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3w ago

China-CELAC Summit Opens with Xi Jinping Leading Trade and Investment Push

Leaders from Latin America and the Caribbean convene in Beijing to deepen ties, oppose U.S. tariffs, and finalize key trade and infrastructure deals.

A ship sails near the Balboa Port, Panama City, Panama, March 4, 2025. REUTERS/Enea Lebrun/File Photo
China's President Xi Jinping and Brazil's President Luiz Inacio Lula da Silva meet in Brasilia, Brazil November 20, 2024. REUTERS/Adriano Machado/File photo
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Overview

  • President Xi Jinping officially opened the China-CELAC Forum in Beijing, emphasizing long-term cooperation with Latin America and the Caribbean.
  • Brazil's President Lula is leading efforts to expand agricultural exports, including sorghum, pork, and chicken, to capitalize on U.S.-China trade tensions.
  • China and CELAC leaders pledged to oppose unilateral tariffs and economic coercion, strengthening their stance against U.S. trade policies.
  • New agreements are being signed to boost Chinese investment in Latin American infrastructure, including Brazilian railways connecting farms and ports.
  • China remains the top trading partner for Brazil, Peru, and Chile, with bilateral trade with CELAC exceeding $427 billion in 2024.