3 06 China , theEUandLatinAmerica:CurrentIssuesandFutureCooperation cooperation.AccordingtotheChinese MinistryofCommerce , byJune2008 , ChinasaccumulatednonfinancialsectorinvestmentinArgentinaamountedto USD172 million.Chineseinvestmentin Argentinafocuseson manufacturing , navigation , resource exploitation , imports and exports.Chinese companies startedtoundertakeprojectsin1985.ByOctober2008 , Chinesecompanieshad landedprojectandlabourservicescontractsinArgentinaworthUSD530million andachievedaturnoverofUSD594million.ByOctober2008 , therewere386 ArgentineinvestedcompaniesinChina , withatotalcontractedinvestmentof USD481millionandatotalrealisedinvestmentofUSD158million ( Chinese MinistryofCommerce2010 ) . 犛犻狀狅犝狉狌犵狌犪狔犪狀犆狅狅狆犲狉犪狋犻狅狀 EconomiccooperationbetweenChinaandUruguayhasbeenwideranging. TherehasbeenfriendlycooperationbetweenChinaandUruguayinagriculture , includingsmallscalecooperationinricegrowingandviniculture , andinpickup truckassembly. In2004 , HuaweiofChinasignedaletterofintentoncooperation with UruguaysstateownedtelecommunicationscompanyAdministraciónNacionalde Telecomunicaciones ( ANTEL ) tobuildanexperimental3G mobilecommunica tionnetwork ( WidebandCodeDivisionMultipleAccess , WCDMA ) inUruguay. InJuly2005 , thenetworkwasofficiallyputintooperation.Itsupportssuch valueaddingmobilephoneservicesasvideoconferencing , webTVandInternet access , coveringmostofUruguayscapital , Montevideo.Itisthefirst3Gmobile phonenetworkinLatinAmerica. In2007 , CherySocmaS.A , setupaplantinUruguaytoproducemotor vehicles.Itisthefirstoverseasjointventurefor Chery , anditslargest investment.In May2008 , thecommissioning oftheproductionline was complete , andthefirstbatchofCheryTiggosrolledofftheline.Carsmadeby thisplantaresoldmainlyinArgentinaandUruguay. InJanuary2008 , UruguaysMinistryofInternalAffairssignedapublicsecurity projectcontractwithZhongXingTelecommunication EquipmentCompanyLimited ( ZTE ) ofChina.Thiscontractcoversninesystems , includingemergencyresponse , datatransferandVoiceoverInternetProtocol ( VoIP ) videomonitoring.Oncethe projectiscompleted , theinfrastructureofthe MinistryofInternalAffairs willbe greatlyenhanced , makingintegratedcommandandrapidresponsepossible , providing effectivetechnicalbackupforemergencies.ZTEisresponsibleforequipmentsupply , installation , trainingandaftersalesservice. TheChinesegovernmentalsohelpsUruguaytotrainmanagersandtechnology
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China, the EU and Latin America : current issues and future cooperation
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