhecem oportunidades de investimentos no Ceará — Governo do Estado do Ceará
Brazil’s northeastern state of Ceará received the Japanese ambassador to Brazil, Akira Yamada, together with Japanese businessmen to discuss invesment in Ceará’s Zone of Processing and Exportation (ZPE), the country’s first free trade zone.

Visita Sinaloa embajador de Japón en México — Linea Directa
Japanese Ambassador to Mexico Yasushi Takase visited Governor Quirino Ordaz Coppel and a retinue of local businesspeople in Sinaloa.

Korea — LAC

Aumenta comercio con Corea del Sur — El Vigia
Más productos mexicanos con posibilidades de acceder al mercado coreano — Marco Trade News
A delegation from the Busán-Jinhae Free Trade Zone ministry met with officials from Mexico’s ministry of agriculture (SAGARPA). The free trade zone’s commissioner, Yang Hyun Jin, says Mexico’s focus on export capacity makes it viable for South Korea to increase imports of products such as avocado, mangos, oranges, limes, and papayas.

Asoex pide a Direcon mejorar acuerdos comerciales con Corea del Sur — PortalPortuario
Chile’s savvy fruit exporters association ASOEX is leaning on the country’s trade negotiator Direcon to revamp the FTA with South Korea. Chile signed an “FTA 2.0” with China last year.

India — LAC

Indian, Chinese oil companies look to invest in Ecuador, minister says — Reuters
Per Oil Minister Carlos Perez, Indian oil company ONGC Videsh is looking at buying a stake in oil fields in Ecuador and may also participate in an upcoming tender for the Intercampos blocks

India, Peru to hold next round of free trade agreement talks this week — Live Mint
India and Peru continue to move forward on Free Trade Agreement discussion. Bilateral trade between the nations increased to $1.77 billion in 2016-17 from $1.52 billion in the previous fiscal. Among the top ten commodities of India’s export to Peru are motor vehicle, cars, products of iron and steel, cotton yarn and fabrics. While the imports include bulk minerals and ores, gold, fertilizers crude and zinc.

ASEAN & Oceania — LAC

Why international investors are clamoring for multifamily real estate in Mexico — The Investor
JLL’s Hector Klerian argues that CCLA’s partnership with Singapore’s sovereign wealth fund GIC, shows confidence in Mexico’s real estate sector. Klerian foresees more interest in Mexico’s rising multifamily home market due to advantageous investment conditions.

El atractivo de China para la carne ovina chilena — Economía y Negocios
Chile is looking to elbow New Zealand and Australia — who supply 98% of mutton imports to China — aside by revamping its sheep industry exports to meet increasing China demand.

GCC — LAC

Dubai Chamber to Open Argentina Office in 2018 — Business Wire
Dubai’s Chamber of Commerce and Industry will soon open a representative office in Buenos Aires, it’s second in Latin America. This is part of the Chamber’s “ambitious strategy to expand its presence in Latin America and identify trade and investment opportunities in the region”, says President and CEO Hamad Buamim.

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Is Trump's Latest Trade Tantrum Latin America's China Opportunity?

阅读更多关于此新闻的文章,请点击链接: 特朗普的最新贸易行动是否拉动了拉丁美洲的中国机遇?

Unless you’d given up your iPhone for Lent, you're probably aware that the long-dormant trade war between the White House and Beijing has flared up.

In recent months we have been highlighting the importance of China’s growing middle class to Latin America. The tariffs China has proposed on US exports of fruits, pork, metals, and soy would feed directly into this opportunity and be an unalloyed blessing to Latin American exporters — who now have a 15-25% leg up on their US competitors.  Certainly, other exporting regions are treating it such — is this Latin America’s time to shine?

Latin American exporters are evaluating the opportunity — Brazilian meatpackers are excited that they will have a an edge on their US counterparts. Capital Economics thinks there may not be enough soy in the world outside the US to meet Chinese demand, which will be a boon to soy prices for exporters in Brazil, already benefiting from the drought in Argentina. And Mexico sees an opportunity to attract more investments from Chinese firms.

However, the larger picture brings concerns, which are being voiced in places such as Colombia, Brazil, and Chile.

