Friday
October 24, 2014

Xi in Argentina - Meeting with de vido

Saturday, July 19, 2014

Gov’t seeks to build fourth nuclear power station with giant

While President Cristina Fernández de Kirchner met with her Chinese counterpart, Federal Planning Minister Julio De Vido discussed with China’s deputy director of the Development and Reform Committe the possibility of working together to build a fourth nuclear power station in Argentina.

The Energy Secretariat and YPF also signed an agreement to collaborate with China on unconventional hydrocarbons, which could lead to more investment in the Vaca Muerta shale formation, and described to their Chinese counterparts the investment possibilities there are on mining, specially on lithium, potassium and copper. Chinese firms currently exploit a iron mine in Río Negro.

De Vido invited China to participate in Argentina’s strategic public works for the development of the country, which include 11 hydroelectric projects for more than US$11 million that will be called to tender in the next few months. Meanwhile, on the telecommunications area, it was agreed that the Chinese firm Huawei will participate in the tenders for 3G and 4G mobile phone service.

Meetings were also held on the Agriculture Ministry where Argentine Minister Carlos Casamiquela analyzed with his counterpart Han Changfu the progress done so far with the 2012-2017 strategic plan and new initiative to boost trade between both countries.

“We need to work together on exchanging biotechnology information so to make the bonds between both countries stronger and at the same time guarantee food safety,” Casamiquela said, highlighting the need to increase exports of dairy products and horses and obtaining the authorization to export more goods.

Changu said to be “totally in favour of increasing the bonds” between both countries on aquaculture cooperation because of the “enormous technological and infrastructure development that China has on that area,” which they want to use to expand the aquaculture activities in Argentina.

China is the second most important destination of Argentine agro-industrial products, with a 10.8 percent share (US$4.500 billion) of the total agro-industrial exports of 2013. Agricultural products represent 85 percent of the total goods exported to China. Argentina was in 2013 the main supplier of soy oil and peanut oil for China, while it remained second on sunflower oil and third on soybeans.

Herald with Télam

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