COA's Eric Farnsworth discussed the historic infrastructure project. ... Play Video
On December 22, Chinese developers and Nicaraguan authorities broke ground on a $50 billion inter-ocean canal that would bisect the country and offer an alternative to the Panama Canal. In an interview with CCTV, COA Vice President Eric Farnsworth discussed the project's aspirations and commented on questions of its feasibility. "There is a lot of skepticism because a lot of the questions that have been asked about a project of this magnitude simply haven’t been answered," Farnsworth said, "But at the same time it does seem, at least initially, to be a serious effort." Farnsworth also spoke about some of the political and economic reasons that the Nicaraguan government might be pursuing the project.
COA's Eric Farnsworth points out the key takeaways of Chinese President Jinping's trip to the region. ... Play Video
As China's President Xi Jinping continues his tour in Latin America, COA'S Eric Farnsworth identified the most important parts of his visit on CCTV. "China is such an important trade partner for many countries in the Western Hemisphere," he said. "That relationship has been commodities-based, and there are some tensions in the region because they are trying to build more of a value-added relationship." For example, there are plans to build a rail system from Brazil to the west coast of South America. "The reason for that is vary obvious, to get Brazilian commodities to the west coast and from there to China makes it a lot easier," explained Farnsworth.