China strengthens Latin American grip as trade relations skyrocket

Bolivia’s Santa Cruz — China’s reach within Latin America continued to expand in 2021 20 year trend The growth and influence of Asian giants through trade

From 2000 to 2020, trade with China surged from $ 12 billion to $ 315 billion.

Last year, bilateral exchanges increased by another 31.6 percent.

By 2035, China’s business relations forecasts for the region will more than double, accounting for more than $ 700 billion.

The expanding influence of economic powers in Latin America is not new, but the speed at which it is happening is frowned upon by some experts.

As of 2010, the United States was found to be the second largest export market in Latin America after China.

Much of this is due to the lack of overall interest by some decision makers within the US government in building stronger relationships within the region.

Epoch Times Photo
Senator Marco Rubio (R-FL) will speak with reporters at the US Capitol on August 1, 2019 in Washington, DC. (Marc Wilson / Getty Images)

Republican Senator Mark Rubio Said“What the United States needs is a real strategy to strengthen Latin American democracy and the rule of law and counter the malicious effects of the Chinese Communist Party.”

In an interview with The Epoch Times, regional analyst Fernando Menendez said that as the United States spent decades focusing on the Middle East, China quietly stepped into the economic stages of the Americas and gained its influence and power. He explained that it began to expand systematically.

This is especially apparent in Chile, which has historically been one of the United States’ strongest trading partners in this area.

Chile’s ambassador to China, Luis Schmidt, explained that trade with other countries decreased by 10% during the 2020 pandemic closure, while relations with China increased by 12%.

He added that 38.2% of the world’s exports from Chile went to China and continued to increase in 2021.

Schmidt also noted that China’s investment in Chile actually began to flourish in 2019, confirming that Asian countries are their major trading partners.

This kind of expansion has not been overlooked by the US Congress, which has expressed concern about the swelling impact of communist rivals in Latin America.

One parliamentary report Special attention was paid to China’s promotion of military targets in the region.

Bolivian President Evo Morales
President Evo Morales of Bolivia will address the media on November 10, 2019 in El Alto, Bolivia. (CarlosGarcia Rawlins / Reuters)

Peru’s Minister of Foreign Trade and Tourism Robert Sanchez also confirmed that China is a major trading partner for bilateral business, with a 63% increase in the first eight months of 2021. Mainly due to exports of fishing and mining.

By comparison, relations between Peru and the United States grew by only 25 percent in the same year.

“Foreign trade is growing, mainly driven by increased trade with Asian countries,” Sanchez said.

In Bolivia, China’s beef export demand continued to skyrocket last year. This trend was established under former President Evo Morales in 2019 and continues under the current socialist regime.

Compared to March 2020 and March 2021, cattle exports increased by $ 15.8 million.

Argentina, which has been suffering for a long time economically, surpassed Brazil as China’s major trading partner in 2020, and imports from communist countries surged by 78% from 2020 to 2021.

While China’s influence continues to grow through commerce, China is approaching to manage both the resource and manufacturing objectives of many of the world’s commodities.

And with that power, it gives rise to the power to decide with whom Latin American countries do business.

Senator Rubio called Nicaragua’s severance of diplomatic relations with Taiwan “disturbing development for both the United States and the entire Western Hemisphere” last December, and the level of power China has accumulated near the US border. It shows that it is functioning as a barometer of.

Realized pandemic opportunity

“China has never rushed to stop buying goods or exporting industrial products. [during the pandemic]”Menendez said.

And among these major products that China sent to Latin America was the COVID-19 vaccine.

In the early stages of pandemic vaccine deployment, Latin American countries struggled to access immunization, creating so-called “vaccine diplomacy” in the world’s less economically developed countries.

China quickly came into the limelight by selling millions of vaccines to the besieged Latin American countries.

The communist state first deployed a vaccine program in Latin America and sold Sinovac and Sinopharm vaccinations to enthusiastic governments. As early as March last year’s. Immunity from the United States did not reach the area until June.

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On March 19, 2021, in Santiago, Chile, healthcare workers vaccinated citizens over the age of 60 with the Sinovac vaccine. (Marcelo Hernandez / Getty Images)

According to one analysis, more than 42% of China’s COVID-19 vaccine was sent abroad, while the United States exported only 1% of its own.

And leaders in the region do not forget who came to help them while struggling with the high number of cases and the public’s demand for immunization.

In August last year, Bolivian Foreign Minister Rohelio Meita said, “We emphasize the support of China and Russia for helping to obtain the vaccine in the fight against COVID-19.”

Mexico’s President Andres Manuel Lopez Obrador personally thanked China for helping fight the pandemic through the shipment of vaccines during the live broadcast in December.

Menendez has a very strategic goal of selling vaccines from China. absolutely. “

Autumn Spredemann


Autumn is a South American-based reporter who focuses primarily on Latin American issues in the Epoch Times.