Argentina/China sign a raft of agreements to boost trade and investment
Argentina signed with China a raft of mostly farm-related agreements at a ceremony on Monday in Buenos Aires attended by Chinese Premier Wen Jiabao and his Argentine president Cristina Fernandez.
China is Argentina's biggest client of agricultural products and its second largest trade partner. Bilateral trade totalled 14.8 billion dollars in 2011, with 8 billion dollars surplus for China.
Argentina is the world's number one exporter of flour and soy oil, number three soy bean exporter, and number two corn exporter.
The two delegations also signed a nuclear energy cooperation accord and agreed on the terms of a Chinese loan to modernize Argentina's Belgrano Cargas railway network, officials said.
The low-interest loan package at roughly 2 billion dollars should help finance the modernization of a 1.500-km route that stretches into important soy-growing regions in the north of the country, the Economy Ministry said. China is a leading buyer of Argentine soybeans and soy-oil.
Argentina has three nuclear plants the last inaugurated in September 2011, and has plans for a fourth.
Other areas of cooperation include infrastructure, financial services, energy, polar regions research, oceans and environment, aviation and tourism, according to the delegation from Beijing. The two leaders also pledged closer people-to-people exchanges to create a stable, friendly and convenient environment for the development of bilateral ties.
During Wen's two-day visit, Argentina also hoped to draw Chinese investments in its oil industry, after having seized Spanish oil company Repsol's controlling share of YPF, Argentina's largest oil company.
At a ceremony Sunday in a museum opposite the presidential mansion, Wen hailed 40 years of bilateral ties as an “important milestone” and praised the “deepening friendship and trust” between Buenos Aires and Beijing.
“Under the current adverse world economic situation, China and Argentina must keep their markets open, understand each other and strengthen cooperation between relevant government agencies to properly resolve each other's concerns and promote the continuous and balanced growth of bilateral trade”, said the Chinese PM Wen.
Cristina Fernandez said China had played a “paramount” role in fuelling global growth over the past 10 years. She stressed that both countries have a “common vision on defending territorial integrity” and acknowledged China's support for Argentina's claim to the disputed Falkland Islands, which are administered by Britain.
Wen Jiabao has already stopped in Brazil and Uruguay during a four-nation tour of Latin America that concludes in Chile where he arrived late Monday.
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“Deepening friendship”,no investment in oil, the Chinese aren't daft.More imports .
If not then Argentina must be seen as a rouge state given China and Russia are rather famous for raping countries for resources and getting deals that are severely in their favour hence the western worlds reluctance to enter these types of deals with them even if trade is high.
It will be interesting to see how this plays out and purely as devils advocate surely Argentina would be better to seek investment from SA if it doesn't want to work with western companies or they don't want to work with it. Although I guess only the largest countries/companies can put up in excess of 35bn.
And argentina has been whining about balancing trade with the US lol
falklandsnews.wordpress.com/
This is what happens when you have a law abiding democratic government - countries and companies want to invest. Argentina should take note......but they won't.
More good news for the Falklands..Argentina will be suing UK,France,Italy and it wont be long before the Americans and the big boys get involved in exploration.
However, the talk of nuclear energy intrests me. Has Cristina 'lets keep South America nuclear free' Kirchner changed her mind now that oil and gas production is so unpredictible?
As the Chinese say: we live in interesting times.
wonder how the retro fitting of nuclear reactors in the rusting hulks of the 20 year old subs argentina has is going, tick tick boooooom
hahaha
So good news i say!!
Thank you for supporting us over the Falklands,
Well well well.
You have let your self down , the Falklands are British , and will remain British , and no matter amount of support from china will over turn that fact .
CFK has promised the earth , and come up with the leftovers , that her puppies fight over.
.
Its a great deal for China ,$8billion trade surplus .They are throwing scraps at you.
Who is going to invest in YPF ????
