China, Mercosur eye 200-billion-USD trade in 2016
时间：2012-07-02 03:01:23
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MENDOZA, Argentina, June 29 (Xinhua) -- China and South American trading bloc1 Mercosur pledged here Friday to further promote economic cooperation and trade and to lift bilateral2 trade to 200 billion U.S. dollars in 2016.
The target was announced in a
joint3 statement between China and Mercosur, or the Common Market of the South, which was released during the 43rd Mercosur summit that concluded here on Friday.
In order to achieve the goal, the two sides will continue to make concerted efforts to
diversify4 their trade and raise the trade volumes between China and Mercosur members in a balanced manner, said the statement.
Meanwhile, China and and Mercosur agreed to facilitate two-way investments and pursue cooperation
conducive5 to enhancing the
capabilities6 of their respective financial institutions.
They will also boost information exchanges on laws, regulations and policies related to their economic cooperation and trade, according to the joint statement.
While
vowing7 to step up cooperation in multilateral frameworks, the two sides expressed their worries about the
impasse8 in the Doha round of World Trade Organization talks, and called for the continuation of
negotiations9.
The Doha talks should strive to produce an ambitious, comprehensive and balanced agreement that takes into account the interests and needs, especially those in the agricultural
sector10, of developing countries, they said in the statement.
In addition, the two sides agreed to
convene11 a meeting of government representatives between China and Mercosur members and to organize training courses and symposiums as well as other cooperation programs so as to
implement12 the joint statement.
They also expressed shared concern over the
uncertainty13 and instability of the global economic situation stemming from the crises in developed economies, and pledged to
jointly14 fight trade protectionism and guarantee the predictability of multilateral trade systems.
Established in 1991, Mercosur has four full members -- Argentina, Brazil, Paraguay and Uruguay. Paraguay was not allowed to attend the Mendoza summit after its membership was suspended due to the
impeachment15 of Paraguayan President Fernando Lugo.
Chinese Ambassador to Argentina Yin Hengmin took part in the summit on behalf of the Chinese government, marking the first time that China was invited to attend a Mercosur summit.
Yin said China's attendance in the meeting and the release of the Sino-Mercosur joint statement demonstrated a new development stage of ties between the two sides and served as a
milestone16 in China-Latin America relations.
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