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TRADE WARS
Chinese premier in Argentina on trade mission
by Staff Writers
Buenos Aires (AFP) June 23, 2012


Chinese Premier Wen Jibao arrived in Argentina Saturday on an official visit aimed at boosting trade with one of South America's top agricultural producers.

Wen, slated to meet Sunday with Argentine President Cristina Kirchner, has been traveling across South America since a G-20 summit in Mexico last week, with previous stops in Brazil and Uruguay. He visits Chile after Argentina.

Kirchner and Wen, who met on the sidelines of the G-20 summit, have agreed to increase trade, which last year reached $14.8 billion, $8 billion in China's favor.

China is Argentina's second largest trade partner, mainly dealing in agricultural products. Argentina is the world's number one exporter of flour and soy oil, number three soy bean exporter, and number two corn exporter, said Rogelio Ponton, adviser to the Rosario Board of Trade.

Buenos Aires expects to highlight plans to modernize the Belgrano Cargas railway, said Planning Minister Julio de Vido about Wen's visit in comments aired on state television.

Argentina also hopes to draw Chinese investments in its oil industry, after having expropriating Spanish oil company Repsol's controlling share of YPF, Argentina's largest oil company.

During nearly two hours of talks Friday, Wen signed five cooperation agreements on telecommunications, the environment, and economic and technology cooperation.

President Jose Mujica expressed to Wen Uruguay's hope that Chinese companies would invest in a deep-water port project in the southeast department of Rocha, according to the spokesman, Diego Canepa.

Canepa said Wen had conveyed China's interest in the construction and the development of the port. A Uruguayan delegation will visit China in the next three months to present the project to potential investors, the spokesman said.

Chinese companies are keen to explore the possibility of using Uruguay as a "key platform" for improving ties with Mercosur, the South American trade bloc that includes Argentina, Brazil, Paraguay and Uruguay, Canepa said.

China is Uruguay's second-largest trading partner after Brazil.

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China's Wen inks deals, talks investment in Uruguay
Montevideo (AFP) June 23, 2012 - Chinese Premier Wen Jiabao has signed five cooperation agreements with Uruguay, his first stop on a multi-nation visit to South America, and left the door open to increased investment in the country.

A spokesman for Uruguayan President Jose Mujica said after Friday's talks that the accords -- on telecommunications, the environment, and economic and technology cooperation -- would help "deepen the relationship."

During the nearly two hours of talks, Mujica told Wen his country hoped Chinese companies would consider investing in a deep-water port project in the southeast department of Rocha, according to the spokesman, Diego Canepa.

Canepa said Wen had conveyed China's interest in the construction and the development of the port. A Uruguayan delegation will visit China in the next three months to present the project to potential investors, the spokesman said.

Chinese companies are keen to explore the possibility of using Uruguay as a "key platform" for improving ties with Mercosur, the South American trade bloc that includes Argentina, Brazil, Paraguay and Uruguay, Canepa said.

Upon his arrival in Uruguay, the first time a Chinese premier has visited the country since diplomatic ties were established in 1988, Wen noted the "substantial advances" in bilateral relations during that near quarter-century.

China is Uruguay's second-largest trading partner after Brazil.

Wen, whose stay wraps up Saturday, is also scheduled to visit Chile and Argentina on his trip to the region. He arrived in Uruguay from Brazil, where he participated in the UN's Rio+20 conference on sustainable development.

Beijing has in recent years been ramping up its investment in Latin America, investing in everything from agriculture to railways while satisfying its need for oil and other raw materials to fuel its booming economy.



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TRADE WARS
Chinese premier in Uruguay on first stop of regional tour
Montevideo (AFP) June 22, 2012
Chinese Premier Wen Jiabao arrived in Uruguay Friday, his first stop on a multi-nation visit to South America. Wen's arrival marks the first time a Chinese premier has visited Uruguay since diplomatic ties were established in 1988. In a statement, Wen said that he and his counterparts would discuss international and regional issues of mutual interest. A Uruguay foreign ministry sourc ... read more


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