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New infrastructure and new energy "light up" new opportunities for China Latin America cooperation

日期: 2021-11-17
浏览次数: 1

Maintaining the status of Latin America's second largest trading partner, the bilateral trade volume has exceeded US $300 billion for three consecutive years... China's economic and trade cooperation with Latin America and the Caribbean continues to show strong vitality, and new infrastructure and new energy are continuing to expand this new road of cooperation across the Pacific.


On the 16th, the 14th China Latin America Entrepreneur Summit with the theme of 'opening up, innovation and hand in hand' was held in Chongqing. The participants generally said novel coronavirus pneumonia had some effects, but the bilateral cooperation in trade, investment and agriculture in recent years was still fruitful. The one belt, one road, and the joint efforts to promote the development of Sino Latin American economic and trade cooperation and the establishment of the Sino Latin American community of destiny are also the strongest wishes of the delegates.


According to the statistics of CCPIT, at present, China continues to maintain its position as the second largest trading partner in Latin America, and the bilateral trade volume has exceeded US $300 billion for three consecutive years. From January to September this year, the trade volume between China and Latin America reached US $331.88 billion, a significant year-on-year increase of 45.5%. Latin America is also the second largest destination for China's foreign investment, with more than 2700 Chinese enterprises in Latin America. In 2020, the import and export volume of Chongqing and Latin American countries alone reached 35.7 billion yuan, a year-on-year increase of 35.1%.


Omar angel, governor of Santa Fe province of Argentina, said that Santa Fe province contributed 20% of Argentina's total exports to China. From 2019 to 2020, China has always been the largest export destination of the province. Although in 2020, affected by the epidemic, the export decreased compared with the previous year, the export recovery this year is very obvious, and the export volume has increased by 25% compared with the same period in 2020.


While traditional trade and investment exchanges continue to be hot, China and Latin America continue to try to cooperate in more fields, and infrastructure construction has become the first choice. From key transportation infrastructure such as roads, railways and airports to 5g communication network, new infrastructure is constantly 'lighting up' new opportunities for China Latin America cooperation.


According to the data from China Academic Network in Latin America and the Caribbean, from 2005 to 2020, China has put into use or under construction 138 infrastructure projects in Latin America and the Caribbean, with a total project capital of more than 94 billion US dollars, creating more than 600000 local jobs. Argentina's Belgrano freight railway, Colombia's capital Bogota subway, Brazil's Bahia cloud rail and other transportation projects have been implemented one after another, promoting the development of connectivity in Latin American countries.


'Over the years, CCCC has actively expanded the market in Latin America, implemented a large number of landmark key projects in Latin American and Caribbean countries, such as Jamaica North-South Expressway and Mexico railway, and has become an important participant and witness in promoting China Latin America cooperation and friendship.' Wen Gang, deputy general manager of China Communications Construction Co., Ltd., said that in the future, CCCC is willing to invest in roads, railways We will continue to strengthen cooperation in key transportation infrastructure areas such as airports and promote higher quality infrastructure development between China and Latin America.


With the implementation of one belt, one road initiative, energy has gradually become another breakthrough in bilateral economic and trade exchanges. At the current China Latin America Entrepreneur Summit, Chinese and Latin American enterprises reached a number of investment agreements in the field of new energy. For example, tibet everest Industry Co., Ltd. signed an investment agreement of about US $1.7 billion with the government of Salta Province, Argentina, which made it clear that a battery grade lithium carbonate project with an annual output of more than 100000 tons will be built in the province in the future.


Zhang Jieyuan, vice chairman of tibet everest company, said that at present, there is no lithium salt production project in Salta province. This time, an investment agreement was signed with Salta province to further clarify the company's overall plan and specific phased objectives for the development of local lithium salt lake.

Luis Eduardo, global vice president of vale, Brazil, said: 'the clean energy and infrastructure projects invested and assisted by China have improved the living conditions of the people of Latin American countries. These remarkable achievements have made me realize that China Latin America relations have entered a new era of equality and mutual benefit, innovation and opening up and benefiting the people.'


In order to further promote the multi field cooperation between China and Latin American countries, the China Latin American Entrepreneur Summit also issued the Chongqing initiative of China Latin American and Caribbean business circles, which includes the joint response of Chinese and Latin American business circles to the challenges of the epidemic, the firm adherence to the concept of openness, the continuous promotion of facility connectivity, the effective promotion of capital financing The consensus reached on vigorously carrying out innovation cooperation and comprehensively supporting small and medium-sized enterprises.


'China and Latin America have strong economic complementarity, mutually consistent development strategies and great potential for cooperation. I believe that with the joint efforts of China and Latin America's industrial and business circles, mutually beneficial and win-win economic and trade cooperation will continue to inject new impetus and make greater contributions to China and Latin America in jointly building a higher level of cooperative partnership and jointly building a community with a shared future for mankind.' Zhang Shaogang, vice president of the China Council for the promotion of international trade, said.

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