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China's Resource Grab Continues; Peru Rejoices

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May 29, 2009 – Comments (1)

China's investment in Latin America is showing substantial increase. What does this mean? Well, look out for some good growth in the Peruvian economy. That country just signed a free trade agreement with China and the opening of the IIRSA Highway connecting the Pacific coast of Peru with the Atlantic coast of Brazil will turn Peru into a crossroads for trade between Brazil and China. Incidentally, China recently surpassed the US as Brazil's largest trading partner.

In all, Peru's got to be feeling pretty good about its prospects as the remora attached to these two emerging great white sharks of the global economy. (A good mental image, right?)

1 Comments – Post Your Own

#1) On May 29, 2009 at 12:31 PM, catoismymotor (< 20) wrote:

Too bad there is not a a RR like CNI that connects Peru and Brazil.

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