First, some areas are already feeling the impact of the trade war. Those are areas such as the Caribbean coast of Colombia, which depends on metals to the US as its second largest export. Not exempt from the tariffs imposed by the US, they have already started feeling the impact of the trade war.

Second — and more importantly — a trade war has the potential to spiral out of control. Right now China is reacting — threatening to impose tariffs on the US equal in value to those imposed by the US on China — and not trying to escalate the situation. But the EU and other markets may respond in turn. This could have long-lasting impact, as global trade would decline and investment would be reallocated away from global supply chains. As former Commerce Secretary Carlos Gutiérrez puts it:

"There is no doubt that if there is a trade war between the US and China, and it gets difficult, the global economy will enter into recession, and this is no good for anyone."

Top Stories

China miner Tianqi meets with Chilean anti-trust prosecutor on SQM — Reuters
Representatives from China’s Tianqi Lithium met with Chile’s top anti-trust prosecutor, Felipe Irarrazabal, following Chile’s blockage of its bid for a stake in Chile’s SQM. Chile’s development agency Corfo seeks to block any sale of Canada’s Nutrien LTd stake in SQM to any Chinese bidder as it would “gravely distort market competition.” The prosecution has until August to decide if it will launch a full investigation.

México impone cuotas compensatorias a Corea, India, España y Ucrania — Excelsior
México impone cuotas compensatorias en tuberías de acero a Corea, España, India y Ucrania — El Financiero
Protectionism is on the march. Following an investigation over unfair trade practices, Mexico has decided to impose compensatory quotas on carbon steel pipe imports from Korea, Spain, India, and Ukraine.

EUA exigem revisão de cota a etanol para negociar aço com Brasil, diz diretor da Fiesp — Folha de S. Paulo
“It’s a fact that the paradigms of commercial negotiation in the US have changed,” said Thomaz Zanotto, foreign commerce director at Fiesp, a Brazilian trade association. To avoid the announced steel and aluminum tariffs, at a meeting in Washington, the US sought a revision of the bilateral ethanol agreement, as well as an agreement to keep China from reexporting steel shipments through Brazil.

Será TPP de beneficio para Sinaloa — Noroeste
Rafael Rodríguez Castaños, of the Mexican state of Sinaloa, is bullish on the TPP: “It’s a very attractive trade bloc, complemented with access to skills, technology, of innovation, as what we are looking for is to become a more competitive country, which can have access to foreign technology.”

Uber’s next battleground: Latin America — Venture Beat
The battle for the king of ride-hailing continues. Uber finds itself creating alliances and selling business in order to keep itself in the competition, while China’s Didi, already owner of Brazilian 99, sets out to begin its first international service in Mexico City; both countries currently Uber strongholds. As more and more firms rise up and secure investment, Uber will have to rethink its approach to retain its market share.  Easy Taxi, operating throughout Latin America, has already raised $80m.

Catamarca y otras provincias conformarán la “Mesa de litio” — Noticias y Protagonistas
Avanza la guerra del "oro blanco" en el Norte argentino y toman medidas — Contexto Tucumán
Argentina is imposing clearer and stricter rules on the international battle for its lithium reserves. It is estimated that FDI totals $2b over of 53 different projects. A “Lithium Board” (Mesa de Lition) composed of the national government, and the governments of Catamarca, Salta, and Jujuy provinces will focus on increased environmental protection and limiting license concessions. Recent events, such as Colombia’s nationalization of its reserves and Chile's recently setting limits on foreign ownership, are spurring the move.

11 países participarán de la sexta edición internacional Expomecánica Perú 2018 — El Economista
The 6th International Show of Autoparts, Mechanical Implements and Automotive Service will take place in Miraflores, Peru, early next month. Countries attending the fair include the US, China, Argentina, Mexico, Brazil, Ecuador, Panama, India, and Taiwan.

3 de los autos preferidos por los mexicanos, hechos en China e India — Dinero en Imagen
Three of Mexico’s most popular cars hail from India and China; of the 65% vehicles Mexico imports, half come from Asia.

China — LAC

Panamá: Vuelo desde China aterriza el 5 de abril — Estrategia y Negocios
Today is the day. Air China's first flight between Beijing and Panama City lands today, less than a year from when the two countries started bilateral diplomatic relations.

