Argentine President Mauricio Macri meets with Indian
Prime Minister Narendra Modi on the sidelines of the G20
Summit in Hamburg, Germany
ARGENTINA SEEKS TO BETTER
STRATEGIC TIES WITH INDIA
By Huma Siddiqui*
B
oth India and Argentina are working towards
expansion of bilateral dialogue and cooperation in
an eff ort to take it to the strategic partnership level.
The trade between the two countries has been low but
has been picking up since the new administration has come
in and the bilateral trade is tilting towards Argentina at $2.5
billion. With the new government under President Mauricio
Macri, expectations were high as investors were expecting
major incentives for foreign investors and mining, railways,
shale gas and agro-products are areas where Indian businesses
will benefi t.
Despite the fact that the two countries will be celebrating
70 years of their relationship soon, the expansion of bilateral
trade is very important. Marci administration is working to
diversify the trade basket with India so that there is balanced
trade.
At various forums, acknowledging that India is a major
economy, Daniel Chuburu, Ambassador of Republic of
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Argentina to India, has been saying said that the two major
democracies need to focus on strengthening strategic relations
and co-operation in various sectors including automotive,
mining (lithium, gold, and copper), pharmaceuticals,
railways, agro-business, and oil & gas exploration, earth
science, and biotechnology.
For India’s food security, Argentina has off ered to work
with India for a deeper and stronger partnership for the future
of agriculture. Apart from the natural resources, there is a
continuous improvement happening on the seeds, technology,
and other input fronts by the institutions involved in the sector
and also due to the initiatives of the enterprising individuals.
India’s food crisis can surely be lessened by growing some
of the relevant crops like wheat, rice, pulses, and oilseeds in
Argentina.
The country has the technology to help India improve
agriculture productivity, food storage and reduce post-harvest
losses of farm produce. With the rise in the standard of living,