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China Commited to Expand Economic Links with Latin America and Caribbean

Featured China Commited to Expand Economic Links with Latin America and Caribbean
Santiago, Chile, Jan 22 (Prensa Latina) China has committed itself to expand trade, cooperation projects and investments in Latin America and the Caribbean with proposals in five pillars and the evident satisfaction with the talks held in this capital.
At the opening session of the 2nd Ministerial Forum of the Community of Latin American and Caribbean States (CELAC) with China, Chilean President Michelle Bachelet and Chinese Foreign Minister Wang Yi expressed satisfaction with the progress made by the two parties.

Bachelet noted that in May last year, she had the honor to attend the One Belt and One Road International Conference (OBOR), 'which paved a fresh and new way towards deepening relations between our region and China'.

'The four silk roads of the 21st century focus on the maritime, land, air and digital sectors; but we in Latin America also opened other spaces in the same direction like the bi-oceanic corridors under way,' Bachelet said.

For his part, the head of Chinese diplomacy referred to the five axes of cooperation between his country and CELAC and in general with the members of the region, after three years of successful experiences since the previous forum in 2015.

Wang Yi noted the increase in trade and investment by more than 200 billion dollars, and the agreement to implement programs under the OBOR in 80 Latin American and Caribbean countries.

He especially highlighted the free trade agreements with Chile in the lead, along with Peru and Costa Rica, and other several deals that resulted in the establishment of a Chinese entrepreneurial fund of more than 30 billion dollars.

'In order to make our dreams more viable, we must make up the maritime, land and air exchanges to create a transportation hub, as well as in the railroad sector, tunnels and bi-oceanic levels,' he explained.

Wang underlined that it is a huge market of more than two billion people and represents an exceptional opportunity for all, so China will host the first international meeting of exporters in November.

Other relevant sectors are competitive areas, electronics, computers and an industrial system; innovation, scientific and technological growth, the environment and support for the insular states in light of the climate threats, Wang explained.

The Chinese minister emphasized the requirements to boost exchanges to build an atmosphere of mutual trust in key sectors like culture and education.

Chilean Foreign Minister Heraldo Muñoz expressed satisfaction with the meeting, which was held for the first time in Latin America and the Caribbean, against protectionist trends and with huge potentials for both CELAC and China.

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  • Countries: Latin America

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