Russia?“ Er no”,
China ? “ no fanku, deepening friendship ”
USA ? “Pay back what you owe us buddy”.
Brazil ?“ We would like to help but we are in deep sh with Petrobas for $250 billion
Mexico? Carlos Slim ”This is not an investment“
Spain? ”Repsol and we're broke“
Cuba ? ”We.ve been broke a long time,its socialism“.
IMF ? ” Sort out your 3o% inflation and peso.“
EEC ? ”Your trade barriers mean we have to sue you.”
THIS IS THE REAL WORLD !!
Ch(argent)ina. Wonder how many Chinese engineers, technicians etc they'll ship in. It will make it soooo much easier when argieland defaults and the Chinese start wandering around saying, “We'll take that....and that....and that. Never mind. We'll take it all and let you know what we'll allow you to use.”
It will be interesting to see what countries/companies invest in YPF. Like other ocountries have found out its very difficult to “balance trade” once a major trade partner has a huge trade surplus with you.
This is a great page exactly for the comments. The articles are just the pretext.
But, I can't believe you guys missed this knee-slapper!
“Argentina signed with China a raft of mostly farm-related agreements at a ceremony on Monday in Buenos Aires attended by Chinese Premier Wen Jiabao and his Argentine president Cristina Fernandez.”
Hahahaha!
I don't think it was deliberate. - just bad English and even worse editing.
But what a clunker! What a telling clunker.
Yes, she and Argentina itself, is already somebody's b*tch.
I spent 10 years in Argentina and have been saying this for years.
Here's the breakdown.
Argentina has lots of what the world needs. Soya, Copper, Water, Location*, and, lots and lots of Empty Space (ya know, Land!).
They also have lots of corrupt politicians willing to sell their soul to even the lowest bidder, an equally corrupt and clueless body politic, and no military to defend either one.
Then, you have China, India, Russia, Western Europe, and North America.
Al of whom need what Argentina has......
Let me ask the Argentinian readers here a qusetion.
Who do you think is gong to win?
(Sung to the melody of Quint's Song youtu.be/GVmeeYwEiQw)
“Farewell and adieu to you dear Argentinians. Farewell and adieu to you Argies in pain! For they all have designs to take over your country. And never more will we see you again.”
You very well know your days as western decadent nations are numbered. Within 30-40 years the muslims will have brought the end of you, and most likely of your lineage (all dead).
London will just be another Damascus.
Oh, wait, actually that one has plenty of basis in modern day reality.
If I were you brit ninja, I'd be trading the ninja suit for thawbs
Meanwhile, you better start working out Tobi. I imagine pulling a rickshaw is tiring.
I went skiing last weekend. Which is why I wasn't around for 4-5 days. Don't worry about my physical fitness.
Shhhhh, don't tell the Argies, they might cry, call the French insulting names or ban French flagged vessels from Argie ports.
Chuckle.
Sadly I did miss England's fantastic penalty kicks victory. First one in 100 years if I'm not mistaken. After going up 3-2 on the penalties, no way you could lose...
This is good for Arg.
The Chinese will up their food imports, hence giving the Argentina the chance to narrow the deficit.
China will also be investing in the RG rail network – more dollars coming in, better infrastructure.
Many seem to forget that China has big problems of its own. They don’t come here (SAmerica) to dictate terms. They need to negotiate these kinds of deals on food to keep their own inflation under control. It is a bilateral win-win.
I wouldn’t be surprised if China invested in YPF or went in to some kind of a venture. China is expert at dealing in “risky” environs, just look at their massive investments in Africa.
I know that TTT won’t like the idea of Chinese investment but you can’t please everyone.
I think the british who lives there at the Malvinas and some others in the UK will love to see this post.
Thanks a lot !!!
Cristina “Im a great admirer of the way the Greeks mismanage their economy,in fact its the model on which ours is based”.
“Their credit rating is better than ours ,very pleased with the oil for ouzo deal”
“ I would like to thank Mr Papadopagotalotoutofus for his support over the Malvinas”“.Deepening friendship with the Greek people”.