中石油首次向美洲出售汽油 3.5万吨起航开往巴哈马 — Sina
CNPC, el gigante chino del petróleo, desembarca en América con su primer cargamento de gasolina — Infobae
On the evening of March 30th, the “Overseas Mykonos” carrying 35,000 tons of 91 octane gasoline produced by the Qinzhou Petrochemical Company refinery in Guangdong, set sail for the Bahamas. This believed to be is the first time that products produced by PetroChina’s refineries are sold into the Americas; further proof of PetroChina's global ambitions.

拉美最大航展在智力举行,F35A战机首次亮相 — Xinhua
This year at FIDAE 2018, Latin America’s biggest aerospace and defense show, two Chinese companies participated in the airshow: China Electronics and Tongfang Weishi Technology.

Mincetur a exportadores: ¿Cómo ingresar sus productos al mercado chino? — Gestión
Peru’s Ministry of Foreign Commerce and Tourism has published a Manual of Origin Regulations document on China and Peru’s free trade agreement, including how Peruvian business can enter the Chinese market, and the benefits of reaching out.

陈安宁站台新车巴西发布会,拉美市场奇瑞势在必得 — Feelcars
The Chery Tiggo 2 (known as the Tiggo 3x in China) was officially unveiled in Brazil. Chen An-ning, head of Chery Automobile visited Brazil. This is the first time he has attended a new product launch conference in a foreign country. He sees a huge market potential and regional influence in Brazil.

China y México fortalecen lazos en ciencia y tecnología — El Diario  NTR
Tienen México y China nueva etapa de colaboración científica — Universal
Jaime Urrutia Fucugauchi opens the ‘Sino-Mexican Collaborations in Science and Technology' colloquium at the Colegio Nacional he noted that Mexico needs to invest in education. Along with Zhu Hao, director of science and technology for the Chinese embassy in Mexico, he explored the projects set in place and agreed over the long term benefits for Chinese investment in science, innovation, and technology in Mexico.

La Argentina tendrá su “pabellón turístico" en Alibaba y busca atraer 150.000 chinos al país — La Nación
Argentina’s National Tourism Promotion Institute (Inprotur) and Alibaba are planned to sign an agreement at the World Travel & Tourism Council (WTTC) to include a virtual Argentina “trade pavilion" on Alibaba, with the goal of attracting 150,000 Chinese tourists to Argentina in 2019.

Chilena Codelco consolida recuperación gracias a China — Swissinfo
Chilean state-owned Copper producer Codelco announced a $2.8b profit for 2017, six times more than 2016, due to higher prices and increased Chinese demand.

Mexico's former ambassador to China explains 'how China capitalizes where the United States is retreating' — Business Insider
Jorge Guajardo, Mexico’s former ambassador to China, discusses China’s place in the world. Gujardo doesn’t think that China is replacing the US as global hegemon, but he does believe China is in a position to “set the standards for many other companies for many years going forward” as they act in the international market while the US employs more protectionist policies.

Interview: E-commerce booming in Argentina, says expert — Xinhua
Diego Urfeig, executive director of the Argentine Chamber of E-Commerce (CACE), says that despite seeing rapid growth in Argentina’s e-commerce platform, it still has a lot to learn. As Argentinians increase demand for more diverse set of goods, Urfeig notes the country can learn from China’s Alibaba as it offers a varied selection of products and reaches beyond the domestic market.

Industria del Acero: Déficit comercial de América Latina con China sube en 8% y llega a US$ 23 mil millones en 2017 — Estrategia
Latin America's steel trade deficit with China rises 8% in 2017 — Platts
Latin America registered a commercial deficit with China in 2017, reaching $23m, 8% more than 2016, due to higher prices for raw materials and steel products.

China's chicken imports to drop, thanks to fallout from Brazil food safety probe — Agrimoney
Limited supply from the world’s largest poultry exporter, Brazil’s BRF, has lowered the outlook for Chinese chicken exports to 300k tonnes this year. BRF became embroiled in a scandal regarding food safety checks and, as Brazil supplied 85% China’s poultry imports in 2017, it will be hard for major trading partners to fill the gap.

China has donated military equipment to Uruguay — Army Recognition
China donated $5m worth of military equipment to Uruguay under a Free Military Assistance Framework signed in 2016. The equipment includes 10 ambulances, 6 buses, 10 loaders, and more.

