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IE Singapore deepens ties with Latin America

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Singapore and Latin America announced plans to increase economic ties. Bilateral trade rose by 38% already in 2011. The trade promotion International Enterprise (IE) Singapore signed a MOU with the Development Bank of Latin America at the Latin Asia Business Forum yesterday.

Read more: http://www.businesstimes.com.sg/sub/news/story/0,4574,459251,00.html?

 

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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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Asia’s new model company

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Samsung’s recent success has been extraordinary. But its strategy will be hard to copy

THE founders of South Korea’s chaebol (conglomerates) were an ambitious bunch. Look at the names they picked for their enterprises: Daewoo (“Great Universe”), Hyundai (“The Modern Era”) and Samsung (“Three Stars”, implying a business that would be huge and eternal). Samsung began as a small noodle business in 1938. Since then it has swelled into a network of 83 companies that account for a staggering 13% of ...

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China and Latin America Strengthen Economic Ties

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China and Latin America converge economically. Most of the recent deals have been in the extraction of natural resources, such as Sinopec’s US$7.1 billion-deal for YPF’s Brazilian unit; Chinalco’s $2.16-billion deal with the Toromocho Copper Mine, in Peru; CNOOC’s $3.1-billion deal for a 50-percent stake in Argentina’s Bridas Corp; and Wuhan Iron & Steel’s $400mn investment in MMX. However, it has not all been about natural resources. China eyes the growing markets of Latin America as well as other investment opportunities. Case in point include Foxcon’s $10 billion investment in Brazil to manufacture the next generation of iPads, and China New Machine Energy’s Jaguar Energy Guatemala plant.

The Chinese Government support approves these deals and provide financing through the China Development Bank (CDB), and The Export-Import Bank of China ...

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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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Sinohydro to win $1.2b hydroelectric generation project in Costa Rica

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China’s largest hydropower construction enterprise, Sinohydro Corp, is expected to win a $1.2 billion contract to jointly build a 300 megawatt hydroelectric power generation plant in CostaRica with Costa Rican Institute of Electricity (ICE).

To read more: http://www.chinadaily.com.cn/cndy/2011-08/10/content_13081666.htm

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