Colombia’s ICJ threat to Venezuela (Reuters)
Jul 23 – Colombian Attorney General says that Colombia could potentially use evidence of Venezuelan support for rebels at the International Court of Justice. (Reuters)
Jul 23 – Colombian Attorney General says that Colombia could potentially use evidence of Venezuelan support for rebels at the International Court of Justice. (Reuters)
A must read article for anyone interested in Sino-Latin American relations was published today on SeekingAlpha’s website. It is written by Erik Bethel, one of the four founders and CEO of Sino-Latin Capital. I highly recommend it to anyone even mildly interested in the growth of Sino-Latin American relations.
Click here to access the full article direct from SeekingAlpha.
Travel to any country in Latin America and you will see the visible hand of China at work: a computer manufacturing plant in Mexico, a copper mine in Peru, a football stadium in Costa Rica. In the year 2007, the thought of China in Latin America would have appeared, at best, improbable. But in a three-year stretch, China signed free trade agreements with Chile, Peru and Costa Rica, inked billions of dollars worth of deals in oil and mining projects throughout the region, and supplanted the US as Brazil’s biggest trading partner. Once almost unseen in Latin America, China’s bilateral trade has risen from $12bn in 2000 to well over $150bn today.
Given the importance of its new Asian friend, Latin Americans are rolling out the red carpets to Chinese business delegations and jumping on planes not only to Beijing but also to Shanghai, Shenzhen, and Tianjin.
Rationale Behind Chinese Investments in Latin America [...]
Please visit SeekingAlpha to read the full article
Macau-born entrepreneur Lucas Lo, who is of Peruvian decent saw his hard work rewarded today when the official announcement came — Peru will open a Chamber of Commerce in Macau on October 7th.
Peruvians in Shanghai, along with new friends from around the globe, communed to celebrate the first annual National Pollo a la Brasa Day on July 18th.
The celebration was held at Brasa Chicken, notorious in Shanghai for preparing the best rotisserie chicken the city has to offer, and which is owned by Peruvian Chef and long time Shanghai resident, Eduardo Vargas.
The mood was upbeat as friends and family enjoyed a taste of Peru over good conversation on one of the first sunny days with blue skies Shanghai has experienced in weeks. A perfect way to bid farewell to Shanghai’s rainy season, which officially ended only one day prior on July 17th.
The country of Peru has just designated the 3rd Sunday of the month of July as “National Pollo a la Brasa Day!”
Come join us in celebration at Brasa Chicken’s flagship restaurant. Enjoy a feast of the finest chicken in all of Shanghai.
SPECIAL OFFER: 1/4 chicken with french fries, salad, free flow soft drinks and one Pisco Sour for ONLY 25 RMB per person!
When: Sunday, July 18th, 2010 from 13:00 – 15:00
Where: Brasa Chicken — 1/F, Unit 103 Life Hub Jinqiao, 3611 Zhangyang Lu, near Jinqiao Lu / 张杨路3611号， 近金桥路
Tel: 2023 3353
Fax: 2023 3352
Visit the official website of the Peruvian Pavilion of the Shanghai World Expo 2010 to learn more about Peru’s efforts to build a cultural and economic bridge with China.
Andina News reported a few blog worthy news bites on Peru today. Visit their site to browse more stories, including the complete version of the excerpts posted below.
Peru prepares pisco promotional campaign in Asia
Lima, Jul. 12 (ANDINA). In a bid to boost pisco exports, Peru will launch a promotional campaign for increasing consumption of its national drink in the Asian continent.
“Pisco has enormous potential in the Asian market but we still have a lot to do. Commercial offices in the region are making progress and we must design an aggressive campaign,” said the director of the Commercial Office of Peru in Taipei, Gycs Gordon.
Peru’s GDP likely to post two-digit growth rate in second quarter
Lima, Jul. 12 (ANDINA). Peru’s Gross Domestic Product (GDP) growth rate would have registered a two-digit increase in the second quarter this year, Peru’s Minister of Economy and Finances Mercedes Araoz said Monday.
Peru, Ecuador discuss tourism cooperation
Lima, Jul. 12 (ANDINA). Peruvian Trade and Tourism Minister Martin Perez will meet Monday with Ecuador’s Tourism Minister Freddy Ehlers to address issues relating to tourism facilitation, investment, community-based tourism and handicrafts, among others.
Following the coming into force of the FTA between China and Peru this past March, Peruvians are being encouraged to invest roughly $5,000 usd on trips to China.
This was the announcement made by Jorge Chiang the Peruvian Economic and Commercial Counselor in Beijing today.
“It’s necessary to have more Peruvian business people in that country, who know their partners and participate in trade shows and missions,” said Chiang.
Click here to read more about this from Peruvian News Agency, Andina
The Industrial and Commercial Bank of China will open its first office in Peru to help support the growth of trade andinvestmentsbetween China and Peru, announced Jiang Jianqing on July 8 during a meeting with Peruvian President Alan Garcia.
“The project will materialize soon but first we must develop the banking supervision procedures between the two countries,” said Jiang Jianqing.
ICBC’s first activities in Peru will focus on trade between China and Peru, as well as services to help Chinese businesses operating in the country.
Click here to read more about this development from the Peruvian News Agency, Andina.
Reuters and the Mining Journal are reporting on each of their respective websites that Xstrata has approved a massive $1.47 billion usd expansion project of the Antapaccay copper development in Peru.
The aim is to expand the company’s Tintaya Copper mine which is roughly 10km away, adding 60,000 tons of copper to annual production (a 60% increase).
Read more about this development in this article published by The Mining Journal
In line with China’s outbound investment strategies in Africa and Asia, China is now planning to create a $5 billion usd investment fund for Latin American investments.
The funds target investments will include, infrastructure (probably to help the Chinese get commodities out), agriculture, mining and energy.
Read more in Spanish from Argentinean DERF Agencia de Noticias.
