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Pompeo: ‘Iranian Money Remains In Latin America’

U.S. Secretary of State Mike Pompeo says there is "no doubt" that Iran has a financial presence in Latin America and that Tehran remains a "global threat." Questioned about whether Iran has some presence in Latin America, Pompeo told Voice of America, "There's no doubt....

Legislator denounces: Costa Rica will not participate in world fair “for ineffectiveness of Chancellery”

"Due to the lack of interest or desire to work" on the part of the Foreign Ministry, Costa Rica will not be taking part in the Bejing Expo 2019, charges Xiomara Rodríguez, legislator for the Partido Restauración Nacional (PRN).   Rodríguez assures that the non-participation of...

Costa Rican Exports to China Rebound

Although exports have tripled in the last three years, mainly because of increased sales of medical equipment, sugar, ethyl alcohol, and meat, the business sector's expectations are not as optimistic. Data from the Foreign Trade Promoter (Procomer), the institution in charge of promoting the exportation...

El Salvador’s president-elect criticizes China

(AP) — El Salvador’s president-elect said Wednesday that he has not decided whether to keep relations with China, but criticized the Asian nation as not being respectful to his country. In his first public remarks since winning election last month, the 37-year-old Nayib Bukele said...

The Taiwan loan controversy: Loan of US$100 million gives lifeline to Ortega

On February 18,  Nicaragua’s congress accepted a US$100 million loan offered by Taiwan, giving a line of support to President Daniel Ortega’s government. Legislators approved the 20-year loan a day after U.S. President Donald Trump declared that “socialism is dying” in Nicaragua, Cuba and...

While China robotizes its workforce, Latin America is falling behind

By Andres Oppenheimer. I was in Ecuador a few days ago when China’s official Xinhua news agency announced that it will launch the world’s first female robotic news anchor this month. It was only the latest example of how rapidly China is robotizing its...

Caught in the middle of Venezuela’s politics, China mulls options

Chinese diplomats in Caracas are working day and night to help Beijing determine how best to deal with Juan Guaido, the self-declared leader of Venezuela who may not favor continuing the oil-for-loans deals that have underpinned China’s relations with Venezuela for years. Venezuelan opposition leader...

While America slept, China gained a stranglehold on the Panama Canal

St.Louis Post-Dispatch - Decades have passed since tiny Panama ranked among Washington’s big national security concerns. The 1989 U.S. invasion notwithstanding, the two nations have enjoyed largely cordial relations since the Panama Canal handover in December 1999. A boom in canal transits that include two-thirds...

US: ‘Choose a Side’ on Venezuela

The United States on Saturday called on the world to “choose a side” on Venezuela and urged countries to financially disconnect from the government Nicolas Maduro, while the European Union is getting set to recognize opposition leader Juan Guaido as the country’s rightful leader. Venezuelan...

How US-Venezuela Escalation Unfolded From Sanctions to Backing Anti-Maduro Coup

On Wednesday, the Trump administration officially recognized opposition leader Juan Guaido as the ‘legitimate’ president of Venezuela and dismissed Nicolas Maduro’s inauguration. Maduro, on the other hand, hit back, saying that the U.S. has been trying to oust him and were planning a military...

US Scrambling to Counter Growing Chinese, Russian Influence in Latin America

The United States should pay more attention to Latin America, lest China and Russia take root in the region, US Air Force Chief of Staff David Goldfein said in the wake of a trip to Colombia. General Goldfein visited the South American country to persuade...

U.S. Military Targets Growing Russian and Chinese Influence in Latin America

U.S. Air Force Chief of Staff Gen. David Goldfein, returning from a trip to Colombia, said over the weekend that the Trump administration is making a push to strengthen alliances across Latin America as part of an effort to counter rising Chinese and Russian...

Venezuela’s Maduro travels to China in search of fresh funds

CARACAS/BEIJING (Reuters) – Venezuelan President Nicolas Maduro is travelling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans. Chinese President Xi Jinping walks next to Venezuela’s President Nicolas Maduro during his welcoming...

Costa Rica and China Sign Trade Agreement

Both countries have signed an agreement to promote the so-called "Silk Road", which will support commercial, financial and infrastructure development. From a statement issued by the Chamber of Foreign Trade of Costa Rica (Crecex): CRECEX celebrates Cooperation Agreement between Costa Rica and China Costa Rica is one...

Can India compete with China in Latin America? Not likely

Starting at the beginning of this decade, academics and policymakers started to point to India as a potential source of investment, trade, and economic diversification for Latin America. The Inter-American Development Bank (IDB) released a report called “India: Latin America’s Next Big Thing?” and a...

The Dominican Republic Switches Allegiance from Taiwan to China; Global Chess Game Continues

The Dominican Republic government broke diplomatic ties with Taiwan and switch allegiances to China, in a move that highlights the growing economic and geopolitical power of China across the globe. Just last year Panama did the same, accelerating a growing trend in Latin America as...

