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OPINION

Summit of the Americas: Biden’s chance to challenge China

The United States will host the ninth Summit of the Americas this June in Los Angeles, bringing together leaders from North America, Central America, South America and the Caribbean. In this highest-level forum, leaders reaffirm shared values, promote regional cooperation, and address pressing issues in the Americas. For the Biden administration, the summit could be a platform to discuss priorities for the Americas and strengthen democratic resolve in a time of rising populism and China’s increasing influence.

AS/COA Insider: Steve Liston on the One-Year Anniversary of USMCA

One year after the US-Canada-Mexico Agreement—or USMCA—entered into force, AS/COA Senior Director Steve Liston reviews how the trade agreement is faring. Even amid a global pandemic and a change in U.S administration, Liston highlights that the implementation has been smooth, though several of the USMCA’s new measures have yet to face tests. Still, he remains optimistic about the agreement and its implications for the expansion of regional free trade. “There’s been a lot of talk about USMCA as a template for future U.S. agreements,” says Liston

The Global Tax Deal’s Missed Opportunity for Latin America

On July 1, the OECD Inclusive Framework announced that 130 countries had agreed to a global minimum tax of at least 15% and a new reallocation of taxing rights to market countries. The proposed deal is a missed opportunity to truly end tax avoidance by multinationals and generate meaningful revenues to support governments in their fight against the pandemic and the post-COVID recovery.

NEWS

Brazil, China conclude key negotiations on starting corn trade

Brazil and China have completed some key negotiations on starting Brazilian corn exports to China, according to a statement released May 23 by Brazil’s Ministry of Agriculture, Livestock and Supply.

Glencore Settles Corruption and Bribery Charges in U.S., U.K., Brazil

Glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the U.K. and to conspiracy to violate U.S. anticorruption laws, resolving criminal probes that have hung over the global mining and trading business for years

Argentina’s Embrace of China Should Be a Wake-Up Call

The ninth Summit of the Americas, which the United States is set to host in early June, is shaping up to be an unmitigated disaster. Faced with the threat of boycotts by key regional leaders, the White House is clearly having trouble navigating Latin America’s current political moment—which is marked by an increasingly anti-American turn that has paralleled China’s consistent investments in the region.