ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
International relations

Pompeo cautions Latin America on Chinese investment

US secretary says Beijing's overtures are often 'too good to be true'

U.S. Secretary of State Mike Pompeo completed a visit to Panama and Mexico on Friday.   © Reuters

NEW YORK -- U.S. Secretary of State Mike Pompeo wrapped up a visit to Panama and Mexico on Friday, taking the opportunity to warn countries in the region to exercise caution when accepting investments from China.

"We had the chance to talk to some local media and remind the entire region that when China comes calling, it's not always to the good of your citizens," he told reporters in Mexico City Thursday.

"When they show up with deals that seem to be too good to be true it's often the case that they, in fact, are," Pompeo said.

Asked about Chinese projects of concern to the U.S. in Panama, the secretary noted, broadly, that the U.S. welcomes legitimate investments from Chinese businesses. But he added, "It's when the state-owned enterprises show up in a way that is clearly not transparent, clearly not market-driven, and is designed not to benefit the people of Panama but rather to benefit the Chinese government."

Formal relations were established between China and Panama in June 2017, after the Central American country cut off its diplomatic ties with Taiwan.

The two countries have been in the process of negotiating a free-trade agreement since July of this year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media