That is what they are doing in the UK so I imagine it is the same in Argentina?
I would like to thank the French state and EDF energy for investing in Falkland Island oil exploration.
again just for you to read it again and remember it and to study about it. STUDY, DON'T BE JUST ANOTHER MISEDUCATED brit !!
Thanks Popular Republic of China for being a good friend of Argentina and also to let the world know that your population of 1.600.000.000 is on the side of Argentina regarding the sovereignty of the Malvinas Islands.
I think the british who lives there at the Malvinas and some others in the UK will love to see this post.
Thanks a lot !!!
Thanks a lot IDIOT
@26 Looking forward to your days in the paddy fields, are you? Still, up to your waist in sh*te will be quite normal, won't it?
@29 You can't have tv in the paddy fields.
@32 Remember the Korean War? Didn't do too well, did they? Faced by Brits, Americans, Australians, New Zealanders, they did what they do best. They died. Just like argies really.
@36 Since you like to label people MISEDUCATED, no doubt you'll be pleased to learn that the place is called the People's Republic of China. Where birth control is enforced by law, where homos are “enemies of the State”, where “free speech” gets you a prison term, or a tank down your throat. Forced labour is a way of life. Forget cars. The new “in” thing is the bicycle. The cops in their cars, all armed, can knock you over and run you over so much easier if you are on a bike. Enjoy!
She is running out of ideas
Out of puff puff
Out of time
Out of friends
Out of support
But she did promise her people the Falklands,
Still with the help of china, she can just pretend she has the Malvinas , and hope no one notices .
then very quietly forgett about them .
Chinese
像羔羊屠宰，傻女人。
你的睫毛膏的运行，或者是你的塑脸哈哈。
mugs
“If Argentina wishes to pay off its foreign currency debts, it could do it with the use of the Central Bank reserves”, Fernández de Kirchner stated during a televised speech at the Government House.
www.buenosairesherald.com/article/104608/cfk-will-settle-debt-with-bondholders
,,,,,,
like lambs to the slaughter , silly woman.
your mascara's running, or it's your plastic face ha ha ha .
....
sgum
Good oil news for 99,97% of humanity……..:
Oil price down from 110 to 80U$S during the last quarter…….
Good oil news for us Argentineans ……..:
1) The lower oil prices are ruining the prospect of any eventual oil exploitation in Malvinas.
2) BOR is approaching TD and it smells D-U-S-T to me……….
3) FOGL ”farmed out” ~80 million U$S with a little Italian Energy Company, heavily invested in Greece and in a faulty nuclear reactor in California (FOGL shares climbed a whopping 1,15% due to that “Great News :-)
BAD NEWS for the Malvinas squatters, though………………
@45 News about an hour ago. A unit of France’s state-controlled power company bought a stake in exploration wells planned by Falkland Oil & Gas Ltd. (FOGL), undeterred by Argentina’s claim to sovereignty over the South Atlantic islands.
Edison International (EIX) (EIX) SpA , a unit of EDF, will receive a 25 percent interest in Falkland Oil’s northern licenses and a 12.5 percent interest in southern licenses off the archipelago that Margaret Thatcher went to war to keep British in 1982. Edison will pay drilling costs of about $50 million and make a separate cash payment of $40 million, Falkland Oil said today in a statement. Falkland Oil raised 48.5 million pounds ($76 million) in January and is fully funded for the two wells it plans this year targeting more than 4 billion barrels of reserves. The deal with Edison frees up about $100 million for future investments, Bushell said. SO EAT SHIT AND DO ONE
How many of the 1,600,000,000 Chinese do you really think have even heard of the islands? Under either name? What a stupid fucking thing to say. Are you sure you're not one of the other deadbeats from here with a reinvented personality?
How long before all the Malvinistas forget that they are from peaceful Argentina and start backing China to lend them the military support that they will never have themselves and that they say they would never want?
