China is pushing for a free trade agreement with South America’s Mercosur bloc or any of its individual members (Brazil, Argentina, Paraguay and Uruguay.) The recent election in Brazil could be a game changer, with rumors that trade talks could be on the agenda of incoming President Lula da Silva’s upcoming Beijing visit. (MERCOPRESS)
Ghana is poised to seek debt relief under the G20’s controversial Common Framework initiative and, if approved, would become only the fourth country to do so. After watching the slow debt restructuring process in both Zambia and Sri Lanka, Accra wants assurances from Paris Club creditors that negotiations would be expedited. Ghana recently defaulted on payments of its $28 billion debt, $1.7 billion of which is owed to Chinese creditors. (REUTERS)
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Brazilian Foreign Minister Mauro Vieira warned that the South American Common Market known as Mercosur is in jeopardy if Uruguay signs a free trade agreement with China. Viera told the Folha de Sao Paulo ...
China, not South Africa or France, will serve as co-chair of Zambia’s new creditor committee, said Finance Minister Situmbeko Musokotwane. “It does make sense for our biggest creditor to play a leading part, to take ...
Japan will upgrade its ties with the Southeast Asian bloc ASEAN later this year to a “comprehensive strategic partnership” — joining both the United States and China at this level. Tokyo is moving quickly to ...
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