In an infamous and vulgar U.N. speech delivered in September 2006, Venezuela’s populist authoritarian President Hugo Chavez likened President George W. Bush to “the devil.” On December 20, Chavez lashed out at President Barack Obama after the U.S. President opined on the worsening situation in Venezuela. “Mr. Obama decided to …
Venezuela’s Hugo Chavez will host what is billed as the founding conference of the Community of Latin American and Caribbean States (CELAC) December 2–3 on the grounds of Venezuela’s largest military base. The ailing Chavez, whose very public battle with an undisclosed form of cancer has given rise to a …
Free trade agreements (FTAs) have economically benefited nations the world over since their inception. Poverty rates in countries with low trade barriers are significantly lower, and data in The Heritage Foundation’s Index of Economic Freedom demonstrate that free trade also leads to higher incomes, more jobs, and greater equality. That’s …
Is open trade and investment good for China but bad for the U.S.? The Heritage Foundation’s China Global Investment Tracker has just been updated. Through June 30, it shows over $60 billion in Chinese investment in Latin America. This worries some people. They think that China is gaining economic benefits …
On the way to a defense ministerial in Bolivia, Secretary of Defense Robert Gates was asked about Iran’s growing presence in South America, particularly in Bolivia and Venezuela. He answered most cautiously: Bolivia, obviously, can have relationships with any country in the world that it wishes to. … But I …
In a retaliatory response to the U.S. government’s unwillingness to eliminate domestic cotton subsidies, Brazil has announced higher tariffs on over 100 American goods ranging from cars to ketchup. Trade issues are central to the bilateral relationship between Brazil and the United States. Brazil is an attractive export destination for U.S. …
This past Sunday marked an important anniversary for the American economy. On November 22, 2006, the United States and Colombia signed the U.S.-Colombia Trade Promotion Agreement. This agreement would immediately eliminate tariffs on U.S. exports to this important trading partner – creating billions in revenue for U.S. businesses and new …
