The Nicaraguan Congress has approved a proposal to have a canal built linking the Pacific and the Atlantic Oceans. A Hong Kong-based company has been granted a 50-year concession to build the waterway, which will rival the Panama Canal.
China is determined to strongly stimulate agriculture cooperation with Latin America to improve bilateral trade in the field, develop farming technology and improve productivity. This was the main conclusion of the recent China/Latinamerica Agriculture Cooperation Forum held in Beijing which convened over twenty Agriculture ministers from the region with host minister Han Changfu.
Nicaragua is moving closer to granting a Chinese company a 100-year concession to build and operate a canal linking the Atlantic to the Pacific.
Construction of the waterway would take 10 years and cost 40 billion dollars.
Global agricultural production is expected to grow 1.5% a year on average over the coming decade, compared with annual growth of 2.1% between 2003 and 2012, according to a new report published by the OECD and FAO released this week.
China approved three genetically modified soybean types for consumption, including the RR2BT seed resistant to the imidazolinonas and the glufosinat-ammonium herbicides. The announcement was made following a meeting between Agriculture ministers from Argentina and China in Beijing.
Leaving behind an atmosphere of mistrust, China and Mexico agreed this week to upgrade bilateral ties to comprehensive strategic partnership, and thus opening broad prospects for economic and trade cooperation between the two countries.
Uruguayan president Jose Mujica called on Spain for a more decisive role in the trade and cooperation agreement discussions between Mercosur and the European Union which have been going on for over a decade.
Uruguayan president Jose Mujica, 78, cancelled the last leg of his European visit, Italy, saying he was exhausted and suffering from jet-lag. He has been in the road since May 22, with a first official three-day visit to China, later to Spain, the Vatican and to Galicia and the Basque country, from where his family came.
The leaders of Mexico and China will meet for the second time in two months this week, a sign of deepening cooperation, even as the Latin American nation seeks to close a huge trade deficit. Chinese President Xi Jinping will be treated to a lavish two-day state visit in Mexico that begins on Tuesday, with an event at the Campo Marte military field with President Enrique Peña Nieto and a speech to Congress.
On Tuesday Uruguayan President Jose Mujica said that the policy of integrating the economies of Asia and his country is a necessary “strategy for the future.”