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Dec 19, 2013 0 Comments

The Trend of Chinese Investments in Latin America and the Caribbean Articles / Opinion Editorials

Authors: FERNANDO MENÉNDEZ

Recently Roberta Jacobson, Assistant Secretary of State for Western Hemisphere Affairs, declared that the U.S. does “not in any way see China as a threat.”   Xinhua cited Ms. Jacobson’s comments at the Sixth China-US Sub-Dialogue on Latin America that the US sees more potential in partnerships with China in the region than adversity.   Ms. Jacobson was largely referring to U.S.-China economic relations in a region of enormous potential for both countries. 

Growth in trade between China and Latin America and the Caribbean (LAC) has expanded exponentially since President Hu Jintao’s first visit to the region in 2004. In 2012, total trade between China and LAC countries reached U.S. $261.2 billion, only a quarter of US-LAC trade.  Nevertheless, Latin America and the Caribbean have registered the fastest growing trade in exports to China.  In fact, by 2009, China overtook the US as Brazil’s second largest trading partner registering $56 billion in trade. 

Beyond trade relations, however, China has embarked on a larger relationship with Latin American and the Caribbean to include increasing overseas investments that will help position it in the global marketplace. 

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