China hosts Latin American nations amid U.S. trade war talks

AWANI

China will host the China-CELAC Forum Ministerial Meeting in Beijing on Tuesday, aiming to strengthen regional partnerships with key Latin American trade partners amid easing U.S. tensions.

Transcript

00:00China will host the China Select Forum ministerial meeting in Beijing on Tuesday

00:04with key Latin American trade partners, including the presidents of Brazil, Colombia and Chile.

00:11The summit is part of Beijing's effort to advance influence and partnerships in the region,

00:16amid easing tensions with the US.

00:20Chinese President Xi Jinping is set to deliver his first speech at the summit

00:24since the forum's launch 10 years ago.

00:27The China Select Forum is a platform for cooperation between China and Latin American and Caribbean nations

00:34in order to advance dialogue on trade, investment and infrastructure under the Belt and Road Initiative, known as BRI.

00:42The summit also challenges long-standing US dominance in the region,

00:47despite efforts by the Trump administration to counter Beijing's influence.

00:51Select, or known as the Community of Latin American and Caribbean States,

00:55is an intergovernmental body that brings together all 33 countries in the region

01:01to promote political dialogue and regional cooperation.

01:05According to Chinese data, bilateral trade with select countries reached US$427 billion

01:11between January and September 2024.

01:15After last month's trade tensions with both China and the US imposing tariffs over 100%,

01:22Beijing has approached Southeast Asia and Central Asia to resist unilateral bullying

01:27and support multilateralism.

01:30China has also made progress with the European Union,

01:33agreeing to negotiate minimum prices on Chinese-made electric vehicles.

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