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Preface

He also suggested the two sides join hands in building a peaceful and safe maritime environment, by increasing the contacts between their maritime enforcement agencies, and elevating the level of cooperation in cracking down on illegal drift net fishing on high seas, conducting maritime humanitary search and rescue, and managing transportation of hazardous materials.

He urged the two governments to step up policy coordination, improve efficiency of government approval, promote facilitation of trade and investment and create favorable conditions for enhancing mutual investment cooperation.

Entrepreneurs here believe that China, in restructuring its economy, will find a suitable outlet in Latin America for its overcapacity and rising outward investment. Meanwhile, Latin America is in pressing need of capital and technology to expand its infrastructure, improve its manufacturing capabilities and reduce its heavy dependence on the export of raw materials to maintain its economic growth and sustainable development.

Huang Jing, director of the Center on Asia and Globalization at the National University of Singapore, told Xinhua on the sidelines of the dialogue that the most effective way to solve the South China Sea issue is through negotiations between concerned parties; any attempt to introduce outside forces will only complicate it.