Monday, 30 November 2020

China to Invest US$250 Billion in Latin America

Foreign ministers of Costa Rica and China during a press conference (AFP
Foreign ministers of Costa Rica (left) and China during a press conference (AFP)

LATIN AMERICAN NEWS – Chinese President Xi Jinping has informed that China intends to invest some US$250 billion dollars  in the next 10 years in Latin America and the Caribbean, and boost trade with the region to US$500 million during said period.

The information was disclosed within the framework of the meeting held between China and the Community of Latin American and Caribbean States (Celac).

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China and the 33 Celac Member States also signed in the two-day meeting the Beijing Declaration, which summarizes the political agreement reached by the parties.

Diplomatic officials have stressed the importance of the forum for the parties, which despite the distance and differences in culture have something in common, that is, their status of developing countries, Prensa Latina informed.

The States taking part in the forum reaffirmed their commitments to exchange and programs on the basis of equality, respect, and mutual benefit.

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