Established in 2014 at the initiative of President Xi Jinping, the China-CELAC Forum is an important milestone of China's distinct foreign policy approach, signifying a new stage of mutually reinforcing progress of bilateral ties and regional cooperation in China-LAC relations.
It has extended China's regional cooperation frameworks to cover all developing countries, contributed to a full-fledged structure of China's foreign policy, added another platform for South-South cooperation and provided strong support to building a community with a shared future for China and LAC countries.
Over the past three years, the China-CELAC Forum has made solid steps and delivered tangible results. Seventeen subforum sessions have been held to promote cooperation in over 10 areas. The dialogue and exchange mechanisms between the two sides have strengthened and expanded. China's financing measures towards LAC countries have been steadily implemented, supporting more than 80 projects concerning people's livelihood in over 20 LAC countries.
China and LAC countries are both developing countries, and we both have our dreams and visions. Across the vast ocean, we look forward to joining hands with our LAC colleagues. It is my belief that with firm determination and persistent efforts, China-LAC cooperation will continue to score new progress in the new era.
Let's unite our efforts and build toward a new form of international relations featuring mutual respect, fairness, justice and win-win cooperation and a community with a shared future for mankind. Together, we will contribute to an open, inclusive, clean and beautiful world that enjoys lasting peace, universal security and common prosperity.
