Back in the late Fall (November 15, 2020), negotiators signed off on the first free trade agreement between China, Indonesia, Japan, and South Korea, four of the five largest economies of Read more
China and Japan have had a long-standing prickly relationship. In more recent years, this has been exacerbated by the dispute between the two countries over the Senkaku islands. That being Read more
Tuesday, September 23, 2020, 2 – 3 pm EST For our 3rd webinar in the China BRI series, we move on to a conversation about and prognosis for the impact Read more
SAVE THE DATE: Thursday, October 8, 12 – 5 pm EST
“Many of the products we consume or use . . . are either manufactured in China or have components that are sourced from China.”
“When China changed its economic policy to a more consumerist-friendly driven force, it began to attract manufacturing companies due to its low cost from wages and a state-run economy that was encouraging investment and access to the largest untapped market in the world.”
“The World Bank calculates the 2019 Per Capita Gross National Income (GNI) in East Asia at $11,725; China at $10,410; but only $8,775 in Latin America and the Caribbean, making labor in Asia more expensive than our neighbors south of the border.”
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Excerpt from article by Melvin Torres, director of Western Hemisphere Trade for the World Trade Center Arkansas .