Chuckle chuckle.
Good evening mate. Yep good news for sure. I was thrilled when I learnt it and I'm happy for my friends at FI Oil.
Actually I wouldn't be surprised if Hypo is Think. How many would that be for you now Think? Probably lost count.
Slatzzz, remind me mate. I can't remember which service you were in. I know you've mentioned lately but I can't remember. Was it RN? You're talking to an old Ginger Beer here anyway. A bit more rum than ginger these days though; strictly an SLR man.
Epic fail!
@50 Fail is thinks middle name
FOGL “farm outed” with Edison, not with EDF.....
Interesting how the British turnips try to convert failed italian Edison in some Fine French Company….
Maybe because In 2011 Edison reported a net loss of 871 million euros after writedowns.
Birds of a feather flock together ...............
Chuckle chuckle…..
No, apparently we're not going to make any money out of oil because the price has dropped. LOL, the Malvinistas are really getting desperate now. Even the ones that know how it works and realise that saying there is no money in oil is just bullshit! I guess they put all their eggs into CFK's shitty little nest and kind of believed she'd get them through it. She'll be high and dry and counting her botox appointments while they're dying in the streets without gas.
28 years; good effort. I only did 9 but it set me up nicely and shaped the rest of my life. Some of my mates are generals and brigadiers now but even most of them have come out now. My best man is a brigadier. I never looked back though; life is good.
You only have to google it and it's there in front of your eyes, unless of course Rgenweeners google will tell you some other propoganda.
The deal sees French utility firm EDF enter the Falklands.
Via Edison International – a company in which it owns a controlling stake – EDF will pay FOGL’s back-costs in the region of US$50 million and it will pay its own share of the costs for the upcoming drill programme. A US$3 million option fee had already been paid to FOGL.
Also Edison will pay FOGL an additional US$40 million in cash – with US$20 million being paid on completion of the farm-out and US$20 million due next year.
Trolls leave this blog your on a looser, this is great news. Shame the rgs walked out on the joint agreement to develop oil field with uk.
As I wrote at (45).....:
FOGL shares climbed a whopping 1.15% due to the “Great News” of farming out ~80 million U$S to a little Italian Energy Company, heavily invested in Greece, in a faulty nuclear reactor in California and that reported a net loss of 871 million Euros in 2011:-)
Let's see the marked reaction in the next few days..............
Chuckle chuckle.........
The French utility firm reported a total income after tax of €3.01 billion (£2.5 billion), compared to €1.02 billion (£0.8 billion) in 2010.
So obviously your lazy and can't be bothered to do your homework or your internet is controlled by CFK and she only allows you to see what she wants.
CHUCKLE FUCKIN CHUCKLE
Argentine posters claim this, that and the other, yet it is still the UK as ever in full control of the situation and with nothing looking like it will ever change, yet our little cute, angry and vitriolic Argentine friends as they have been doing for the last 100 years or so claim otherwise and claim they are winning.
Meanwhile back in reality zero changes, the people of the Falkland Islands go about their lives and Argentine continues with its futile and ridiculous arguments and petty behavior, just business as usual I guess.
Care to tell us what is going on in Chubut?Did they run out of nat gas yet in Bariloche? How do you think the country will recover from the lack of o/g being produced? Supply is already pretty tight.
Do you think these riots will spill over to BA tomorrow?
Exciting place you've got there!
brr
Didn't you disagree with me about that a few months back. Call me crazy and uninformed blah blah blah
Hmm
Want to bet it's 16/1 by eom June next year ( conservatively)
BTW is it hard to find BMW parts with the import restrictions? Just using your horse now? I think that's going to be pretty common even in BA soon enough.
Brr
Why is this chinoiserie so different - are they not an empire, do they not aspire to supplant the USA? Do they not oppress Tibet? Are they not militarizing the South China Sea with their aircraft carrier?
