Article

2022-02-07 Caribbean-Latin America

[DW] Argentina
...a country located on the other side of the Deep South. It is covered with Pampers and inhabited by Grouchos, who dance the Tangle. They used to have some islands called the Malvinas located where the Falklands are now. They're not supposed to cry for Evita...
's leader Alberto Fernandez agreed to tie the South American nation to China's massive Belt and Road initiative following talks with Xi Jinping in Beijing.

Don’t do it, Argentina! It’s intended to for China’s benefit, not your own, as other nations have discovered to their regret.

China and Argentina pledged deeper economic cooperation and integration in the infrastructure-focused Belt and Road Initiative, after a meeting on Sunday between presidents Xi Jinping and Alberto Fernandez.

The two leaders agreed to a five-year plan for agricultural cooperation, focusing on key areas to grow and diversify trade and investment within the sector.

The deal, concluded at a 40-minute meeting on the sidelines of the Beijing 2022 Winter Olympics, is of great importance to Argentina. It comes at a time when the South American country greatly needs to improve its economic performance.

China is Argentina's second-largest economic partner after Brazil. The Asian superpower imports Argentine soybeans and beef, and the two countries also have a major currency swap deal.

On Sunday, the two presidents signed a memorandum of understanding related to China's signature Belt and Road initiative, which is a platform for Chinese investment in railways, ports and highways worldwide.

"This strategic decision will allow the national government to sign different agreements that guarantee financing for investments and works for more than $23.7 billion," Argentina's government said.

Meanwhile,
...back at the laboratory the smoke and fumes had dispersed, to reveal an ominous sight...
Xi stressed that China was willing to share development opportunities with Argentina and help it expand exports and upgrade its industries.

The Argentinian president had a warm encounter with Vladimir Putin

...President-for-Life of Russia. He gets along well with other presidents for life. He is credited with bringing political stability and re-establishing something like the rule of law, which occasionally results in somebody dropping dead from poisoning by polonium or other interesting substance. Under Putin, a new group of business magnates controlling significant swathes of Russia's economy has emerged, all of whom have close personal ties to him. The old bunch, without close personal ties to Putin, are in jail or in exile or dead from poisoning by polonium or other interesting substances...
, saying that his country should be "a door for Russia to enter Latin America in a more decisive way." He also mentioned that his country sought to lessen its dependence on the IMF and the US.

Posted by trailing wife 2022-02-07 00:00|| || Front Page|| [12 views ] Top
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