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Archive for 'Trade'

Hong Kong and Chile to begin Trade Talks

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The growing importance of China and its outflow of investment capital through Hong Kong has prompted that city to begin trade negotiations with sovereign countries. First in line in the Americas is Chile. What makes this development interesting is that countries, and not cities negotiate bilateral investment agreements. According to a recent article from the South China Morning Post, the deal will be discussed during a meeting between Chief Executive Donald Tsang Yam-kuen and Chilean President Sebastian Pinera at next month’s Asia-Pacific ...

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Korea accesses US through Latin America

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The new bilateral trade agreement between the United States and Korea will dramatically increase commercial ties with the regions. In a recent interview with Korea Herald, Inter-American Development Bank chief Luis Moreno said that Latin America is a strategic gateway to the United States. Bilateral trade between Latin American countries and Korea has been expanding by 16.1 percent annually for the past few years, but Korea’s still represents a tiny 2.5 percent of Latin America’s total trade.

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Korea Strikes Deal with Latin America on Natural Gas Extraction

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The Korea Trade-Investment Promotion Agency, Korea Gas and the Inter-American Development Bank signed a memorandum of understanding that would facilitate the exploration and extraction of natural gas in Latin America. Korea Gas is one of the largest importers of natural gas in the world. With Korea Gas’ technology and the Export-Import Bank of Korea’s financing, this partnership could help Latin American better access this natural resource. It is the hope of several countries in the region that the resource is processed ...

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US Actively Seeks FDI

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The Unite States Government actively seeks foreign direct investments through a new office out of the US Commerce Department, SelectUSA. FDI is seen as a way to bring jobs States side. These commercial and investment services will be offered  through US embassies and consulates abroad and include helping foreign investors navigate Federal regulations. In addition, cabinet secretaries will be deployed to outreach potential foreign investors. However, a recent Wall Street Journal article mentions that no new tax incentives are expected.

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Puerto Rico should set its sights on Asia

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Leading economist in Puerto Rico, Joaquin Villamil of Estudios Tecnicos explains that whether or not the United States enters a double-dip recession, Puerto Rico must find a way to enter Asian Markets. One can also conclude that the region would be the source of investments to Puerto Rico.

http://m.elnuevodia.com/descartanotrarecesion-1083399-0.html

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Taiwan Trade Mission Coming to Puerto Rico

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The Taiwan External Trade Development Council (TAITRA), the leading trade and investment promotion organization in Taiwan, will visit Puerto Rico on a Caribbean trade mission next month. The delegation is comprised of six enterprises from various industries, including industrial machinery, electronics, hardware, entertainment hardware and food.

To read more: http://www.caribbeanbusinesspr.com/news03.php?nt_id=62717&ct_id=1&q=taiwan

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Costa Rica Aims to be China’s trade hub to the Americas

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As the only Central American country that maintains diplomatic relations with China, Costa Rica is trying to set itself as the hub for Chinese investors to enter markets in the Americas. With a Free Trade Agreement between those nations that came into effect August 2011, bilateral commerce is set to increase even more. Already, the General Administration of Customs of China shows that trade volume between China and Costa Rica reached $3.8 billion in 2010, up 19.2 percent year-on-year. According to recent news articles, trade is not only a one-way relationship. Since 2000, Costa Rican exports to China, which include computer components and accessories, electrical plugs and agricultural products, increased approximately 70 percent annually.

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Puerto Rico Sets Sights on Asian Investment

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The Secretary of Economic Development and Commerce of Puerto Rico, José Pérez-Riera explains the island outreach and promotion activities to attract investments from China, South Korea, Japan, Taiwan and Singapore .

Read More from Caribbean Business Article published August 16, 2011:  http://www.caribbeanbusinesspr.com/news03.php?nt_id=60815&ct_id=1

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Puerto Rico Realiza una Campana de Acercamiento a China y Asia

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