Paraguay’s technology minister said on Thursday that sanctions imposed on him by Beijing over his country’s ties with Taiwan would only accelerate joint projects with the island. Gustavo Villate, who heads the Ministry of Information and Communication Technologies, wrote in a lengthy social media post that the relationship with Taipei would “never be on the negotiating table”. He also suggested that Beijing had acted to protect Chinese telecoms suppliers kept out of Paraguay’s networks. “This...

Trade between Brazil and China reached a record US$143 billion in the first nine months of the year, driven by Brazilian oil sales that surged after the war on Iran disrupted Gulf supply, according to a report by the Brazil-China Business Council. Brazilian exports to China rose 12 per cent to US$84.7 billion between January and September, while imports from China grew 9.9 per cent to US$58.6 billion, the council said in its quarterly analysis of government data. The resulting US$26.1 billion...

A planned US$844 million port in southern Peru has drawn interest from several foreign investors, including Chinese companies, a regional governor said on Monday, as the government began promoting the project abroad. “Several companies have approached us. We have investors from the US, China and India who are very interested,” Rohel Sanchez, the governor of Arequipa, told reporters after signing an agreement with the state investment agency Proinversion. He said firms from Turkey and the...