China Wins NAFTA Super-Highway Battle
by Jerome R. Corsi (More by this author)

Posted: 08/09/2006 Print This
Red China is investing heavily in developing deep-water ports in Mexico to bring an unprecedented volume of containers into the U.S. along the emerging NAFTA Super Highway. This move signals China’s emergence as the unexpected economic winner in the North American Union free market.

Hutchinson Ports, a wholly owned subsidiary of China’s giant Hutchinson Whampoa Limited (HWL) is investing millions to expand the deep water ports the company manages at Lazaro Cardenas and Manzanillo on Mexico’s Pacific coast. Now Hutchinson Ports is pledging millions more to develop Punta Colonet, today a desolate Mexican bay in Baja California. Mexico plans over the next seven years to dredge and convert Punta Colonet into a 10 to 20 berth deep-water port facility capable of processing some 6 million standard 20-foot-long TEUs (industry terminology for the “Twenty Foot Equivalent Unitâ€