Argentina became the first of the continent’s three top economies to sign up for the Belt and Road infrastructure initiative
Argentina and China have signed a memorandum of understanding on the Belt and Road Initiative, Beijing’s multibillion-dollar global infrastructure development project. The document was part of a package of cooperation agreements signed on Sunday in Beijing during a visit by Argentine President Alberto Fernandez to meet China’s President Xi Jinping.
Buenos Aires is the 21st nation in Latin America to formally join the China-led initiative, and the first to do so on the list of the top-three regional economies, which also includes Brazil and Mexico.
The move was long expected, considering the extensive economic ties between the two nations. China overtook Brazil as Argentina’s biggest trading partner in 2020, amid a drop in regional trade due to the Covid-19 pandemic. China is not only a supplier of various goods to Argentina, but also a major market for its agriculture sector, with soybeans and beef being its biggest exports.
The memorandum sets out a roadmap for China and Argentina to further develop their trade and other forms of cooperation. The Argentine government said Beijing agreed to invest at least $14 billion in infrastructure projects in the country, with a second tranche of $9.7 billion in the pipeline.
Washington perceives the Belt and Road Initiative, which was launched by Xi in 2013, as a serious challenge to its interests in Latin America. The US has been sending diplomats to friendly nations to advise them against taking Beijing’s money.
The Biden administration touts the G7-led Build Back Better World (B3W) initiative as an alternative vehicle for countries to rebound from Covid-19 slowdown in “a values-driven, high-standard, and transparent infrastructure partnership” with the West.
Last month, Nicaragua joined the Chinese mega-project, after switching its diplomatic recognition from Taipei to Beijing.
source: RT
Împotriva articolelor redacției noastre, persoanele nemulțumite pot formula Contestație în termen de 10 zile de la publicarea articolului, la judecătoria Orășenească nr. 1 München Bayern Deutschland, in conformitate cu Legea federală Germană. Considerăm că nu se pot formula acțiuni la instanțele din România deoarece nici o persoană care activează în trustul nostru nu poate fi extrasă de sub jurisdicția federală germană. Considerăm că redacția noastră nu răspunde în fața autorităților din România ci doar celor federale sau civile germane. deoarece legea română nu are efecte de extraneitate asupra redacției chiar dacă subiectul știrilor face obiectul unor evenimente sau persoane din România și sunt scrise în limba română. Limba română nu este izvor de extraneitate a legii.
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