First Forum of China and the Community of Latin American and Caribbean States (CELAC)
This document is a contribution by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) to the First Forum of China and Community of Latin American and Caribbean States (CELAC),(Beijing, 8 and 9 January 2015). The document consists of three parts. The first part summari izes the main components of the international economic scenario for Latin America and the Caribbean.
The second part provides a brief overview of trade and investment relations between the region and China. And the third part sets out conclusions and recommendations for improving the quality of economic ties between the two trading partners.
Over the past few decades, China (along with the other emerging economies of Asia) has become a key for understanding the process of and prospects for globalization. On the strength of its robust performance in terms of economic growth, international trade, foreign direct investment and technological innovation, and its role as a source of international financing, China is rapidly rearranging the global economic map.
It is strengthening the links between developing economies and contributing to an unprecedented cycle of growth, trade, investment, poverty reduction and progress in the internationalization of emerging economies. Thanks to this, the income gap between these economies and the industrialized countries is narrowing.
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