Thursday, July 22, 2010

China Remains Important Trade Partner

Latin America's recovery during the recession can be attributed in part to trade ties with China, one commission said.

The Economic Commission for Latin America and the Caribbean reported that China is an increasingly important trading partner, particularly in countries like Brazil, Venezuela and Peru.

"China will remain a very dynamic economy and continue to attract commodities," ECLAC executive secretary Alicia Barcena said.

Indeed, Barcena said Latin Americans should consider exporting even more to China, such as soy oil.

Also this week, Reuters reported that China's spending and sales to Latin America are increasing, particularly in machinery sales.

In a similar article, Salon noted that Brazil and China are "keeping Caterpillar assembly lines running hard."

Sources: The Global Times, Reuters

Photo: Center for American Progress, Brazilian President Luiz Inacio Lula da Silva and Chinese President Hu Jintau at a 2004 investment and trade seminar

No comments: