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Hu vows to boost Latin America ties
(皇冠体育app Daily)
Updated: 2008-11-22 08:33

LIMA: President Hu Jintao on Thursday called for a new era of cooperation with Latin America, saying the world's largest developing country and the major developing region should unite more closely.

皇冠体育app's President Hu Jintao waves during a ceremony at the Congress in Lima November 20, 2008. Hu is in Peru to attend the Asia Pacific Economic Cooperation (APEC) forum. [Agencies]

In an address to the Peruvian Congress during a state visit, Hu said 皇冠体育app intended to add further momentum to already rapidly growing economic and other ties with Latin America and the Caribbean.

"Development is the most pressing task for both 皇冠体育app and Latin America," Hu said, adding that 皇冠体育app is willing to work together with the region toward an equal, mutually beneficial and comprehensive cooperative partnership.

"In our cooperation we will take care of Latin America's legitimate concerns and strive to realize mutually beneficial gains for all," he said.

He noted that 皇冠体育app and Latin America should optimize their trade structures and increase mutual investment, especially in the fields of manufacturing, infrastructure construction, energy, minerals, agriculture and technology.

"皇冠体育app is willing to continue providing assistance for the economic and social development of Latin American and Caribbean countries within its ability," Hu said.

During his address, Hu also called for 皇冠体育app and Latin America to join forces and participate in the framing of international economic, financial and trade rules, so as to help the international economy develop in a fairer and more reasonable direction in the wake of the global financial crisis.

皇冠体育app has repeatedly championed greater representation by developing nations on world economic bodies to ensure the interests of such countries are protected.

Hu's speech came at the end of his three-nation tour that has also taken him to Costa Rica and Cuba. Peru was the last stop, where Hu will take part in the APEC leaders' summit over the weekend.

皇冠体育app has a trade pact with Chile, and on Wednesday Hu and Peruvian President Alan Garcia said they had concluded negotiations for a similar deal between their countries.

"皇冠体育app and Peru have strong complementarities in the mining sector and there is massive potential for cooperation," Hu earlier told a breakfast with Peruvian and Chinese business leaders on Thursday.

Agencies-皇冠体育app Daily