3 82 China , theEUandLatinAmerica:CurrentIssuesandFutureCooperation Thematterisaddressedverybrieflyandgenerally , statingonlythat “ the Chinesesidewishestoexpandanddeepenmutuallybeneficialcooperationwith LatinAmericanandCaribbeancountriesinresourcesandenergywithinbilateral cooperationframeworks ”( ChineseGovernment2008 ) . Intheenergysector , ChinahasgrowinginterestsinLAC:alliances , loans andinvestmentsinminerals , carbon , gasandpetroleum , mainlywithBraziland Venezuela.Butenvironmentalissuesstillarenotonthebilateralagenda. Chinahasbeenconfirmedasaworldpowerwithintheframeworkofthe G20.Itnowhastodecidewhatkindofpoweritwillbe.Undoubtedly , Chinahas aroletoplayintheLACregionand , atthesametime , needstoreinforceits internationalinfluencebyestablishingapositivepresenceinemergingregions.In thiscontext , itisimportanttomentionChinasjoiningoftheInterAmerican DevelopmentBankas48thmember , thefreetradeagreementswithChile , Peru andCosta Rica , aswapagreement with Argentina — permittingcommercial exchangesbasedontheyuan , withoutusingthe US dollar — as wellasthe expansionofinvestmentsinmining ( copper , aluminiumandironore ) andenergy ( petroleumandgas ) inLatinAmerica. 6.犔犃犆犐狀狋犲狉犲狊狋狊犻狀犈狓狋犲狉狀犪犾犇犻犪犾狅犵狌犲狊狅狀犈狀犲狉犵狔犪狀犱狋犺犲犈狀狏犻狉狅狀犿犲狀狋 AnyglobalortrilateralagreementmusttakeintoaccounttheLACregions heterogeneity , includingBrazilsdifferentenergysituationcomparedtotheother LACcountries , andLACslowcontributiontoglobalwarming , whilebeingthe mostadverselyaffectedregion.Asaconsequence , whateverthescenario , some basicprinciplesmustbeestablished , suchastherecognitionofasymmetries , the specificneedsanddemandsofindividualcountriesorsubregionsandsustainable development. 6.1 AgreementsandFunding Giventheasymmetrictrilateralrelations , theLACregionshouldbenefit fromthestatusofspeciallyfavouredpartyininternationalagreements.LACs commitmentsmusttakeintoaccountthedamagecausedbytheregionandthe responsibility of other parties ; in other words , commitments based on responsibilityorcapacities ( emissionsorGDP ), ashasbeenproposedbythe EuropeanCommission. Atthesametime , asymmetriesalsorequirehigherspendingandforeign investments , in order , for example , to develop clean technologies , create infrastructureandsupportextractiveactivitiesthatcouldhelptheLACregionto bemorecompetitive.Also , researchinvestmentsmustbeapriority.
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China, the EU and Latin America : current issues and future cooperation
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