Argentina made official this Monday (11.04.2022/4/XNUMX) the memorandum of understanding it signed with China on February XNUMX, through which it joined the Asian country's most ambitious initiative at a global level, focused on investments and infrastructure.
The instrument of six articles It was published by the Minister of Foreign Affairs, International Trade and Worship in the Official Gazette.
Amongst the detailed objectivesThe document states that both countries “will work together within the framework of the Belt and Road Initiative” in order to “promote bilateral trade in goods and services” and “progress in sanitary and phytosanitary negotiations.”
Also, “to make investments for the productive sector and for the development of technological capabilities”, “to encourage a balanced process towards an energy transition”, “to promote the use of diversified means of financing” for infrastructure projects, among others.
The document provides among the areas of cooperationn that cooperation projects will be promoted in connectivity infrastructure such as roads, railways, bridges, civil aviation, ports, energy and telecommunications.
In terms of Trade connectivity and investments, says that they will “strengthen the multilateral trading system based on international law, centered on the World Trade Organization,” while “encouraging their companies to build zones of industrial and economic-commercial cooperation in accordance with their effective national laws and legislation.”
A total of 139 countries have signed up to the Chinese initiative, including 30 European countries, 37 Asian countries, 54 African countries and 13 Latin American countries.
The first Latin American country to join was Panama, but later Antigua and Barbuda, Barbados, Bolivia, Chile, Costa Rica, Cuba, Ecuador, El Salvador, Grenada, Guyana, Jamaica, Peru, the Dominican Republic, Suriname, Trinidad and Tobago, Uruguay and Venezuela joined.
With information from Télam
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