Venezuelan Vice-president Jorge Arreaza said that cooperation between China and Venezuela, which has been especially strong and beneficial in energy and technology, could be extended to include agriculture and land exploitation, an area of special interest for Beijing.
Chinese Vice President Li Yuanchao on Tuesday asked the Venezuelan government for efficiency in managing an agro-industrial plant it has begun building near Caracas with a 52 million dollars investment from Beijing.
Argentina is negotiating with China a new 10 billon dollars equivalent swap of international reserves support based on the experience of 2009 when the global financial crisis. The new accord should theoretically help Argentina strengthen its international position vis-à-vis the run on the dollar (or the flight from the Peso) and which has cost the Central bank 4 billion dollars so far this year.
Visiting Chinese Vice-president Li Yuanchao expressed on Friday “full support for Argentina’s sovereign claims over the Malvinas Islands” while his Argentine peer, Amado Boudou matched his words ratifying the ‘one China’ policy.
China is determined to advance in mutually beneficial cooperation with Argentina visiting Chinese Vice President Li Yuanchao said on his arrival on Thursday to Buenos Aires. He underlined that the new Chinese leadership will continue to perceive and develop bilateral relations from a long-term strategic perspective.
China has raised concerns about European Union plans to negotiate an ambitious free trade deal with the United States, fearing it is a protectionist move and at the same time Beijing new administration is doubling efforts towards Latinamerica and Africa.