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"The relations between Latin America and China, and ties between the Caribbean and China are important parts of South-South cooperation," Li said, noting that "strengthening cooperation among these countries accords with their common interests, and helps preserve regional and international stability and prosperity."

"We can vote with our money to support brands and enterprises that are environmentally friendly, and we have the power to make changes in our living habits right now," she said.

In this sense, the Belt and Road Initiative serves as a "stabilizer" for the region, as it focuses on trade and economic cooperation and people-to-people exchanges, driving regional ties to develop in a positive direction, he said.

The tariff cut is aimed at increasing competition in the industry to improve its quality and efficiency, and bring car prices down.

Details of the consultations are yet to be confirmed by both sides, said Gao, noting that economic and trade cooperation between the two countries is always moving forward to achieve mutual benefits and win-win outcomes despite some twists and turns.