CFK must have left her 'principles' at the clinic poor dear.
followed by hate and anti british,
followed by greed and theft,
shame then they could not deal with there own problems, insted of condemming others ,
but then being puppies fighting over the scraps that CFK throws at them,
we can expect nothing less .
www.youtube.com/watch?feature=player_embedded&v=AbAczriUDvU
Argentina break trade agreement with Mexico over cars.
Mexico join the queue.....Along with Brazil,USA,EEC ,India,Japan.....etc,etc
Its most unlike Argentina not to keep an agreement,or repay a loan.
People are even questioning their honesty, how unfair.
As for the threats of legal action,
The French would only say,
If you piss into the wind, then expect to look like a wet drip .lol
www.dailymail.co.uk/news/article-1249531/We-living-broken-Britain-Most-voters-pessimistic-state-country.html
Its more like poor / broke argentina selling the family silver to China, your new masters jajajajajaja
Poor Britain is in need of French helpings
,,,,,,,,,,,,,,,,,,
Poor Argentina is in need of help from china.
And pissing of everybody else along the way .
.
About Falkland Islands:
If I was the president of Argentina, I beg for military help to Venezuela, Perú and Brazil and I get back the islands.
Land:
Yeah. We need population. Sadly, we are getting the worst population ever. We were europeans in South America, and now we are transforming in Latin Americans. We must stop that.
the islands are british.
You sound like a coward. Letting someone do they fighting for you. Pathetic.
Your Dear Leader has already tried begging Brazil, Chile, Venezula and Peru to help her, and it's got her nowhere, just humiliated Argentina on the world stage.
Why should they send their young men to war against the British? Just what is in it for them? If they ever did, and you did somehow invade the Falklands, why should the countries you have mentioned give them to Argentina? After all they would've been the ones to sacrifice their people for them, so they should get the spoils.
None of the countries you mention would risk what amounts to an all out attack on a NATO member. Remember that the UK could invoke article 5 of the NATO charter, and the other members would come to our assistance, as they would see this 'hypothetical' union of South American nations attacking one of their members as unfair and dashed unsporting.
If Argentina wants the islands then man up and try to take them from the British, one country against another. Don't be cowards and hide behind Brazil, Peru and Venezula.
But don't expect a happy ending, just expect even more humiliation like you suffered in 1982.
Next year the legal owners of the Faklands will hold a referendum under the auspices of the UN. Once that result is known, they should then lobby the UN to remove them from the decolonisation list, as they will have met one of the options listed by the UN.
Argentina will then be told by the international community to STFU, and stop trying to steal land that doesn't belong to you. I also foresee that in the not too distant future, the Falkland Islands will become completely independent, and become the newest member of the UN.
And all Argentina can do against international law is stand by impotently and cry.
Here's a hint for Argentina. Stop looking at the past, look to the future, maybe then, one day, the world will start taking you seriously.
The islands are British because you stole them many years ago, and obviously now the habitants are British.
You are a group of Jack Sparrows. I guess that's less respectful.
The Falkland Islands are NOT South American, they are in the Western South ATLANTIC.
They are British not because the British took them in 1833, but because the people that live on them VOTED to be British.
There are a large majority of voters who wish to be British because we, during the 150 years of unimpeded immigration to the Islands DID NOT GO THERE.
We lost our opportunity to rig the vote. In other words we f**ked up again as we usually do.
We cannot blame the Brits, the Yanks, the French or anybody else, it is all our own fault, and we have to live with it.
You seem to like being humiliated on the world stage with all that begging. No wonder no one takes your country seriously.
But as I stated before, what's in it for Brazil? What would they gain by pissing off the British, the EU, the UN and the Commonwealth? For what? So Argentina can steal land from people who have lived on the islands for the past 180+ years? Longer than Argentina existed? Since before Argentina annexed Patagonia?
Just what rights do you think you have that can over-rule article 1 of the UN charter?
