Cooperation with China was a key topic for discussion at the 3rd Summit of the Community of Latin American and Caribbean States (CELAC) that concluded Thursday in Belen, Costa Rica.
Both the Political Declaration of Belen and the 2015 Plan of Action, the two most important documents approved at the gathering by 33 member states, lauded the first China-CELAC forum ministerial meeting held in Beijing on Jan. 8-9, and reiterated that agreements and initiatives of the Beijing meeting should be facilitated as soon as possible.
China and CELAC approved on Jan. 9 three major documents, including the Beijing Declaration, the 2015-2019 five-year plan and regulations for the forum.
The five-year plan defined key areas and specific measures for the overall cooperation from 2015 to 2019 between China and Latin America, covering political security, trade, investment, finance, infrastructure, energy, resources, industry, agriculture, science and people-to-people exchanges.
According to the plan, both sides will strive to achieve a trade volume of 500 billion U.S. dollars and investment of at least 250 billion U.S. dollars within a decade.