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China exported US$1.5 billion of goods to El Salvador and imported US$105 million in 2019. The major commodities exported by China to El Salvador are machinery, textiles, plastic and rubbers, and various miscellaneous items. The major commodities that El Salvador exports to China are electrical capacitors, raw sugar, and coffee.
On the other hand, a large part of the exports of Costa Rica (which has a Free Trade Agreement with China), El Salvador, and Mexico to China were high-tech manufactured goods. [6] 5% of China's exports went to Latin America in 2009 and consisted mainly of industrial and manufactured goods. Chinese goods are popular in part due to their low costs.
Most of El Salvador's COVID-19 vaccines were donated by the United States and China. [165] [166] On 13 May 2021, Bukele donated 34,000 doses of the COVID-19 vaccine to seven towns in Honduras after pleas from their mayors for vaccine doses. [167] El Salvador had received 1.9 million doses at the time, and Honduras had only received 59,000. [168]
Chinese companies, both private and state-owned, have also strengthened their presence in Panama through billions of dollars in investments, including a cruise terminal and a bridge to be built ...
The proposal for the creation of an "Asian Infrastructure Investment Bank" was first made by the Vice Chairman of the China Center for International Economic Exchanges, a Chinese government think tank, at the Bo'ao Forum in April 2009. The initial context was to make better use of Chinese foreign currency reserves in the wake of the global ...
In 2021, El Salvador became the first country to adopt Bitcoin as legal tender, mandating that businesses accept the leading cryptocurrency as a form of payment and rolling out a digital wallet ...
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After a bumpy rollout, El Salvador is the first country in the world to accept bitcoin as legal tender. El Salvador will exempt foreigners from paying bitcoin taxes to encourage investment, report ...