The Risks of Chinese Engagement in the Americas
By Evan Ellis
Friday, 15 April 2022 10:32 AM
Current | Bio | Archive
In the past two decades, People's Republic of China-based companies have invested $160 billion in Latin America. 21 of our neighbors there have pledged themselves to China’s “Belt-and-road Initiative.”
The PRC is attempting to “rewire” the region to its own economic benefit, securing access to commodities and markets, capturing the value added for itself, focusing on “connectivity.”
In the port sector, PRC-based companies are involved in 40 major projects.
...
READ MORE: https://www.newsmax.com/evanellis/latin-america-belt-and-road-initiative-prc/2022/04/15/id/1065883/
___________
...
In telecommunications, Huawei has grown its Latin American presence for two decades, and is now poised to dominate its 5G networks.
...
...
What can U.S. legislators and policymakers do? The following five steps should guide our engagement:
1. Help our partners engage the PRC with transparency, on a level playing field, through strong institutions.
2. Exclude Chinese vendors from sensitive digital domains, yet provide viable alternatives to the PRC.
3. Support better government databases on the performance of the PRC and its companies.
4. Re-think rules that constrain the agility of agencies like DFC to provide alternatives.
5. Fully leverage the June 2022 Summit of the Americas to advance a bold and resource-backed approach to partnership with the region.
____________