Argentine President approves entry to the New Silk Road | News

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Argentine President Alberto Fernández approved this Sunday the incorporation of his country into the Silk Road and Beltway, a Chinese initiative to stimulate the flow of trade and investment.

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President Alberto Fernández makes an official visit to China

The understanding was made official during the bilateral meeting between the Argentine president and his counterpart Xi Jinping at the Great Hall of the People in Beijing, within the framework of the international tour carried out by the Argentine president, which took him first to Russia, then to China. and on Monday to Barbados.

Argentina’s incorporation into the Chinese trade initiative was achieved within the framework of the 50th anniversary of the establishment of diplomatic relations between the two countries.



Thus, the South American country joins the 140 countries that are already adhered to the Chinese Silk Road throughout the world.

As part of the understanding with the Asian giant, the Government will sign different agreements that guarantee financing for investments and works for more than 23,700 million dollars, generating a new milestone in the bilateral relationship with China.

The signing of the Memorandum of Understanding on Cooperation in the Framework of the Initiative of the Economic Belt of the Silk Road and the Maritime Silk Road of the 21st Century was carried out between Foreign Minister Santiago Cafiero and He Lifeng, President of the National Commission for Development and Reform of the People’s Republic of China, who were negotiating on Saturday to close the agreement.



In addition to adherence to the New Silk Road, 13 cooperation documents were signed, referring to green development, digital economy, space area, technology and innovation, education and university cooperation, agriculture, earth sciences, public communication media and nuclear power.

The activities of the Argentine president will end this Sunday with a visit to the Huawei Technology Center, before leaving for Barbados, the last country of his tour.

China is Argentina’s first non-Mercosur trading partner, the second destination for agro-industrial exports and the first investor in renewable energies.

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