China Widens South America Trade Highway with Silk Road Mega Port
"China is taking advantage of our absence and that's a real problem," said AS/COA's Eric Farnsworth to Reuters.
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"China is taking advantage of our absence and that's a real problem," said AS/COA's Eric Farnsworth to Reuters.
The $3.5 billion deep water port, set to start operations late this year, will provide China with a direct gateway to the resource-rich region. Over the last ten years, Beijing has unseated the United States as the largest trade partner for South America, devouring its soy, corn and copper. The port, majority-owned by Chinese state-owned firm Cosco Shipping, will be the first controlled by China in South America.
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