Negotiations between El Salvador and China to establish a free trade agreement that benefits both nations are progressing positively.

The president of the Central American nation, Nayib Bukele, had already announced in 2022 that the country would begin talks with China for an FTA.

After his re-election for a new term, until 2029, Bukele has highlighted the help that the nation has received from the Asian country in recent years through “million-dollar non-refundable cooperation from the Asian giant, mostly in infrastructure projects,” such as the library built in the capital.

The FTA is one of El Salvador’s priorities currently. Relations with China were established in August 2018.

The Salvadoran vice president, Félix Ulloa, declared last week his desire to “find an ally in his economic growth projects, through tourism, renewable energy and technology.”

For her part, the Minister of Economy of El Salvador, María Luisa Hayem, indicated last week: “I am pleased to recognize that this is one of the most ambitious and complete negotiations that El Salvador has undertaken in recent years,” said the Minister of Economy of El Salvador, María Luisa Hayem.”

The FTA between both nations, one called the Asian giant, and the other the “Little Thumb of the Americas”, seeks to reduce costs in areas such as vehicle imports, in addition to reducing dependence on this market on the United States.

Likewise, a China-El Salvador trade pact will open a route for Salvadoran products to the Asian country, “especially items such as coffee, sugar and aluminum waste, which local businesses and producers have considered very positive.”

M.Pino

Source: vozdeamerica

(Reference image source: Ian Taylor in Unsplash)

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In a meeting held this Saturday in the city of Kingston, China and Jamaica highlighted the positive results of bilateral cooperation, which has allowed progress in different projects in areas such as education, trade, technology, science, economy and agriculture, among others.

The meeting was attended by “the Minister of Foreign Affairs of China, Wang Yi, and the Minister of Foreign Affairs and Foreign Trade of Jamaica, Kamina Johnson Smith.”

During the important meeting, both officials “highlighted the fruitful results of bilateral cooperation.” China’s assistance projects to the Caribbean country have been based on respect and mutual trust, in addition to being focused on the greatest benefit for citizens.

Kamina Johnson Smith stressed that “Jamaica values ​​China’s experience in governance and has been strengthening economic development planning and striving to eliminate poverty,” adding that her country “hopes to expand bilateral cooperation in infrastructure, economy and trade, agriculture, education, science and technology, while developing a strong strategic partnership with China.”

For his part, Wang declared that despite the geographical separation between both nations, they are united by a deep tradition of cooperation and friendly exchanges, since the first immigrants from China arrived in Jamaica 170 years ago.

Bilateral cooperation has yielded fruitful results, “bringing tangible benefits to both peoples,” said Wang, who highlighted his country’s willingness to continue supporting Jamaica “in accelerating development and national revitalization, to write a new chapter.” of the friendship between China and Jamaica and achieve new achievements in mutually beneficial bilateral cooperation.”

M.Pino

Source: Spanish.news.cn

(Reference image source: Caidrro, Unsplash)

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