Political Risk Latin America Blog @PolRiskLatam

China and Argentina: warming up cultural ties

Posted in News and Articles, Political Risk by politicalrisklatam on June 29, 2011

by Jude Webber for Financial Times – Beyond Brics, June 29th, 2011.0

A long-term agricultural project between China and Argentina could sow the seed of deeper cultural ties between the two key trading partners. That is the idea of a pilot language scheme being launched as a $1.5bn deal kicks off between the province of Río Negro and China’s top crop producer, Beidahuang, to irrigate unproductive valleys in the Patagonian province and produce corn, soya, wheat, fruit and other crops to be shipped back to China.

“We see a cultural exchange between Argentina and China as a way to establish the base for lasting trade,” Oscar Gómez, one of the developers of the agricultural project, told beyondbrics. “We want this to be sustainable over the long term.”

China, hungry for resources to feed its booming economy, has cranked up investment in Argentina since last year, becoming a major player in the energy sector. It already has a host of other investments, including mining, railway and cellphone production, and is widely expected to eye the banking market soon via a purchase of the local assets of South Africa’s Standard Bank. (continue reading… )

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