China invites Latin America to take part in One Belt, One Road
SANTIAGO: China invited Latin American and Caribbean countries to join its ‘One Belt, One Road’ initiative on Monday, as part of an agreement to deepen economic and political cooperation in a region where US influence is historically strong.
Chinese Foreign Minister Wang Yi said the region was a natural fit for the initiative, which China has leveraged to deepen economic and financial cooperation with developing nations.
“China will always stay committed to the path of peaceful development and the win-win strategy of opening up and stands ready to share development dividends with all countries,” Wang said at a meeting between China and 33 members of the Community of Latin American and Caribbean States (CELAC).
Representatives from China and CELAC signed a broad agreement to expand ties in the second time China has met with CELAC – a bloc formed in Venezuela in 2011 that does not include the United States or Canada.
Though it had few specific details, the agreement is part of an evolving and more aggressive Chinese foreign policy in Latin America as the United States, under President Donald Trump, has taken a more protectionist stance.
The “One Belt, One Road” initia- tive, proposed in 2013 by Chinese President Xi Jinping, promotes expanding links between Asia, Africa and Europe, with billions of dollars in infrastructure investment.
Wang emphasized projects to improve connectivity between land and sea, and cited the need to jointly build “logistic, electricity and information pathways.”
The so-called Santiago declaration, signed by China and CELAC delegates, also calls for bolstering trade and taking action on climate change.
Chile Foreign Minister Heraldo Munoz, who has criticised Trump in the past, said the agreement marked an “historic” new era of dialogue between the region and China. — Reuters