Galleons may arrive in May — Newsday
Uh oh. The ill-starred ferry destined for Trinidad and Tobago hit another obstacle as it couldn’t be berthed in Honolulu as expected. This delay pushes its Port of Spain delivery to May.

China e Brasil unem forças para grande impulso em energia renovável — O Petroleo
China and Brazil’s cooperative efforts through the China-Brazil Center for Climate and Energy Technology Innovation are working towards a wave-generated electric plant.

Expertos chinos discuten exploración de mercado latinoamericano con motivo de Expo Internacional de Importación de China — Xinhua
A seminar on the Latin American market was held in Shanghai ahead of the International Expo of China Imports that will take place in November in order to explore further opportunities for commercial relations between Latin American and Shanghai’s businesses.

Llegan a Argentina máquinas de mantenimiento ferroviario financiadas por China — Xinhua
Argentina’s Trenes Argentinos received today the first allotment of high-tech machines that will be used to maintain its tracks. This new acquisition comes as part of the financing deal between Trenes Argentinos and China Machinery Engineering Corporation, which seeks to reconstruct the South American country’s rail transport infrastructure.

Interjet planea firmar una alianza con la aerolínea China Hainan — Expansión
Following on launching flights between Mexico City and Beijing, Hainan Airlines is discussing a tie-up with Mexico’s third largest airline Interjet.

Japan — LAC

Japón dona a México tecnología de punta para medir peligro de sismos y tsunamis — Sin Embargo
Tecnologia japonesa analizará historia sismológica de México — El Universal
The Government of Japan has donated a seismic detector — with the fantastic name of Geoslicer — to Mexico. This new technology will allow Mexico to analyse its seismic footprint and determine seismic and tsunami activity.

Visto eletrônico aumenta turismo no Brasil — Convergencia Digital
Brazil’s Ministry of Tourism has announced increased tourism following the decision to extend its electronic visa system to the US, Australia, Canada, and Japan. Visa requests increased by 48.2% compared to last year.

Korea — LAC

Exportações da Coreia do Sul crescem 6,1% em março ante março/2017 — Jornal do Brasil
Exports from South Korea to Brazil increased 6.1% since last year, largely motivated by demand for semiconductors and petrochemicals.

ASEAN & Oceania — LAC

CPTPP to waive tariffs for goods traded to Peru, Japan — The Malaysian Reserve
Ahead of the enactment of the TPP, Malaysia is eyeing opportunities in several markets, including Peru and Japan. "The import duties for these goods currently range between 5% and 10%, and once the agreement is ready, Malaysian businesses will enjoy zero tariff on these items,” says Ministry of International Trade and Industry (MITI) secretary general and TPP chief negotiator Datuk Seri J Jayasiri.

India — LAC

India’s Shree Renuka to attempt sale of Brazil sugar mills again — Reuters
India's Shree Renuka will try once again to sell sugar mills it owns in Brazil, after objections from creditor BNDES. The Brazilian branch of the Indian company filed for bankruptcy in 2015 and has tried to sell two of its plants at auctions. U.S.-based private equity firm Castlelake LP is a leading candidate to bid for the mills.

GCC — LAC

QP, partners win 4 exploration blocks offshore Brazil — The Peninsula
After winning four blocks for exploration in Brazil, Qatar Petroleum is eying other opportunities in the region. “Our strategy of creating a large scale, value-adding international portfolio, while pursuing Latin America as an important core area for Qatar Petroleum,” says CEO Saad Sherida Al Kaabi.

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The AIIB shows up in Latin America

Up Front

阅读更多关于此新闻的文章,请点击链接: 亚洲基础设施投资银行出现在拉丁美洲

AIIB.jpg

At last week’s Inter-American Development Bank (IDB) Annual Meeting in Mendoza, Asian Infrastructure Investment Bank (AIIB) President Jin Liqun sat down to discuss his vision for his banks’ role in Latin America. Certainly there has been lots of interest - Argentina, Brazil, Chile, Bolivia, Peru, Ecuador, and Venezuela all have the green light to become members of AIIB, with Argentina expected to ratify by the end of the year.

