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Between 2000 and 2009, trade between China and Latin America increased by 1,200% from $10 to $130 billion. [2] According to the Chinese Trade Ministry Counselor Yu Zhong, in 2011 the value of trade increased to $241.5 billion, making China the second largest trading partner of Latin America (the USA is the largest).
Both the co-financing facility and fund support investments and projects in Latin America and the Caribbean. [1] It is one of three multilateral cooperation funds created by the Chinese government to advance the economic relationship between China and Latin America.
It is one of two multilateral cooperation funds created by the Chinese government to advance the economic relationship between China and Latin America. The other is the China-LAC Cooperation Fund. Similar to the investment funds in promoting economic ties, the Special Loan Program for China-Latin America Infrastructure Project is a special ...
China–Peru relations (Chinese: 中秘关系; pinyin: Zhōng mì guānxì; Spanish: Relaciones China-Perú) are foreign relations between the People's Republic of China and the Republic of Peru. Peru is the first Latin American country that China established formal ties with, which was done by the Qing dynasty in August 1875. [ 1 ]
The lack of focus on Latin American development in the post-war period was addressed by the creation of the Inter-American Development Bank (IDB) was established in April 1959, by the U.S. and initially nineteen Latin American countries, to provide credit to Latin American governments for social and economic development projects. Earlier ideas ...
Exports to China increased from US$171m in 2008 to US$2500m in 2017. Exports remained largely made up of primary commodities, namely soybeans, wool, and meat products. Imports from China increased from US$833m to US$1704m in the same period, consisting mainly of manufactured products. Since 2012, Uruguay has had a trade surplus with China. [1]
Argentina is one of China's main trading partners in South America; the trade between both countries amounting to nearly $13 billion in US currency. Before 2008, the amount of exports Argentina sent to China accounted to be US$5.796 billion, and the imports from China to Argentina totaled to be US$7.649 billion. [9]
Chinese-American trade was still hindered by the Jackson–Vanik amendment of 1974, which made trade with the United States contingent on certain human rights metrics. [12] By 1984, the United States had become China's third-largest trading partner, and China became America's 14th largest.