China’s Ministry of Commerce considers that trade volume with Latin America has fully recovered.

The volume of trade between China and Latin America “has fully recovered and already exceeds pre-Covid-19 pandemic levels”, China’s Ministry of Commerce declared this Thursday.

“The Chinese and Latin American economies are highly complementary, and there is enormous potential for cooperation between them”, said Commerce Ministry spokesperson Shu Jueting, quoted today in local media.

Trade relations between the two players have “overcome the adverse impact of the pandemic, showing strong resilience and development momentum”, Shu noted.

The spokesperson pointed out that 21 countries in the region have signed some form of collaboration with the New Silk Roads, also known as the Belt and Road, the Chinese plan that seeks to build highways, railways, ports, logistics platforms and other infrastructure in more than 60 countries.

Shu also referred specifically to trade relations between China and Cuba, whose president will pay an official visit to the Asian country beginning this Thursday and running through Saturday.

Bilateral trade volume between China and Cuba “increased by 7.2% in 2021”, the Ministry said, adding that “trade exchanges continued to grow in the first three quarters of this year, with China’s imports from Cuba even posting an 18.1% increase”.