Jin explained that the AIIB is designed with broad mandate. This is in response to the experience of the European Bank Reconstruction and Development (EBRD), which worked itself out of a job in the wake of the post-Communist growth in Eastern Europe and needed to amend its charter to remain relevant. The goal of the AIIB is to promote economic development through investment in infrastructure and other productive sectors in all countries with which Asia does business. In practice this means that it’s open to all countries in the world, because - as Jin said - Asia cannot sustain economy in isolation.

To the satisfaction of representatives of other AIIB members in the room, Jin did highlight that China is "not supposed to dominate” the AIIB, and that it is run by its member countries.

Jin noted that AIIB’s interest in Latin America stems from the fact that Asia-Latin American trade and investment is continuing to grow. He diplomatically pointed out that China is a big factor — but not the only factor — in that growth.

Characterizing its role outside its home region, Jin said that in Latin America, AIIB wants the IDB "to be the conductor, and we have a seat in the orchestra.” The AIIB is looking at projects to co-finance with IDB, but hasn’t put capital to work yet.  Jin says they are focusing on connectivity — in practice that means infrastructure, but we’d expect communications and other related fields to be looked at.

Asked about the trade balance between China and Latin America in raw materials versus value-added products, Jin offered a fairly blunt response. Jin doesn’t think manufactured goods from Latin America are competitive in the Chinese market right now; but if Latin America integrated its market, they could become competitive.

Finally, addressing the 900-pound gorilla in the room, Jin explained that while AIIB is not formally involved with the Belt & Road Initiative, he feels it is a platform for broad consultation, joint construction, shared benefits.

The current geopolitical climate, combined with the fact that China will host the IDB Annual Meetings for the first time next year in Chengdu (西媒:中国明年将首次承办美洲开发银行年会 巩固中拉关系), may just set the stage for a watershed year in China-Latin America relations. What remains to be seen is the role that AIIB will play — when exactly it will take its seat in the orchestra.

Top Stories

Latin America in the new Asia-Pacific trade order — Brookings
As part of a larger report on Latin America, the Brookings Institute looks at Latin America’s connections across the Pacific:

In order of increasing scope (and decreasing progress to date), the four main Asia-LAC integration processes are: (i) the TPP-11 (without the U.S); (ii) the Pacific Alliance plus Asian partners; iii) the expansion of the Regional Comprehensive Economic Partnership (RCEP) to LAC; and iv) a Free Trade Area of the Asia-Pacific (FTAAP).

These days, one out of four ain’t bad.

黑帮、枪支和辣子鸡:中国吃货们在南美引发一场“牛油果战争”  — Souhu
How the Avocado Became the Fruit of Global Trade — The New York Times Magazine
Stories from the “avocado war” over “green gold.” Chinese food eateries have sparked an “avocado war” in Latin America — from an obscure food, avocado has leapt into the top ten hot fruit on the Tmall Platform. The Chinese see avocado supply as 黑帮、枪支和辣子鸡 (“gangsters, guns, and 'spicy chicken’”), as Mexican cartels are influencing exports of the must-eat food of the moment. Exporters in Chile and Mexico are scrambling to respond (and Colombia looking to get into the game soon); with US saber-rattling over NAFTA, Michoacán growers are finding the demand couldn’t come at a better time.

还在挖掘西方市场?这10个新兴电商市场才是最值得关注的! — CIF News
Mexico, Colombia, and Argentina all make the list of the Top 10 New E-commerce markets for Chinese companies to look at. Colombia's e-commerce market is growing at 45% a year; Mexico’s 59% growth is seen as driven by the improvement in electricity supply under reforms. The top ten is Indonesia, the Philippines, China, the UAE, Saudi Arabia, Israel, and India round out the list. The article states that Chinese companies need to consider these markets, and get in the game.

Latin American and Caribbean Macroeconomic Report 2018 — IADB
Also at last week’s summit in Mendoza, the IDB released their annual report on Latin America and the Caribbean: “A Mandate to Grow” where it notes what might be a concern for primary material exporters in Latin America:

While still a major importer, particularly of metals and grains, China now has substantial domestic production. Changes in Chinese domestic production, as well as stock holding decisions, have the potential to affect global markets.

