On October 24th, the Port of Rotterdam’s CEO, Allard Castelein, and the Governor of Ceara, Camilo Santana, signed an investment agreement in regards to the former’s involvement in the development of the Brazilian state’s Port of Pecem. Terms of Agreement The terms agreed upon were that the Port Authority would inject a sum of EUR 75 million into Pecem’s port-industrial complex thereby getting a 30 percent share in the venture. Moreover, the Port of Rotterdam Authority will have a voice in investment as well as other strategic decisions in … [Read more...] about Port of Rotterdam enters agreement for participation in build of Port of Pecém
China’s foreign ministry announced that they would be open to talks about trade, one day after Beijing announced that business and trade deals would be scrapped if the United States decided to enforce tariffs on China. The United States and China have been going back and forth on the subject of tariffs, which could amount to more than $150 billion for each country if the tariffs go into effect. Past negotiations Secretary of Commerce for the United States, Wilbur Ross, met in Beijing on Sunday. He failed to make a public statement … [Read more...] about China Affirms Willingness to Talk Trade with U.S.