China in South and Central America

Argentina

• China’s quest for control of raw food products has led it to the construction of a new grain river port terminal at Timbues along the Paraná River in northern Argentina. Financed by Noble Argentina, owned by the Hong Kong commodity trader Noble Group, the Timbues port project has a cost estimated at $51.2 million

International Finance Corporation. Summary of Project Information (SPI). 7 September 2005. 10 May 2007 <www.ifc.org>.

• Argentina has been touting China as a possible “energy savior,” mostly because of a $5 billion investment on the part of China SONANGOL International Holding (CSIH) to cooperate in hydrocarbon projects, including the “transport and distribution of energy and the construction of oil and gas pipes.”

Dow Jones. "China-Argentina oil investment deal gives Angola key role." 9 December 2004. Alexander's Gas & Oil Connections. 11 May 2007 <http://www.gasandoil.com/goc/company/htm>.

Click here for the ITUC's Annual Survey of violations of trade union rights