China's influence in Latin America continues to rise as China and Brazil announced on Wednesday the elevation of their bilateral relations. The two nations signed over 30 cooperation agreements covering agriculture, trade, technology, environmental protection, and more, underlining their commitment to a shared future for a more just and sustainable world.
Chinese President Xi Jinping highlighted during his state visit to Brazil that the China-Brazil relationship is at its strongest in history. This partnership has not only enhanced the well-being of both countries' populations but also defended the common interests of developing nations, amplified the voice of the Global South, and significantly contributed to world peace and stability.
China has been Brazil's largest trading partner for 15 consecutive years and a major source of foreign investment. Official statistics reveal that China's annual imports from Brazil have remained above $100 billion over the past three years, showcasing the depth of their economic ties.
Despite the geographical distance of approximately 18,800 kilometers, China and Brazil share consistent positions on development, security, and global governance. Their collaboration within multilateral frameworks such as the UN, G20, and BRICS plays a crucial role in building a more equitable and sustainable international system.
The recent elevation of ties underscores China's growing importance in Latin America. A report by the United Nations Economic Commission for Latin America and the Caribbean highlights China not only as a key trade partner but also as the fastest-growing export market for the region. To date, 22 Latin American countries have signed Belt and Road Initiative (BRI) cooperation agreements with China. Significant projects like Brazil's Belo Monte Hydropower Plant ultra-high-voltage transmission line, Argentina's Belgrano Cargas railway, and Jamaica's North-South Highway have delivered tangible benefits, reinforcing China's role in the region's development.
This strengthened cooperation between China and Brazil exemplifies China's pivotal role in fostering economic growth and sustainability across Latin America.
Reference(s):
cgtn.com
