May 13, 2011
China to purchase soyoil from Argentina
China has announced that it will be purchasing 500,000 tonnes of soyoil from Argentina, seemingly putting behind a bilateral conflict that was affecting trade between both countries since 2009.
The announcement was made after a meeting with Argentine President Cristina Fernández de Kirchner in the Government House, by Argentine Foreign Minister Héctor Timerman and Chinese Commerce Minister Chen Deming.
Earlier, Foreign Minister Héctor Timerman met with Deming, who had arrived to the country following the invitation given to him by President Cristina Fernández de Kirchner last July, during her last official visit to Beijing.
During their meeting, the signing of a Memorandum for an understanding toward Investment Promotion took place.
International Trade and Economic Relations Secretary Luis MarÃa Kreckler and the director of the Chinese Agency for Investment Promotion abroad were also present in the meeting.
The signing of the memorandum is complimentary of Fernández de Kirchner's presidential visit last year, which pushed forward a premise for the diversification of bilateral commerce, to make it balanced for both Argentina and China; promoting a new era in bilateral relations and an increase in investment.
