It is also the second largest exporter of corn and in 2006 signed a trade agreement with China to supply Soya for the next twenty years. They currently export commodities to the EU, USA, Brazil, Chile, Japan, India and now China.
Chinese president visits Argentina
Chinese President Hu Jintao recently concluded his first state visit to Argentina.
“China attaches great importance to its relations with Argentina, and is ready to work with the Argentine side to enrich its full range co-operative relations,”
Hu said in a written speech upon arrival at the airport
Argentina is China’s fourth largest trading partner in Latin America. Two-way trade reached 3.176 billion US dollars last year, up 122 percent from the year before. China mainly imported soybeans, bean oil, crude oil, leather and steel from Argentina, and exported computer, life science products, bulb and motorcycles, according to China’s Ministry of Commerce.
Chinese President Hu Jintao (front R) reviews a guard of honour
in Buenos Aires, Argentina, Nov.
16, 2004.
Billionnaire businessmen who own land in Argentina
Ted Turner
Founder of CNN
Estimated wealth US$2billion
Benetton Family
Estimated wealth US$10billion
The Benetton group - run by the brothers Carlo and Luciano Benetton - owns about 900,000 hectares of land in Argentina. Huge tracts are used to rear sheep to provide wool for the company’s garments. (source: BBC)