Beijing, China — Trade between China and Latin American and Caribbean countries exceeded $500 billion for the first time in 2024, marking a significant milestone in their economic relations. This figure is more than 40 times greater than at the beginning of the 21st century.
Chinese President Xi Jinping shared this exciting development on Tuesday during his keynote speech at the opening ceremony of the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing. He highlighted the rapid growth in trade as a testament to the strengthening ties between China and the region.
"The achievement of surpassing $500 billion in trade showcases the deepening cooperation and mutual benefit between China and Latin American and Caribbean countries," President Xi stated.
The China-CELAC Forum serves as a crucial platform for dialogue and collaboration, focusing on areas such as trade, investment, and cultural exchange. The latest figures underscore the forum’s success in fostering closer relationships and economic prosperity for all parties involved.
Young entrepreneurs and businesses in both regions are encouraged to seize the opportunities arising from this growing partnership. With enhanced connectivity and shared interests, the future looks promising for continued collaboration and development.
