Asia, Brazil Helps Latin Shipping

Posted on August 30, 2007 by Hongwei Shang
China, Brazil and Colombia are expected to continue driving growth in Latin American shipping.

The Brazilian general manager for the world's third-largest container shipper expects growth in Latin American shipping to continue, especially on the Asia routes. He expects the strongest growth in routes between the Atlantic coast of Latin America and Asia, the Atlantic coast and Europe, while more uncertain times for the east coast of North America. He is seeing less and less imports from the United States. They expect the TEU traffic between the east coast of South America and Asia to double the next three to four years.

Inbound trade from China is expected to grow strongly. In Mexico alone, TEU imports from China will likely grow 10 percent or more. Experts also believe they will see same kind of growth in Peru, Chile and maybe Ecuador. Generally, it is felt that imports from China should be very good.

http://www.latinbusinesschronicle.com/app/article.aspx?id=1546
Tags:

China May Expand Oil Exploration, Refining Investments in Peru

Posted on August 28, 2007 by Hongwei Shang
China may increase exploration and refining investments in Peru, South America's fifth-largest gas producer, to boost fuel output as domestic demand rises. Peruvian government officials will meet with executives at China National Petroleum Corp., the nation's biggest oil company, later this week, Peru Vice Energy Minister Pedro Gamio Aita said in an interview in China's southern city of Guangzhou yesterday. Peru will seek technical support from China on oil exploration, Gamio said, without elaborating.
The South American country is counting on $4 billion in investment in its oil and gas industry to spur an annual 7 percent economic growth over the next four years. China, the world's second-biggest energy user, is encouraging domestic producers to expand fuel output to meet surging demand, prompted by the fastest economic growth in a decade. China increased crude imports from the Latin American country 88 percent to 172,085 metric tons in June, the Beijing customs said July 23. Peru was China's 15th largest crude supplier that month.
http://www.bloomberg.com/apps/news?pid=20601086&sid=atJuj9oQFLBU&refer=latin_america
Tags:

Argentina to Limit Surging Imports of Chinese Goods

Posted on August 27, 2007 by Hongwei Shang
Seeking to protect local manufacturers and boost job creation, Argentine President Nestor Kirchner imposed new restrictions on surging Chinese imports. Kirchner said tighter controls on products such as electronics, automobile tires, bicycles and watches will benefit national industries and further cut unemployment. The measures will also include import licenses, registries and health and safety inspections. Victor Wang, head of China Trade, Investment & Tourism Center, SA in Buenos Aires claims the move is campaign posturing and could affect Chinese investment in Argentina, which had soared 73 percent in June from a year earlier.
Tags:

First China-Latin America Business Summit to be held in Chile

Posted on August 23, 2007 by Hongwei Shang
The first China-Latin America Business Summit will be held in Santiago, Chile, on Nov. 27 and 28, according to the China Council for the Promotion of International Trade (CCPIT). The CCPIT, the Export-Import Bank of China, Chile National Chamber of Commerce and Chile Bank will co-host the meeting, which is aimed at enhancing economic ties between Chinese and Latin American companies. So far, 18 chambers of commerce or associations from 14 Latin American countries have confirmed sponsorship of the summit and organized delegations and companies to attend. More than 500 Chinese entrepreneurs from more than 150 companies have applied to attend so far.
http://news.xinhuanet.com/english/2007-08/19/content_6562333.htm
Tags:

Closer China-Honduras Ties on the Horizon?

Posted on August 19, 2007 by Hongwei Shang
China's ambassador to Costa Rica recently stated that Honduran President Manuela Zelaya has expressed interest in establishing diplomatic ties with his country. Official word out of Tegucigalpa, however, is that there are not diplomatic openings in the works. Nevertheless, the Honduran government has announced plans to open a trade office in Shanghai.
http://www.forbes.com/feeds/ap/2007/07/31/ap3973329.html
Tags:

Peru announces upcoming trade talks with China

Posted on August 16, 2007 by Hongwei Shang
Recently, the Peruvian Minister of Foreign Commerce and Toursim announced her country's hopes to commence talks towards a trade agreement with China at the beginning of 2008. She reported that representatives of the countries had met to discuss preliminary matters and her belief was that the possibilities for a trade agreement were high. It was further reported that a formal announcement of the talks is expected from Peruvian President Alan Garcia during his upcoming visit to China in September. He is expected to travel to China following his attendance Sep 8-9, 2007, at the Asia-Pacific Economic Cooperation group's upcoming meeting in Sydney Australia (http://www.apec2007.org/).
Tags:

DRRT Attorneys to Present at The Second Annual Conference on Dispute Avoidance and Resolution in Shanghai, China

Posted on August 10, 2007 by Hongwei Shang

Diaz, Reus, Rolff & Targ, LLP Managing Partner Michael Diaz Jr. will be presenting at The Second Annual Conference on Dispute Avoidance and Resolution on August 30th & 31st, 2007 at the Regent Shanghai, China.

The conference, hosted by LexisNexis, and sponsored by leading international law firms is intended to give attendees knowledge to help navigate the potentially treachorous waters of international business disputes.

Mr. Diaz will be presenting on the issue of "When to litigate, when to mediate and when to arbitrate?", and the firm's attorneys will also address "Arbitration in or out of China: What's your choice when your China - Foreign business encounters disputes?"

For more information about this event, please visit the event's official website at http://www.lexisnexis.com.cn/Conference/conferenceinfo/DISPUTE-AVOIDANCE/index.html
Tags:

Welcome to ChinaLat Law Blog

Posted on August 7, 2007 by Hongwei Shang

Welcome to our new blog dedicated to providing information of interest to the business and legal communities of China, Latin America and the United States. At this blog we hope to impart information and discuss items of mutual interest to all those doing business amongst these three communities. We look forward to hearing from all of you in the future.
Tags: