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Abstract The Belt and Road Initiative is building a new platform for international cooperation, which is of great significance to the development of the current world. Latin America and the Caribbean (LAC) countries have been the indispensable party of the Belt and Road cooperation which is essentially conducive to promoting participating and updating in the global value chain. Therefore, it is of realistic significance to analyze opportunities for economic and trade cooperation between China and LAC countries under the background of the Belt and Road Initiative from the perspective of the global value chain. Currently, due to imbalance of industrial structure, backward infrastructure, inadequate regional integration, imperfect business environment and lack of innovation ability, LAC countries own a minor share in value added in the three major value chains oriented for the United States, Asia and Europe, and the development of its own value chain in the region is also limited. From the perspective of global value chain, the Belt and Road Initiative will provide new opportunities for the economic and trade cooperation between China and LAC countries, mainly in cooperation in infrastructure, participating in the reindustrialization in the region, strengthening the financing, improving SMEs development, increasing technology innovation cooperation, and making LAC more integrated into the Asian value chain.
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