TJP
THE JETHRO PROJECT
O R G A N I Z I N G F O R E F F I C I E N T O U T P U T
- China's First Presidential Visit to Central America
- By Byron A. Ellis
Costa Rica, November 16, 2008-According to Costa Rica’s La Nación, for the first time in the history of Central America it will host a Chinese president. China’s president, Hu Jintao, will arrive in Costa Rica this afternoon at 3:00 PM Costa Rica’s time.
Hu’s visit is possible due to the new relationship recently established between the two countries.
China’s incursion in Latin America is another strategic move to gain a commercial foothold for supplying finished goods and acquiring raw materials.
One of the things you notice when visiting Latin America is the dearth of American made automobiles.
In inquiring why Latin Americans do not buy vehicles from their northern neighbor, the answer is always that American cars are too expensive and unreliable.
However, the United States should not to concede the markets in Latin America to Asia; the U.S. must compete for those markets.
China will establish a Confucius Institute in Costa Rica and has already donated a new National Stadium to Costa Rica.
Hu Jintao brings with him eleven accords to establish closer relationship with Costa Rica; which includes scientific and petroleum cooperation between the two countries.
It is important for the new Obama administration to seek markets for American products in Latin America. Additionally, the American auto industry must make inroads in Latin America's auto market. Detroit could establish manufacturing facilities in Central America to provide economic and reliable vehicles to the region.
[ Home | Comments | Search | Post ]
POST COMMENT
