China underlines interest in Latin American investment

Screen shot 2014-04-28 at 10.19.10 AM

China’s Foreign Minister ended a Latin American tour Friday in Brazil, stressing Beijing’s goal of investing in the region as he prepared the way for a July visit by President Xi Jinping.

“There is a complementary economic relationship between China and Latin America and the Caribbean,” said Wang Yi.

“We would like to deepen cooperation via the China-CELAC forum which will start this year,” added Wang, who earlier visited Cuba, Venezuela and Argentina.

The Chinese president’s upcoming July visit coincides with the sixth BRICS summit of developing nations, which will bring together the emerging economic powers of Brazil, China, India, Russia and South Africa.

Xi will also use the occasion to make an official bilateral visit to Brazil, South America’s biggest economy.

And he will be in town during a meeting of representatives of the 33-strong CELAC group of Latin American and Caribbean states.

Wang said China was particularly seeking to invest in infrastructure projects — chiefly roads, railways and power generation — and he touched on the proposed creation of a “high value fund to aid infrastructure construction in Latin America and the Caribbean.”

Energy-hungry China also has plans to increase investments in major oil producer Venezuela, as well as in Brazil, where last October a multinational consortium with Chinese participation won rights to develop Brazil’s biggest oilfield.

With its recent mass buying of commodities from the region, China is a vital trade partner for Latin America, and in 2009 it surpassed the United States and Argentina as Brazil’s number one trading partner.

Wang identified strong potential for Chinese investment in Brazil and its neighbors beyond the $16.5 billion in investment the region received from Beijing in 2013.

“We are talking about means of widening trade, which is already intense, and increasing investment of both countries,” Brazilian Foreign Minister Luiz Alberto Figueiredo said.

 

 

 

Source : Bangkok Post | April 26, 2014

Advertisements

About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
This entry was posted in Business, Economy, Global Sourcing and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s