China — LAC

阅读Weekly Asado对公司合伙人迈克•德汉姆和史密森学会的阿根廷项目文章中文版,请点击这里: 丁字牛排到中国:与迈克•德汉姆的对话,NovamPortam公司合伙人

Alipay Partners With Openpay In Mexico — PYMNTS
Alipay has been reading our top stories. China’s most popular mobile and online payment software will expand in Mexico via partnership with Openpay. “Our partnership with Openpay not only connects Mexican merchants with Chinese consumers seeking their products and services, but also opens new revenue channels for merchants in Mexico,” said Souheil Badran, President of Alipay Americas.

拉美成“说走就走”旅游目的地 — People.cn
Air China Adding Panama City To Network In April — Aviation Week
Air China to Launch New Beijing-Houston-Panama City Route — Travel Pulse
Air China will inaugurate its first Panama City flight on April 5. The route will connect Beijing and Panama’s capital through Houston. Relatedly, Chinese consumers are crowing about “说走就走” (“say ‘away’ and go”) increased easy travel to Latin America this will give them.

Huawei plants more local ‘seeds’ — Newsday TT
Huawei has signed a memorandum of understanding (MOU) with the University of Trinidad and Tobago (UTT) for a third call for students to participate in Huawei’s Seeds of the Future program that gives them a fortnight immersion in Huawei’s tech campus in Shenzhen. UTT Chairman Ken Julien hopes this might spark Huawei interest in the nearby Tamana technology park - as Newsday notes, this "drifted a bit from the stated purpose of the morning’s event."

共叙友情,共话合作 — Ministry of Foreign Affairs of China
Chinese Ambassador to Panama Wei Qiang visited the Goldwind wind farm at Azuero. This is the first and largest wind power project for the company, and an indicator of where things are going in China-Panama relations.

US grants last-minute exemptions to looming steel tariffs — Financial Times
Trump temporarily excludes EU, six other allies from steel tariffs — Reuters
U.S. May Delay Steel Tariffs for Some Nations Wanting Relief — Bloomberg
Trump impone aranceles de 60.000 millones de dólares a China — Expansion
Trump desencadena una guerra comercial con China al imponer aranceles por 60.000 millones — El País
Qué chances hay de que China ponga aranceles a la soja de EE.UU. — La Nación
Preços da soja do Brasil sobem com guerra comercial entre China e EUA — Globo
Brazil-China pork trade may jump if levies on U.S. pork rise: ABPA — Reuters
Continuing the trade policy confusion coming from the US these days, just hours before President Donald Trump's steel and aluminum tariffs would go into effect, Mexico, Australia, Argentina, Brazil, South Korea EU, and Canada were temporarily exempted from the tariffs. China has also been slapped with $60b in intellectual property-related tariffs, and Brazil and Argentina are watching to see if they can benefit from China slapping retaliatory tariffs on US pork and soy. This story is far from over.

Santiago de Cuba undergoing transformation into modernized port with Chinese assistance — Xinhua
China Communications Construction Company (CCCC) continues in its $120m project to revitalize Santiago de Cuba's port, paid for by the Chinese government. When completed, the terminal will have a 232-meter-long pier, two warehouses, three multipurpose cranes and a waste treatment plant, which can load and unload some 565,000 tons of merchandise a year.

China quiere aumentar la cooperación con Perú tras relevo en la presidencia — La Vanguardia
China brindará más cooperación al Perú tras ingreso de Vizcarra por PPK — Gestión
The shake up in Lima doesn’t faze China. Beijing has stated its intentions to maintain and successful and cooperative relationship with Peru, following the resignation of Pedro Pablo Kuczynski. “We congratulate President Vizcarra and hope Peru will maintain its stability and social and economic development,” says Chinese spokesperson for the Ministry of Foreign Affairs Hua Chunying.

江苏张家港口岸首次进口墨西哥猪肉 — Techfood
A container of Mexican pork has arrived at Zhangjiagang Port in Jiangsu Province. The 22 tons of pork knuckles, trotters, and neck bones is worth only $45,000, but is noteworthy as the first shipment to Zhangjiagang since China allowed Mexican pork imports.

Rowley holds finance and trade talks with Chinese delegation — Daily Express
T&T, China talk finance and trade — Loop TT
Outgoing PBOC (People’s Bank of China) Chief Zhou Xiaochuan met with Trinidad and Tobago’s Prime Minister, Dr Keith Rowley.

