Three months following the U.S. raid that captured socialist President Nicolas Maduro on 3 January, the Venezuelan National Assembly approved a new law on Thursday loosening the state’s grip on mining investments to open the sector for private and foreign companies.
India and Brazil signed a mining and minerals cooperation pact on Saturday (21 February), as Prime Minister Narendra Modi said the two countries aim to increase bilateral trade to more than $20 billion within five years.
China became Brazil’s largest source of imported vehicles in January, overtaking long-time leader Argentina in a shift that underscores Beijing’s rapidly expanding influence in one of Latin America’s biggest auto markets.
Mexico said it will stop sending oil to Cuba as U.S. President Donald Trump ramped up pressure on the Caribbean nation.
China and Uruguay should should work together to advance an "equal and orderly multipolar world", President Xi Jinping told his counterpart Yamandu Orsi on Tuesday (3 February).
Brazilian President Luiz Inácio Lula da Silva has offered to mediate between the U.S. and Venezuela, warning that urgent diplomatic intervention is needed to prevent a “fratricidal war” in Latin America.
Chinese Foreign Minister Wang Yi has held a phone conversation with his Venezuelan counterpart Yvan Gil at the latter’s request.
In a significant shift in its foreign policy, China has unveiled a new policy paper promising no-strings-attached development support to Latin America and the Caribbean, signalling a major upgrade in its engagement with the region.
The United States has deployed more than 4,000 Marines and sailors to waters near Latin America and the Caribbean in a major move against drug cartels, CNN reported on Friday, citing defence officials.
China will allow citizens of Brazil, Argentina, Chile, Peru, and Uruguay to enter visa-free for one year starting June 1, aiming to strengthen ties with Latin America. The move follows a forum where President Xi pledged $9 billion in credit and new investments in the region.
China and Brazil have committed to bolstering free trade and multilateralism, signing 20 agreements aimed at deepening their economic and diplomatic ties amid global trade challenges. The deal includes increased Brazilian agricultural exports to China.
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