China-CELAC Forum a ‘New Beginning,’ Says Xi
BRICS, 12 Jan 2015
TeleSur – TRANSCEND Media Service
China’s President Xi Jinping speaks at the opening ceremony of the 1st Ministerial Meeting of China-CELAC Forum at the Great Hall of the People in Beijing. | Photo: Reuters
Representatives of more than 30 countries are meeting in Beijing to discuss South-South cooperation.
Chinese President Xi Jinping opened a historic meeting between his nation and the countries of the Community of Latin American and Caribbean States (CELAC) Thursday [8 Jan 2015].
“During the meeting, China and the CELAC member states will have an in-depth discussion on collective cooperation,” Xi said in his opening address to the forum.
The two-day meeting is the first of its kind between CELAC and Beijing. The Chinese leader said the talks mark a “new beginning and new opportunity” for both Beijing and CELAC.
“China is willing to work with the Latin American and Caribbean states with a long-term and strategic perspective, to build the new platform of collective cooperation between the two sides. Let’s take the meeting as a new starting point, seize the new opportunity of collective cooperation, and work for a new phase of the China-CELAC comprehensive partnership of cooperation and promote new development of bilateral ties based on a higher level,” he said.
The summit is expected to lead to close to US$50 billion in new investment between China and CELAC nations, in areas ranging from energy to scientific research.
Representatives will also agree on a four-year plan to deepen trade and other political and economic ties. CELAC, which unites all 33 countries of Latin America and the Caribbean, launched in Venezuela in 2011 when representatives of each country signed the Declaration of Caracas.
The declaration seeks to consolidate regional integration and reduce the influence of the United States in the Americas.
Read more in-depth coverage of the China-CELAC Forum:
How China-Latin America Cooperation is Shifting the Old World Order
Ecuador to Benefit from Chinese Investment
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