Global Outlook

 China and the China-Community of Latin American and Caribbean States (CELAC) members updated their roadmap in the forum Joint Action Plan (2022-2024) for cooperation in various areas. China’s engagement with countries in Latin America and the Caribbean grew significantly in the past decade. The Chinese government describes its cooperation with the region as strong. The Chinese government is focused on numerous areas such as agriculture, energy, trade, and investment for improvement. The new plan The new plan reinforces China’s intentions to expand its engagement with Latin America and the Caribbean across a broad range of sectors. Reportedly, China sees CELAC as a strategic vehicle for multilateral engagement. China also sees CELAC as a mechanism for political coordination for regional integration. Reportedly, China pledged to “support the parallel advancement and mutual promotion” of the Forum on Latin America and East Asia Cooperation. Competition between China and Taiwan in t...