South American Economics/China-Latin American Relations Thread

[luminary]

Standard right wing US-backed puppet president bows to commercial pressure and signs deal with China.​

https://twitter.com/i/web/status/1659971913899188225

https://twitter.com/i/web/status/1750320521789739472

Ecuadorian president signs decree ratifying free trade agreement with China​

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[luminary]

This has been ongoing for 40 years in Argentina-the hyperinflation.

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I’d postulate that Argentinians have lost their life savings about 4 times before 2001.

1. 1983 and before: Peso
2. 1983-85: Peso Argentino (10,000 old Pesos = 1 Peso Argentino)
3. 1985-91: Austral (1,000 Peso Argentino = 1 Austral)
4. 1992 and since: Peso Convertible (10,000 Austral – 1 Peso Convertible)

 

[luminary]

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The Intercidades line will connect the metropolitan regions of São Paulo, Jundiaí and Campinas, using 15 trains.

The contract also includes the construction of a 44km inter-metropolitan train line (TIM), which will have five stations: Jundiaí, Louveira, Vinhedo, Valinhos and Campinas.

Construction of Trem Intercidades is expected to be completed in 2031, while TIM is likely to be finished in 2029.

“The success of this auction can stimulate other passenger train projects to connect different cities," Joubert Flores, president of Brazilian passenger transport association

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, told BNamericas.

 

[gelgoog]

Brazil should just build a HSR line between São Paulo and Rio de Janeiro.

 

[tphuang]

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big deal for Brazil. Getting Brazil is so difficult if you don't have a car.

 

[luminary]

big deal for Brazil. Getting Brazil is so difficult if you don't have a car.

Even car is hard. Their roads are terrible, even the locals would rather fly between Rio and Sao Paolo than drive. Intracity is much easier than intercity.



Per capital GDP

Military spending

% renewable energy

Costs of starting a business

https://twitter.com/i/web/status/1854426171544400253

 

[luminary]

We will see if Mexico bends the knee

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“Both the USMCA and this ruling issued by the trade dispute panel are designed primarily to protect the interests of transnational corporations.”

As we

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would happen a few weeks ago, Mexico has lost the dispute settlement panel brought by the US and Canada over its attempt to ban imports of genetically modified corn for direct human consumption. On Friday (December 20), the arbitration panel ruled in favour of the United States, asserting that Mexico’s 2023 decree banning the use of genetically modified (GM) white corn for human consumption violated the terms of the trade agreement.


It wasn’t even a close run thing: the panel’s three judges agreed with the US on all seven counts in the case. The panel has given Mexico 45 days to realign its policies with the ruling. Failure to do so could result in stiff penalties, including sanctions.

As we’ve

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, this case may be an important battle for Big Ag lobbies and biotech companies but it is an existential one for Mexico, for whom corn is the cornerstone not only of its cuisine and diet but also its culture.