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Creation of CELAC reflects region's growing influence in the trend toward multi-polarization of world governance

The official creation of the Community of Latin American and Caribbean States (CELAC) at the third Latin American and Caribbean Summit on Dec 2 is a landmark event for the region.

With a number of emerging economies and a growing influence in the global governance process, it is no longer a traditionally marginalized peripheral region and CELAC reflects the region's efforts to push for deeper Latin American integration and its growing influence as an important force in the trend toward multi-polarization of the international political and economic landscape.