The upcoming second ministerial meeting under the framework of China and the Forum of Community of Latin American and Caribbean States (CELAC) will deepen cooperation and strengthen the complementary relationship between the two sides, a prominent political analyst has said.
Trade ties between China and Latin America have evolved notably, yet the potential for cooperation exists "not only in trade" but also "in Chinese investment in the region," said Patricio Giusto, a public policy expert and director of the consulting firm Diagnostico Politico (Political Diagnosis) in Buenos Aires.
Cooperation between the two sides has expanded beyond trade in recent years to seeing "great advances" in the realms of politics and culture, and to a lesser degree in tourism, reflecting better developed ties, he said.
Giusto cited cooperation between the Communist Party of China (CPC) and local parties, independent of ideology but with an eagerness for talks.
"There has been an open, comprehensive proposal in which the different parties have begun to establish dialogue with China," he noticed.
The number of Confucius Institutes in Latin America is on the rise as regional interest grows in learning more about the Chinese culture and language.
"It is very interesting to see how new Confucius centers are being inaugurated and the projects to open more," said Giusto.
"Tourism has enormous potential. In Argentina, we have only received 30,000 Chinese tourists when there are hundreds of thousands that travel throughout the world and we could be providing them with a more interesting offer," he said.
"There's also the matter of financial cooperation ... through RMB reserves for central banks in the region," he added.
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