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Argentina-China ties poised to reach higher level: political observer
Ties between Argentina and China are poised to reach a higher level, boosted by President Cristina Fernandez's trip to Beijing on Feb. 3-5, according to Argentine political observer Gustavo Girado.
Fernandez and Chinese President Xi Jinping met at an "excellent time" to reaffirm their countries' "commitment to a future where they are more committed to working together," the expert in international relations has told Xinhua recently.
"This election-year trip allowed the two countries to ratify the bilateral commitments they have made up to now, and also to tackle new projects in important areas, such as developing a new nuclear plant and studies of outer space as well as fields in which both economies have already begun cooperating," the expert said.
One of the first binational projects is the construction of two damns in southern Argentina -- the Nestor Kirchner and Jorge Cepernic, which represents Argentina's largest hydroelectric project to date, said Girado, adding this project "opens the door to jointly tackle other challenges."
China, for example, has pledged to supply Argentina with the materials it needs to reactivate one of the most important freight rail networks in South America, the state-owned Belgrano Cargas.
This type of cooperation represents "great savings of both time and money, so necessary in such a special year for Argentina," said Girado.
On Wednesday, Xi and Fernandez agreed to strengthen the comprehensive strategic partnership between their two nations.
During their meeting, Xi recalled his July visit to the South American nation, saying the agreements reached between the two leaders at the time are now being implemented and their progress has bolstered bilateral ties.
"I am even more confident in the future of the ties between China and Argentina," Xi said.
The two emerging markets must promote exchanges and cooperation, share development opportunities and work together to tackle common challenges, said Girado.
"Argentina's future growth is also important for China's future growth," and the dynamic will push the relationship "to a higher level," said Girado.
"The political commitment for that to happen was ratified" this week by the two heads of state, he said.
Argentina, a major agricultural products producer, established diplomatic ties with China, its second-largest trading partner, in 1972, and has been playing a role in improving the Asian giant's food security.
The South American nation now hopes to expand its exports to the Asian country to include high-tech goods with added value.
Beijing, meanwhile, has helped Argentina in such strategic industries as railroads, hydraulic engineering and nuclear energy.
[Source: Xinhua, Bs As, 06Feb15]
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