The First Ministerial Meeting of the Forum of China and the Community of Latin American and Caribbean States has drafted a five-year cooperation plan including the Beijing Declaration and the Regulations on China-CELAC forum. This is a symbol of further cooperation between China and the Community of Latin American and Caribbean States.

Some have expressed doubts about whether China can realize cooperation with the Community of Latin American and Caribbean States because there are so many challenges. What gives substance to the cooperation between China and the Community of Latin American and Caribbean States?

Both China and the Community of Latin American and Caribbean States believe that it is necessary to strengthen South-South cooperation in the current international environment.

The cooperation between China and the Community of Latin American and Caribbean States is based on mutual benefit and collaboration. This cooperation can be sustainable only when it gives consideration to the interests of all concerned parties. China, and the Community of Latin American and Caribbean States have huge markets and are complementary in product mix, industrial structure, and resources. They all face the same challenge of industrial upgrading. Past exchanges between China and the Community of Latin American and Caribbean States have also established a foundation for both sides to deepen cooperation. Both sides constantly work towards a deeper mutual political trust and have have obtained abundant results in trade and economy.

The Community of Latin American and Caribbean States has laid emphasis on cooperation with China. With the transformation of China’s economic development mode, Chinese government and enterprises have begun to focus their attention on Latin-America and the Caribbean with its abundant resources and huge markets.

China will work with the Community of Latin American and Caribbean States to achieve sustainable development.

This article was edited and translated from 《中拉整体合作的成功之源》, source: People's Daily, Author: Wu Baiyi