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China-CELAC Summit Concludes with Approval of Five-Year Cooperation Plan

This Friday, the first China – Community of Latin American and Caribbean States (CELAC) Summit concluded with the approval of a five-year cooperation plan, the rules of procedures of this organism, and with an agreement to meet in Chile in 2018.

China and the other 33 members of the Community of Latin American and Caribbean States (CELAC) also signed, after two days of meetings, the Beijing Declaration, a summary of the political consensus of the two parties.

Diplomats stated that this meeting is crucial to the complementation of the two parties, which, despite being geographically distant and having different cultures, share the experience of  being developing countries, reports the newspaper Prensa Latina.

The participating countries of the summit confirmed their mutual commitment to make their exchanges and programs based on equality, respect and mutual benefit.

Official spokespersons said the Beijing Declaration lays the foundation for the direction and rules of procedures of the cooperation, while the Plan defines priorities and measures.

This plan, based on three engines (trade, investment and cooperation) and six areas of collaboration, was discussed by President Xi Jinping and leaders of the CELAC during the meeting of the organization in June in Brazil, with the title of 1 + 3 + 6.

The summit took place in the Great Hall of the People in Beijing and was inaugurated by Chinese President Xi Jinping, accompanied by the President of Costa Rica - Luis Guillermo Solís- current "pro tempore" Chairman of the Community of Latin American and Caribbean States (CELAC).
Also in attendance were the President of Ecuador, Rafael Correa, who will replace Costa Rica in late January as Chairman of the CELAC, Nicolás Maduro, President of Venezuela, where this organism was established in 2011, and the Prime Minister of the Bahamas, Pierre Christie, who represents CARICOM in the Quartet.

The summit, meanwhile, was conducted by the Ministers of Foreign Affairs of China, Wang Yi, and Costa Rica, Manuel Gonzalez, who decided that its next meeting will take place in Chile in 2018.
In its closing day were set the operating regulations of the new bilateral agency, was agreed another meeting in 2018, in Chile, and was signed the Beijing Declaration, which includes the political consensus.

Politics, trade, investment, finances, infrastructures, energy, resources, industry, agriculture, security and science, are some of the areas included in the cooperation program between China, Latin America and the Caribbean, between 2015 and 2019.

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