Argentina and China sign deals strengthening ties after G-20

BUENOS AIRES, Argentina — China’s president on Sunday signed new trade deals with Argentina as the Asian giant expands its growing role in Latin American economies.

Presidents Mauricio Macri of Argentina and Xi Jinping of China announced the more than 30 agriculture and investment deals during a state visit following the Group of 20 summit of leaders in Buenos Aires. The deals include an agreement to export Argentine cherries to China and an expansion of a currency swap.

China is among Argentina’s top export markets, especially for agricultural commodities that are the engine of its economy. It is also one of Argentina’s biggest lenders, financing about $18.2 billion in infrastructure and other projects, according to the Inter-American Dialogue, a Washington-based think-tank .

“China’s development benefits Argentina, our region and the world,” Macri said during a ceremony at the presidential residence in the outskirts of the Argentine capital.

“We have complementary countries. There are few countries in the world that can buy so many of the high-quality products that we’re capable of making,” Macri said.

The visit comes after U.S. officials said they had reached a 90-day truce in the trade dispute with China that has rattled financial markets and imperiled global economic growth. That announcement followed a Saturday dinner meeting between Xi and President Donald Trump.

Argentina also granted Xi the top honour awarded to foreign politicians, and the Argentine polo association gave the Chinese leader a polo horse. The South American country is home to the world’s top polo players, and Macri said that he wants the sport to make a comeback in China.

Photos released by Argentina’s presidency showed a smiling Xi petting the pony with one hand and holding the reins with the other.

Macri also put a red polo helmet emblazoned with China’s flag on Xi’s head.

Xi congratulated Macri on a successful summit and said that both nations believe that the G-20 spirit of solidarity must prevail in “the firm defence of multilateralism and free trade to build an open global economy and foment the world’s prosperity and stability.”

Xi will go on to visit Panama, which has been negotiating a free-trade deal with China after shifting its diplomatic recognition to Beijing from Taiwan last year, a move that led to complaints from U.S. officials.

Chinese companies operate ports on both ends of the Panama Canal, which for most of the 20th Century had been seen as a symbol of U.S. influence.

 

Just Posted

Red Deer loses out on funding for addiction clinic

$8 million divided among eight communities

Man accused in toddler son’s death inept parent, not murderer: defence

EDMONTON — A defence lawyer says a man who is accused of… Continue reading

Feds approve Alberta’s carbon tax on big industrial emitters

OTTAWA — The federal government is giving the Alberta government a passing… Continue reading

Kenney to meet Trudeau next week, discuss pipelines and equalization

EDMONTON — Alberta Premier Jason Kenney and Prime Minister Justin Trudeau are… Continue reading

Social media furor forces cancellation of Blackfalds school dance

Wolf Creek Public Schools cancelled a school family dance this week after… Continue reading

Fashion Fridays: Ethical and sustainable gifts for the season

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Your community calendar

Tuesday The Central Alberta Council on Aging will hold its Christmas General… Continue reading

My playful feline discovers internet is the cat’s pajamas

Boy, have I opened up a box of worms. Unleashed a veritable… Continue reading

Band-Aids don’t cure addictions

I used to sing in a quartet years ago. It was one… Continue reading

Man accused in toddler son’s death inept parent, not murderer: defence

EDMONTON — A defence lawyer says a man who is accused of… Continue reading

Feds approve Alberta’s carbon tax on big industrial emitters

OTTAWA — The federal government is giving the Alberta government a passing… Continue reading

Kenney to meet Trudeau next week, discuss pipelines and equalization

EDMONTON — Alberta Premier Jason Kenney and Prime Minister Justin Trudeau are… Continue reading

Leon Draisaitl, Alex Chiasson score early power-play goals, Oilers beat Kings 2-1

Oilers 2 Kings 1 EDMONTON — Leon Draisaitl and Alex Chiasson each… Continue reading

‘Things haven’t changed enough.’ Polytechnique anniversary prompts reflection

MONTREAL — There were promises to end violence against women and solemn… Continue reading

Most Read