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Vol. 6 Num. 1 - GCG: Revista de Globalización, Competitividad y ...

Vol. 6 Num. 1 - GCG: Revista de Globalización, Competitividad y ...

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Zhu Hongbo5. Conclusions135China and Latin America have had a long history of tra<strong>de</strong> relations since the Silk Road acrossthe Pacific Ocean was explored in the 16 th century. In the 21 st century, the tra<strong>de</strong> betweenthem grew quickly and China became the second tra<strong>de</strong> partner of Latin America. In 2008, thefinancial crisis slowed the tra<strong>de</strong> growth, but continued growth makes bilateral tra<strong>de</strong> more importantfor both si<strong>de</strong>s. Some challenges were faced, including the imbalance of tra<strong>de</strong>, tra<strong>de</strong>structure, and investment. Tra<strong>de</strong> is the cornerstone for <strong>de</strong>eper cooperation and great potentialis foreseeable in the future. Promoting high-tech and manufactured goods exports and abetter investment environment is necessary for both si<strong>de</strong>s in or<strong>de</strong>r to build better and closereconomic relations. A cooperation forum and Summit conference would be good platformsfor future <strong>de</strong>eper cooperation, although they need hard effort and more time.<strong>GCG</strong> GEORGETOWN UNIVERSITY - UNIVERSIA ENERO-ABRIL 2012 VOL. 6 NUM. 1 ISSN: 1988-7116pp: 115-135

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