Financial Experts: US Will Fail to Undermine China-South America Free Trade Deal

Financial experts discussed remarks by Argentine Ambassador to China Diego Ramiro Guelar, who said recently that talks about a possible free-trade deal between China and South America’s major economies could start as early as next year. Following the Summit of the Americas held in Lima,...

Chinese Start-Ups Turn To Latin America as New Land Of Tech Opportunities

The golden opportunity for Chinese start-ups to "go Latin" may have arrived. Things have been looking good between China and Latin America, with trade multiplying 22 times since the year 2000, a stark contrast to Latin American trade with the United States, which merely...

Taiwan warships drop anchor in Nicaragua amid sinking ties with China

TAIPEI (Reuters) – A Taiwanese naval “Friendship Flotilla” of warships dropped anchor in Nicaragua on Monday just weeks after China urged Taiwan’s dwindling diplomatic allies to ditch the self-ruled island in favour of Beijing. Members of Taiwan’s navy arrive to participate in joint training and...

Taiwan stresses Central America ties with navy visit

A Taiwanese navy flotilla docked in Nicaragua on Monday in a high-profile visit highlighting ties with Central America and the Caribbean that are shrinking as China presses countries in the region to drop diplomatic relations. The three vessels -- described as being on a training...

Chinese Railroad in Panama?

A rail line connecting Panama City and David is the first of several joint infrastructure projects to be studied, as part of a cooperation agreement between Panama and China. Technical discussions over the rail link, which would include both passenger and cargo operations, were held...

Panama Moves Closer To Rail Link With Costa Rica

Panama moved a step closer to building a rail link to the Costa Rican border on Thursday, December 7 with the signing of an agreement with China to initiate a feasibility study in 2018. It was signed by Luis Miguel Hincapie, in charge of Panama’s...

Shipment of 16 Tons of Chinese Tear Gas Set for Venezuela Blocked

The Icelandic Ministry of Transport and Local Government received a letter from the European Transport Agency on Friday, October 20 requesting permission to transport anti-riot gear to Venezuela; however, the query was rejected. Image for illustrative purposes The agency requested the transfer of 16 tons of...

Is China Poised to Take on US in Latin America?

A Chinese company has started construction on a US$165 million port in Panama for cruise ships, the first project announced since diplomatic ties were re-established between the two countries in June. The consortium, including China Harbor Engineering Company Ltd (CHEC) and the Belgian company Jan...

How the coffee industry is about to get roasted by climate change

Fall is always a good time to create new habits, and coffee chains know it. These days, they are desperately trying to find any excuse to get you to drink their java. Many chains used National or International Coffee Day, just passed, as a reason...

What and How to Sell to China

Tropical fruits and coffee are two of the products with opportunities in a market with great potential for growth, but challenging at the same time for Costa Rica and Central American entrepreneurs. Former Costa Rican ambassador to China, Marco Vinicio Ruiz, shared his experience with...

China’s FM Talks Up Trade on Costa Rica visit

(AFP) Chinese Foreign Minister Wang Yi kept his focus on building trade and investment ties with Central America during a visit that started Friday in Costa Rica. "We have had 10 years of good cooperation" with Costa Rica, Wang told reporters during a signing of...

More Motorcycles from China and India in Central America

QBUSINESS - In 2016 Central American countries imported US$420 million worth of motorcycles, and compared to 2015, purchases from China and India increased by 15% and 10%, respectively. Figures from the information system on the the Motorcycle market in Central America, compiled by the Business...

China Seeks to Displace Taiwan in Central America

Q24N - Could Nicaragua be the next Central American country to switch diplomatic relations from Republic of China to People’s Republic of China? Last month, Panama became the second country in the region to do so, following the example of Costa Rica in 2007. Concerned about...

China Drives Nuclear Expansion in Argentina, but with Strings Attached

Q24N (IPS) - Two new nuclear power plants, to cost US$14 billion dollars, will give a new impetus to Argentina’s relation with atomic energy, which began over 60 years ago. President Mauricio Macri made the announcement from China, the country that is to finance...

Costa Rica Ships 1st Cargo Of Pineapples to China

Q COSTA RICA - The first shipment of Costa Rica's pineapples left the Pacific port of Caldera, in Puntarenas, for Shanghai, as part of Costa Rica's initial efforts to explore the Chinese tropical fruit market. "This first shipment of pineapples to China marks a milestone...

Drop In Gas Prices Approved

In the coming says, mostly likely before the end of the month, the price of gasoline will drop ¢25 colones for a liter of super; ¢28 for a liter of regular; and ¢20 for diesel fuel. On Friday, the Autoridad Reguladora de los Servicios Públicos...

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