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China releases policy paper on Latin America, Caribbean

China

China

China

China releases policy paper on Latin America, Caribbean

2025-12-11 00:51 Last Updated At:15:47

China's Policy Paper on Latin America and the Caribbean (LAC), the third of its kind in less than two decades, was published on Wednesday.

The Chinese government released the first such document in Nov 2008 and the second in Nov 2016.

The latest policy paper said China stands ready to join hands with Latin America and the Caribbean to promote solidarity, development, civilization, peace and people-to-people connectivity to advance shared development and revitalization, and write a new chapter in building a China-LAC community with a shared future.

The policy paper consists of three parts; "Latin America and the Caribbean: A Land Full of Vibrancy and Hope," "The Flourishing Relations Between China and Latin America and the Caribbean" and "Joining Hands to Promote the Five Programs for Building a China-LAC Community with a Shared Future."

Cai Wei, China's assistant minister of foreign affairs, said at the launch ceremony that the latest policy paper reviews the strong growth of China-LAC relations and lays out China's policy proposals going forward for exchanges and cooperation in over 40 areas. It also responds actively to LAC countries' needs and concerns in terms of trade, investment, finance, sci-tech, innovation, climate change and more.

"China will continue to support Latin American countries firmly in upholding their independence, self-reliance and unity, as they explore a path to modernization suited to their national conditions. We will strengthen exchanges at all levels and continuously deepen exchanges and mutual learning on governance and modernization experiences. China is willing to share the opportunities of its own modernization journey with Latin American countries and help countries in the region enhance their capacity for independent and sustainable development," said Cai.

Cai also highlighted the mutually beneficial nature of bilateral relations, noting that these ties should not be interfered with by any third party.

"Facts have proven that the idea of a community with a shared future is a vivid reflection of the great growth of China-Latin America relations in recent years. It should be pointed out that China-Latin America relations are founded solely on mutual benefit and win-win cooperation, devoid of geopolitical calculations, not targeting any third party, and should not be interfered with by any third party," said Cai.

Representatives from the LAC noted that China is a sincere friend and reliable partner to the LAC countries.

The mutually beneficial cooperation between China and Latin America spans various fields, and China's development has provided valuable lessons for countries in the region, said Francisco Gutierrez, director of the Regional Coordination and Integration Mechanisms at the Colombian Ministry of Foreign Affairs.

"The relationship between China and CELAC (the Community of Latin American and Caribbean States) holds significant potential to continue contributing to shared objectives, always through a cooperative, respectful and constructive approach. The pro tempore presidency of CELAC reiterates that regional political dialogue must continue to be guided by multilateralism, cooperation for development, and the strengthening of an international order based on rules. In this spirit, CELAC values China's readiness to maintain a constructive relationship oriented toward mutual benefit, and fully respectful of the sovereign equality of states," Guttierez said.

"We emphasize that China's presence in Latin America and the Caribbean does not constitute a threat, but an opportunity to diversify partners, broaden horizons and cooperation, and strengthen the region's autonomy in making strategic decisions. Peace and stability are indispensable conditions for development and that spirit is present in China's actions. This great country does not seek to impose models or condition political decisions. On the contrary, it accompanies the countries of our region on their own paths of development, always respecting historical, cultural and social peculiarities, and with each action supports Latin America and the Caribbean in being a zone of peace. For this reason, Latin America and the Caribbean, together, in one voice, we say that we reject actions that attempt to disrespect the one-China principle or their general threats to international security," said Martin Charles, dean of diplomatic corps of LAC countries in China and ambassador of Dominica to China.

Charles also said the implementation of the policy paper will be critical in advancing a China-LAC community with a shared future, and will have direct impacts on cooperation in infrastructure construction, education, culture, agriculture and other areas.

China-LAC cooperation has emerged in recent years as an important model of South-South cooperation, with 24 countries in the region joining the Belt and Road Initiative.

China has become the region's second-largest trading partner, with the value of bilateral trade exceeding 500 billion U.S. dollars for the first time last year.

China releases policy paper on Latin America, Caribbean

China releases policy paper on Latin America, Caribbean

China releases policy paper on Latin America, Caribbean

China releases policy paper on Latin America, Caribbean

The European Commission's proposal to use frozen Russian assets as collateral to finance Ukraine "cannot deprive Russia of ownership of these assets", European Central Bank (ECB) President Christine Lagarde said on Wednesday.

Lagarde stated that this proposal is the closest one so far to complying with international law. She added that to address investor concerns, the European Union (EU) needs to explain that it is not "trying to seize Russian sovereign assets for its own benefit".

Lagarde has long expressed concerns about using frozen Russian assets. She said the ECB is keen to ensure that any outcome respects international law, otherwise the global reputation of the euro could be damaged.

In response, Russian Foreign Minister Sergey Lavrov said on Wednesday local time that Russia has no plans or intention to go to war with Europe, but Russia will respond to any deployment of European military forces in Ukraine as well as to attempts to seize Russian assets in Europe.

Following the outbreak of the Russia-Ukraine conflict in February 2022, Western countries froze approximately 300 billion U.S. dollars in Russian overseas assets. Among these, the EU froze about 200 billion euros (about 232 billion U.S. dollars) worth of assets belonging to the Russian central bank.

Approximately 90 percent of the frozen Russian assets within the EU are held by Euroclear Bank, based in Brussels, Belgium. Russia has repeatedly emphasized that, under international law, any seizure of its assets by Western governments constitutes "theft".

In September, European Commission President Ursula von der Leyen proposed establishing a "reparation loan" mechanism, intending to use frozen Russian assets as collateral to provide Ukraine with a total loan of about 140 billion euros (163 billion U.S. dollars).

However, Belgium and the ECB believe this plan carries significant risks in terms of international law and the financial stability of the eurozone.

ECB chief urges caution in using frozen Russian assets for Ukraine

ECB chief urges caution in using frozen Russian assets for Ukraine

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