Argentina shall never gain the Falkland Islands. They will either remain a British Overseas Territory or become completely independent. Argentina burnt all it's bridges when you invaded in 1982, terrorised the population, showed complete disregard for human life by randomly scattering land mines and not marking their position (which is against international law), and when you finally realised you were losing the war your brave soldiers booby-trapped the school desks with explosives.
And don't say it was the 'Junta' because we all remember the cheering crowds in the Plaza de Mayo on 02 April 1982. We also remember the crowds in the Plaza de Mayo on and after the 14 June 1982, calling your soldiers cowards and demanding that they return and fight to the death.
Why should the Islanders ever have ANYTHING to do with a country that has done that to them, and refuses to acknowledge that what it did was wrong?
Argentina can keep on crying and BEGGING but no one if any import is listening to you. But don't worry you still have your friends: Angola, Syria, Iran, Venezula, China; those paragons of human rights and virtues.
Same old, same old.
The Iraqis have no problem with the British and Americans booting out the murderous regime. They now have democracy, despite some terrorist groups trying to disrupt things.
If the Iraqis have a problem they can always take it to the ICJ.
The Chagossians? An implanted worker population who couldn't survive once the plantations left as there is no naturally occurring water on the islands. They would have all eventually had to leave or die.
However, the British transplanted them and gave them compensation.
Now, let's see: Argentinians massacred native south Americans, committing genocide and ethnic cleansing, and gave these Amerindians what? Oh that's right, nothing.
The Argentine military 'disappeared' 30,000 of its on people, which some Argentinians are still fighting to get to the truth and bring those responsible to justice.
And now your hanging out with the likes of Syria (currently massacring it's own people including women and children), Iran which is currently oppressing its people and 'disappearing them, China which executes up to 20 dissidents per week, and is occupying Tibet and attacking monks and the people alike.
Yes, good role models for Argentina, the world will surely 'respect' you for simpering at the heels of these dictators.
@87 - Sg.caro
When was your country ever respected?
You break international treaties and laws.
You put unilateral trade tariffs in place.
You steal companies by supposedly 'nationalising' them, then change your constitution and apply it retrospectively.
You lie on the international stage by claiming that the British removed an Argentine colony, when we have proof that we didn't, you cry and play the victim.
You defile war memorials.
You try to bully and terrorise 3,000 innocent people and put in place illegal sanctions.
You try to steal their land, when they and their ancestors have lived their longer than Argentina existed.
And now you're reduced to begging on the international stage.
Someday, my country will be respected again
[what part of theft lying , abuse , threatening , aggressive , ]
Do you not understand?
Your country has more chance inventing time travel, than you have of getting the British Falklands or any respect , you think you may have .
[respect, has to be earned my friend , not stolen ]
.
Why do you need to write such a long response to “same old, same old”? I'm not going to read your claptrap. Learn to be concise.
From the quality of your posts, I don't think you CAN read!!!!
Recalculando...recalculando----
What a joke!...i´m sure you feel those islands more close to Southampton than Argentina...
Drink other kind of liquor my friend...don´t try extract alcohol from algas...you must become a kelper-
By the way guys: MERCOSUR declare today AGAIN ilegal your flag...ILEGAL...and Mr. Piñera himself stay on the meeting.
ILEGAL- SOUTH ATLANTIC_ NO RIGTHS for britishhhhhhh peopleeeee livingggg innnn ourrrrr landddddd---
Regards
I find it rather hard to understand what you are trying to say, but it seems to be something about the Falklands being in South America.
Wrong. The Falkland Islands are in the South Atlantic, Argentina is in South America.
Mercosur WAS a trading bloque, therefore has no competence over the legality of national flags. I say Mercosur was a trading bloque because as from yesterday it ceased to have any relevance in world trade.
can you define =Recalculando...recalculando
thanks,
oh as for the flags,
the telly tubbies have requested the return of their flag you argies stole of there show,
thanks
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