11 Jun The New Silk Road: A Gateway to Global Connectivity for Latin America

The New Silk Road, also known as the Belt and Road Initiative, is an ambitious global infrastructure project promoted by China, which aims to strengthen its trade and economic relations with Asia, Europe, Africa, and Latin America. Through this initiative, the Asian country seeks to improve global connectivity through major investments in transportation, energy, telecommunications, and technology, in order to facilitate international trade and promote joint development.
To date, 146 countries have joined this initiative, including 20 Latin American countries such as Argentina, Chile, Peru, Venezuela, and Uruguay. Although Colombia has not yet officially signed its adhesion, President Gustavo Petro has expressed his intention to do so, emphasizing that this relationship with China will be based on principles of equality, sovereignty, and independence. Experts clarify that this is not a free trade agreement, but rather a memorandum of understanding that does not imply binding commitments, but rather a declaration of willingness to cooperate and develop joint projects.
Among the potential benefits for Latin American countries are access to infrastructure financing, the possibility of improving their trade balance with China, and strengthening relations with one of the world’s leading economic powers. In the case of Colombia, for example, this could mean progress in sectors such as agriculture, streamlining processes for exporting products like pork and Tahitian lemons. Furthermore, this diversification of international relations could reduce trade dependence on other traditional markets such as the United States.
However, some analysts warn that it will be crucial to manage these relations with caution, ensuring transparency, balance in negotiations, and respect for national sovereignty. If managed correctly, joining the Silk Road could represent a historic opportunity to boost economic development, attract foreign direct investment, and improve infrastructure in the region.
What is the “New Silk Road” and how do Latin American countries benefit?
https://es-us.noticias.yahoo.com/ruta-seda-benefician-countries-latinoamérica-152326062.html