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Montevideo, August 17th 2017 - 05:59 UTC

Hammond arrives in Argentina on trade mission; scheduled to meet Macri

Tuesday, August 1st 2017 - 06:25 UTC
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Hammond is scheduled to meet president Mauricio Macri, Economy minister Nicolas Dujovne, Finance minister Luis Caputo and foreign minister Jorge Faurie.  Hammond is scheduled to meet president Mauricio Macri, Economy minister Nicolas Dujovne, Finance minister Luis Caputo and foreign minister Jorge Faurie.

Chancellor of the Exchequer Philip Hammond is scheduled to arrive in Buenos Aires Tuesday evening following a two day business promotion visit to Brazil. It will be the first time a leading UK cabinet minister sets foot in Argentina in sixteen years; the last was when ex Prime Minister Tony Blair met ex president Fernando De la Rua in the Iguazu falls in 2001.

 Hammond, who is taking advantage of the August parliament recess, is scheduled to meet president Mauricio Macri, Economy minister Nicolas Dujovne, (whom he met at the recent G20 summit in Hamburg), Finance minister Luis Caputo and foreign minister Jorge Faurie.

The Chancellor is leading a business delegation including the London Stock Exchange, the Green Investment Bank and Crossrail International and is accompanied by City Minister, Stephen Barclay MP, and Trade Minister, Mark Garnier MP.

According to Buenos Aires media, Macri officials will discuss with the Hammond delegation infrastructure opportunities, insurance and green finance, and the 2018 G20 presidency of Argentina. The media also underlines that all foreign business and diplomatic visits have expressed concern about possible future political changes in Argentina, particularly referred to legal security and impartial courts, given the experience of recent years.

But the idea is to continue with the trade and investment opportunities opening which received a big boost from the UK during last year's visit of Greg Hands when he announced the commitment of US$ 1.3 million to promote bilateral exchanges.

As to the Falklands' issue media speculates that there might be a reaffirmation of the two positions, in the current constructive scenario, and since Argentina needs UK support for its OECD membership aspiration, Hammond could also remind hosts that there is much of the joint September communiqué to be addressed.

As Secretary of Defense Hammond in 2015 strongly supported the Falklands saying that “bullying and harassment to which the Islanders continue to be subjected is shameful, counterproductive, it's wrong and it must stop”.

But despite the new atmosphere, Argentina and UK are well aware that once Brexit becomes effective, European Union members can vote uncompromised on the Falklands sovereignty dispute.

 

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  • Islander1

    Who gives a fig which way feeble Italy may decide to vote after Brexit? Spain will need to think about its “enclaves” in No Africa before it starts to sound off to much and also if it still wants thousand of British tourists each summer.
    Nope- this bit about Brexit is irrelevant to this story.

    Aug 01st, 2017 - 10:54 am +3
  • James Marshall

    'European Union members can vote uncompromised on the Falklands sovereignty dispute'.....

    What are they voting on exactly.....it is news to me that third party countries get to vote on who has sovereignty. As it is an internal UK affair, I am not sure what they think they will be voting for.......

    Aug 01st, 2017 - 03:34 pm +3
  • Islander1

    Demon Tree - It would make zero difference to Argentina - probably make them get even more would up if we were formally and constitutionally part of UK with our own MP etc . UK at least recognizes that as a people we have a right to govern ourselves - Spain does not to its enclaves.

    Aug 01st, 2017 - 08:00 pm +3
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