[FoRK] Latin Americans Back Cuba, Venezuela on Terror
owen at permafrost.net
Sat Nov 20 21:08:14 PST 2004
Its the Bushites abandoning the Monroe doctrine. Too modern for them by
If it isn't serfdom, we're not interested!!
China set to extend its grip on Latin America
TRADING PARTNERS: With Beijing and Santiago planning talks on an FTA,
economists suggested that Taiwan shift its focus to economic persuasion
By Ko Shu-ling
STAFF REPORTER , IN SANTIAGO, CHILE
Saturday, Nov 20, 2004,Page 10
"If Taiwan seeks to excel in trade-oriented economies, it's very
important to separate business from politics."
Choong Yong Ahn, chairman of the APEC Economic Committee
China is beefing up efforts to extend its economic and political
tentacles to Latin America and is set to start talks on a free trade
agreement (FTA) with Chile during the weekend's leadership summit.
The two nations announced on Thursday night that they will formally
start negotiations on a free trade pact. The talks were precipitated by
Chinese President Hu Jintao's (胡錦濤) recent visit to Beijing's
diplomatic allies Brazil and Argentina.
According to statistics released by Beijing, bilateral trade between
China and Latin America grew by 50.4 percent to US$26.8 billion last
year from 2002. China's exports increased 40 percent last year, while
its imports from Latin America soared by 79.1 percent.
Trade between China and Brazil has increased 800 percent over the past
10 years, and last year China became Brazil's third-largest trading
partner, behind the US and Argentina. Beijing hopes to double its annual
trade with Brazil to US$20 billion within three years.
China has become Argentina's fourth largest trading partner, with
two-way trade reaching US$3.176 billion last year, up 122 percent from
the year before, according to figures released by Beijing.
Chile in 1970 became the first South American nation to establish full
diplomatic relations with China. Two-way trade between Chile and China
reached US$3.529 billion last year, up 37.6 percent from the previous year.
In the wake of China's ambitious move to tap into Latin American
economies, Taiwan hopes to engage in more FTA talks and thus secure
firmer relations with its diplomatic allies in the region.
Central America is of significant diplomatic importance to Taiwan. Of
the 33 countries in Latin America, 14 have diplomatic relations with Taiwan.
Taiwan signed its first FTA with Panama last August and expects to sign
a second one with Guatemala, although the timetable for negotiations was
disrupted when the Guatemalan government was reshuffled at the end of
Negotiations with Paraguay to sign an FTA are on the horizon after
Paraguay and Taiwan signed a joint communique in Taipei in May,
promising to hold a bilateral economic cooperation conference in the
Paraguayan capital of Asuncion to further boost trade and economic
Wu Rong-i (吳榮義), president of the Taiwan Institute of Economic
Research and a member of the nation's APEC delegation, said he was not
really worried about China's aggressive ambition to expand its economic
and political influence in Latin America.
While China is trying to gain broader economic control of the Latin
American market, the US will continue to dominate the region, Wu said.
"The Chinese market looks big, but its GDP contributes only 3 percent of
the world's total, while the US accounts for 20 percent. I don't see
China becoming the dominant economic power in the region in the
foreseeable future, because it has a lot of domestic problems to worry
about and the communist regime might collapse one day if it doesn't
handle its own problems well," Wu said.
Instead of battling with the political aspect, Taiwan might want to
switch its focus to purely economic matters, Choong Yong Ahn (安忠榮),
chairman of the APEC Economic Committee, told the /Taipei Times/ on
"I can see the political barrier created by China. If Taiwan seeks to
excel in trade-oriented economies, it's very important to separate
business from politics," he said.
"I think it's possible to move in this direction and it's equally
important that Taiwan continues to expand its economic strengths. I also
believe that it's very possible for Taiwan to sign more FTAs with other
countries if the negotiations are based purely on the economic and
commercial aspects," he said.
More information about the FoRK