In a meeting last Thursday, countries also discussed the possibility of the South American country joining the BRICS
Argentine President Alberto Fernandez, accompanied by Chancellor Santiago Cafiero, received Indian Foreign Minister Subrahmanyam Jaishankar at the Casa Rosada.
Argentina and India agreed this Thursday, 25, to strengthen economic relations and the political agenda through bilateral agreements between the two nations, according to official sources. the Argentine president Alberto Fernandezaccompanied by Chancellor Santiago Cafiero, received at the Casa Rosada the Minister of Foreign Affairs of India, Subrahmanyam Jaishankar, with whom they evaluated progress on economic cooperation issues. “India is Argentina’s fourth trading partner, we have a trade that last year reached US$ 6 billion in exchanges and we are advancing not only in food production and export, but also in everything related to the technology and nuclear technology industry. applied to medicine”, said the Argentine chancellor in an official statement. According to the latest official data, Argentina exported US$ 7.77 billion until July this year, but imported US$ 8.21 billion in total, which leaves an unfavorable balance for the South American country of US$ 437 million. Regarding India in particular, exports reached a value of US$ 3.08 billion in the first seven months of 2022, a year-on-year increase of 45.4%, while imports totaled US$ 1.15 billion (46.8 billion % interannual), which represents a positive balance of US$ 1.92 billion.
For his part, Subrahmanyam Jaishankar stated that India can encompass many other areas that can be explored, such as the issue of defence. “India is today one of the biggest exporters of defense equipment in the world and we would like to see how this issue can figure in our cooperation with Argentina”, declared the Indian chancellor. Another of the strengths of this meeting was the possibility of the South American country joining the BRICS, an economic-trade association formed by Brazil, Russia, India, China and South Africa. “The possibility of Argentina joining the BRICS was discussed, in addition to strengthening an agenda for the global south that is not based on the polarities that the world is emphasizing today,” commented Cafiero.
The inclusion of Argentina in this economic bloc is mainly promoted by India, through a process that previously translated into several mutual visits between government officials, as well as heads of state. “Regarding the current situation, in terms of the polarization that exists, countries that have independent points of view, such as India and Argentina, can work more closely on the situation. We can cooperate in the sphere of the global south, on issues of energy and food security”, stressed the Indian foreign minister. Subrahmanyam Jaishankar will participate this Friday, 26, in a meeting with the Indian-Argentine Business Council, then he will make the traditional offering of flowers to Liberator General San Martín and, finally, he will meet with Chancellor Santiago Cafiero, at the San Martín Palace, ceremonial headquarters of the Ministry of Foreign Affairs.
*With information from EFE
Source: Jovempan
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