Cristina Fernandez receives Wen Jiabao with a long list of requests

Sunday, June 24th 2012 - 03:21 UTC

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The Chinese president arrived in Argentina Saturday

Chinese Premier Wen Jiabao arrived in Argentina Saturday on an official visit aimed at boosting trade with one of South America's top agricultural producers.

Wen who is scheduled to meet Argentine President Cristina Fernandez on Sunday has been travelling across South America since the G-20 summit in Mexico last week, with previous stops in Brazil and Uruguay. The visit continues in Chile after Argentina.

Kirchner and Wen, who met on the sidelines of the G-20 summit, have agreed to increase trade, which last year reached 14.8 billion dollars with 8 billion in China's favour.

China is Argentina's second largest trade partner, mainly dealing in agricultural products. Argentina is the world's number one exporter of flour and soy oil, number three soy bean exporter, and number two corn exporter, said Rogelio Ponton, adviser to the Rosario Board of Trade.

Buenos Aires expects to highlight plans to modernize the Belgrano Cargas railway, said Planning Minister Julio de Vido about Wen's visit in comments aired on state television.

Argentina also hopes 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.

Categories: Agriculture, Economy, Politics, Argentina, International.

Tags: Argentina, China, Cristina Fernandez, Wen Jiabao.

Top Comments

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LEPRecon
I'm sure that's just what the Chinese want. A desperate leader of a desperate country to start making 'deals' with China.

Of course these deals will primarily be in China's favour, with CFK being thrown the odd bone to keep her happy. However, I wonder if China will wait out to see how long CFK and her crazy government can hold out against the wrath of the people?
Jun 24th, 2012 - 08:12 am 0
Self Determination
Trade is more than 2to 1 in Chinas favour, I would imagine they want paid in dollars. The YPF situation will make the Chinese very wary of major investment in Argentina.
Pan American Energy is 20% Chinese owned I am sure the siege, vandalism and production shut down will be mentioned.
Brazil , Uruguay and Chile looks a safer bet.
Waiting for the positive spin from CFK's propaganda department.
Jun 24th, 2012 - 08:40 am 0
TipsyThink
At least,Chinese produce CASH MONEY not loquacity in the media/internet.
Jun 24th, 2012 - 08:50 am 0

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