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Xi Jinping’s visit to South America to attend the APEC and G20 meetings had multiple goals. To inaugurate a new gateway for China in Peru’s Chancay port, sign three dozen cooperation agreements with Brazil, and make nice with the continent’s nations from Chile to the Honduras. Did it succeed in expanding China’s influence in the region? Most certainly, yes.
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The Asia Pacific Economic Community summit, held in Peru from Nov 13-15, attracted many leaders, but most eyes were on President Xi Jinping of China who cut the ribbon on a Peruvian port, China’s largest investment in South America. Meanwhile the APEC CEO Forum was more interested in the impact of incoming U.S. President Donald Trump on their economies and on the region.
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China's influence and presence in Latin America has grown rapidly in the form of trade and investment. China's growing presence is both a concern for Latin America and the U.S., which creates a window of opportunity for India
Courtesy: globalsherpa.org
The Indian government has undertaken a massive financial inclusion scheme to bring bank accounts to the poor. But poverty alleviation needs to be addressed at multiple levels for which the Latin American example of using targeted and customised conditional cash transfer programmes can help India
Courtesy: McFarland
'Latin American Unification: A History of Political and Economic Integration Efforts' is an objective and optimistic narrative by Salvador Rivera of the region’s attempts at consolidating its collective strength
Courtesy: wikimediacommons
Even small Indian IT companies have managed to succeed in the Latin American market. Understanding the local culture is one of the main keys to success as illustrated in the case of Mann India Technologies, which was one of the earliest Indian entrants in the Latin American IT market.
Courtesy: www.narendramodi.in
Gateway House outlines a renewed agenda for India’s relationship with Latin America. If the new government led by Narendra Modi takes these policy steps, centred on economic diplomacy, India can benefit from Latin America’s huge natural resources, increasingly assertive foreign policy, and significant economic growth
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In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
Courtesy: www.narendramodi.in
The burgeoning trade between the state of Gujarat and Latin America has ensured that Narendra Modi’s campaign is closely followed in Latin America. The new government in India must build on this engagement, which will help address India’s energy, food and investment needs
Courtesy: Lupin World
In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month