Brazilian-Chinese joint venture unveils first co-built vehicle — Xinhua
Caoa Chery, the joint venture comprising Brazilian automaker Grupo Caoa and its Chinese counterpart Chery, unveiled the Tiggo 2, a new Sports Utility Vehicle "planned and designed for Brazil," said Henrique Sampaio, the company's marketing manager.

CNPC, PDVSA revive 400,000 b/d greenfield refinery, petchem project in South China — Platts
China National Petroleum Corp and  Venezuela’s PDSVA shelved Guangdong refinery plan has supposedly been brought back to life. We’ll see.

Eduardo Chadwick: “En el mundo del vino premium, China será el único lugar para los próximos 10 años” — Pulso
Eduardo Chadwick, president of the Chilean wine group Viña Errázuriz, believes China is the “market of the future for the high end market” for wine. China is Chile’s number one wine importer, and despite a low per capita consumption, Chadwick sees a lot of room for growth and increased profit as branding continues to develop.

Argentina se promueve como destino MICE en China — Travel 2 Latam
Argentina’s National Institute for Tourism Promotion (INPROTUR) pushed the nation as the optimal site for MICE (meetings, incentives, conferencing, exhibitions) events at the international Incentive Travel & Conventions fair in Shanghai.

China Wants in on the Clean, Copious, and Chilean Energy Boom — PR Newswire
Chile is primed to become a battleground for lithium mining as its mostly untapped production and low production costs push other resource rich countries away. A main player in this race is China, currently producing half of the world’s electric vehicles; as demand rises, so will their interest. Competing with China is Canada’s Wealth Minerals Ltd., who has recently partnered with Chile’s Enami in the Atacama desert. 

First Specific Promotional Campaign for Chilean Nectarines Worldwide Launched in China — Produce Report
Move over cherries - here come nectarines. Chile’s Fruit Exporters Association (ASOEX) has introduced its first fruit promotional campaign ever, focused on the sale of nectarines in China. Chinese demand for the fruit has increased 2.5x over the past three years.

Por qué China realiza enormes inversiones en el sector eléctrico de Sudamérica y cuáles son los beneficios (y el riesgo) para la región — BBC Mundo
China’s energy investments in Latin America are nothing new but Kevin Gallagher, director of the Global Development Policy Center at Boston University, cautions Latin American nations as they welcome high-profile investments and turn a blind eye to possible social and environmental risks.

Trina anuncia nuevo enfoque en el mercado argentino — PV Magazine
Argentina’s renewable energy market has encouraged China’s Trina Solar Limited, the world’s second largest manufacturer of solar panels, to reiterate its interests.

Japan — LAC

Japan pledges $5 million to support public-private partnerships in Latin America and the Caribbean — IADB
At the IDB Annual Meeting in Mendoza, the Japan government and the IDB signed an agreement expanding their partnership in support of public-private partnerships (PPPs) in Latin America and the Caribbean, with Japan committing $5m to the program.

Korea — LAC

KORES to start copper trial mining in Panama with $178mn financing — Pulse News
Korea’s state-run mineral developer Korea Resources Corp. (KORES) expects trial production in its Cobre Panama project to begin in the second half of this year. KORES has been able to secure $178m in financing for the project — in which it owns a 10% stake — despite past troubled investments. The Cobre Panama project sits atop the world’s tenth largest copper deposits.

India — LAC

Indian Government eases apple import rules — Fresh Fruit Portal
Will we see a Chile Week Mumbai soon? India has expanded ports of entry for apple imports to any port in the country (from a previous five). Chile is a top five exporter of apples to India.

ASEAN & Oceania — LAC

Indonesia considering beef imports from Brazil — Beef Central
A delegation from Indonesia’s Ministry of Agriculture is heading to Brazil to inspect the beef industry there, with the goal of allowing the importation of Brazilian boxed beef and offal in time for Ramadan in May and June of this year. 

GCC — LAC

Qatar Petroleum wins exploration bids in 4 blocks offshore Brazil — Reuters
Qatar Petroleum and its partners won bids for four exploration blocks in the Campos basin off Brazil’s Rio de Janeiro state. It will hold a 30% stake in two of the blocks to be explored along with Exxon Mobil and Petrobras; and 36% in another two to be explored with Exxon.

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