Latin America Statement by US President Joe Biden

President of the United States of America Joe Biden held a meeting with Latin American countries. President Biden announced that he wants to establish a new economic cooperation in order to reduce the growing influence of China in the region.

US President Joe Biden talked about a new cooperation with Latin American countries in which they aim to minimize the Chinese influence. At the Summit of the Americas in Los Angeles, the Joe Biden administration sought to reassure the people of its commitment to the region, despite concerns that the United States would dictate its will to its economically weak neighbors to the south. The number of heads of state and government officials attending the event had dropped to 21 after Joe Biden did not invite Cuba, Venezuela, and Nicaragua, which was protested by Mexican President Manuel Lopez Obrador and several other leaders. "We must invest in making our trade more responsible and sustained in creating a flexible, reliable and sustainable supply chain," Biden said in his speech at the opening ceremony. He pointed out that the "American Cooperation for Economic Prosperity" plan failed to reduce tariffs and would focus primarily on "like-minded partners" who already have trade agreements with the United States. He added that talks are expected to begin in early autumn. US businessmen predict that these recent summits will help bring the issue of supply chains, which has been strained due to the pandemic, closer. While current priorities of US President Joe Biden's administration include gun attacks, high inflation and the war on Ukraine, officials say Joe Biden is looking for ways to achieve his competitive goals against China through new partnerships. The US plans include the establishment of the Inter-American Development Bank and the creation of clean energy jobs.