foreign investment

China’s increasing involvement in Africa has captured considerable attention from policymakers and academics. Formalized in a 2006 policy statement, “China’s Africa Policy,” Beijing’s interest in the region translates into Chinese government and government-affiliated institutions investing billions of dollars in large-scale construction projects across the continent.

The French Embassy celebrated Bastille Day in Seoul on Monday with a slew of French and South Korean businesses, while reflecting on its growing diplomatic and cultural relations with Korea.  Bastille Day, or “La Fete Nationale,” is France’s National Day and celebrates the storming of the Bastille fortress on July 14, 1789. 

China’s main goals in South America are economic, but it also hopes to win public and political support.  Thus, an economic push by China is also a soft power push, as Beijing uses its funding (both public and private) to win goodwill in developing countries.

The United States Agency for International Development (USAID) has said it will provide Peru with about US$60 million to support alternative development programs and reforestation works to fight against illicit coca cultivation and illegal logging.

As talks between Iran and six major powers on limiting its nuclear program enter the final stages of diplomacy this week in Vienna ahead of a July 20 deadline, global companies are fact-finding, meeting with potential Iranian partners and jockeying for position should an end to sanctions open the isolated economy.

President Obama said Monday that the U.S. would help construct a major solar power plant in Chile.  The power plant will help diversify Chile's energy sources while supporting Obama's national export agenda by facilitating roughly $97 million in U.S. exports, according to the White House.

Gov. Terry McAuliffe scored an economic coup and expanded Virginia’s already substantial business ties with China on Wednesday as he unveiled plans for a major manufacturing facility in the Richmond suburbs.