Via The Economist, a look at why Latin America’s international trade trails most emerging markets: Follow a lorry laden with Brazilian-made cars as it inches down the hairpin bends of the Paso Internacional Los Libertadores (pictured) into Chile and the challenges of trade within Latin America become clear. Four times the lorry grinds to a halt as […]
Read more »Courtesy of the Wall Street Journal, a report on a large scale Peru project – the Chancay port – which will be the first on South America’s Pacific coast able to receive megaships because of its nearly 60 feet of depth and which could speed trade with Asia, while planting Beijing’s flag in Washington’s neighborhood: […]
Read more »Courtesy of Foreign Policy, a report on how a mistaken provision in a Peru agreement has given Beijing control of a key port: Pity the Peruvian negotiators who, five years ago, signed an agreement with the Chinese giant Cosco Shipping Ports. The agreement was about the Port of Chancay, located near Lima, which was to […]
Read more »Via Nikkei Asia, a report on Beijing’s efforts to advance BRI in South America: Chinese Foreign Minister Wang Yi has met with counterparts from Argentina, Peru and Bolivia in the past week, as Beijing intensifies efforts to court Latin American countries through its Belt and Road infrastructure-building initiative. Wang met with Argentine Foreign Minister Diana Mondino […]
Read more »Courtesy of The Financial Times, a report on China megaport builder’s criticism as Lima reverses course on its exclusive right to operate the controversial Chancay project: A Chinese state-owned shipping company building one of Latin America’s biggest deepwater ports has criticised a move by the Peruvian government to remove its exclusive right to operate the […]
Read more »Via The Frontier Post, a report on China’s effort to widen a South America trade highway with a Silk Road mega port in Peru: In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega port rising on the Pacific coast, promising to […]
Read more »