Argentina and China sign deals strengthening ties
525 views · Published 7 December 2018 · 2:54 · Indexed 23 September 2026
Channel: AP Archive · 2018 · News & Politics
(2 Dec 2018) China's president on Sunday signed new trade deals with Argentina, as the Asian giant expands its growing role in the Latin American economies. Presidents Mauricio Macri of Argentina and Xi Jinping of China announced more than 30 agriculture and investment deals during a state visit, following the G-20 summit of leaders in Buenos Aires. The deals include an agreement to export Argentine cherries to China. 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 US$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 on the outskirts of the Argentine capital. The visit comes after US 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 US President Donald Trump, following the G-20. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/bf26aa279295df1c833dac6715c27ddb
