China and Latin American countries have signed an agreement to enhance economic cooperation, including for trade and investment, as the Asian powerhouse increases its presence in the region.
The deal, titled the “joint action plan for cooperation in key areas”, was signed last month by intergovernmental body the Community of Latin American and Caribbean States (Celac) and Beijing. While light on specific details, it sets out a wide-ranging agreement to collaborate politically, economically and socially through trade, investment, innovation, energy, communications and development.
For trade, it plans to “strengthen exchanges between trade and investment promotion agencies and commercial associations and promote pragmatic cooperation between enterprises” as well as facilitate investments and optimise the trade environment.
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