Nation helps Latin American countries build high-quality infrastructure with green initiatives
Closer cooperation between China and Latin American countries will bring high-quality infrastructure with green initiatives, speakers said at a forum in Macau on Wednesday and Thursday.
At the 8th China-LAC Infrastructure Forum, Argentine Transport Minister Alexis Guerrera said via video link that China has provided support and assistance to Argentina at a time when the Latin American country is in dire need. urgent to promote production and export earnings.
China has provided Argentina with “funding, knowledge and technical support to help Argentinian products be transported more efficiently and people travel faster, more comfortably and safely”, he said. .
Vice Commerce Minister Wang Shouwen said infrastructure development is a key area and priority in China-LAC trade and economic cooperation.
In 2021, China-LAC trade exceeded $450 billion for the first time, up 41.1%. China’s direct investment in LAC countries increased by 57% last year.
Juan Fernando Lugris Rodriguez, Uruguay’s Ambassador to China, said that in the post-pandemic era, Uruguay will play a very important role in traditional and digital infrastructure.
Uruguay, a country rich in natural resources and with a young population, will play a greater role with its dynamic economy, he said. “We have many business opportunities to work with China, including investments in new infrastructure development.”
Anyin Choo, Guyana’s ambassador to China, said Chinese investment in her country has also increased in recent years, contributing to growth and ensuring job creation, socio-economic development and market opportunities, a- she declared.
“This means that Guyana now needs infrastructure development, which is driving its transformation needs,” Choo said.
Salvadoran Ambassador to China Aldonov Frankeko Alvarez told the forum that China is a global power and Latin America’s trade with it supports the region’s economic prosperity.
“We welcome a variety of new types of investments, such as mining, telecommunications, energy, green innovation and connectivity,” Ecuadorian Ambassador to China Carlos Larrea Davila said.
Ecuador has existing projects worth 38 billion dollars and the investments are very diverse, such as in the cooperation between government and companies. More than 100 Chinese companies have operations in Ecuador, and China is Ecuador’s main partner, he said.
Xin Xiuming, vice president of the China Association of International Contractors, said building green, environmentally friendly and sustainable infrastructure has become a hot topic in international infrastructure.
“The joint efforts of Chinese and Latin American enterprises in the fields of green infrastructure, green energy and green finance to strengthen cooperation in energy conservation and emission reduction will help both sides to achieve the goal of peak carbon and carbon neutrality,” Xin said.
And promoting cooperation between China and Latin America in digital transformation is also important in infrastructure cooperation, he said.