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China, Argentina sign multi-million dollar agreements

(Xinhua)
Updated: 2009-08-15 13:30

Argentine and Chinese businessmen signed $118.5 million worth of commercial agreements on Friday during a visit by a Chinese delegation headed by Vice Commerce Minister Zhong Shan.

Vice Commerce Minister Zhong Shan (Front, R) talks with Argentine vice commercial policy and management minister  Eduardo Bianchi during a meeting on bilateral trade in Buenos Aires, capital of Argentina, August 14, 2009. [Xinhua]

Under these agreements, Argentina would export soybean oil, frozen chicken and chicken legs to China National Cereals, Oils and Foodstuffs Import and Export Corp.

Related readings:  Argentina, China sign tentative currency swap deal  China willing to develop strategic ties with Argentina  China, Argentina vow to boost ties

China was Argentina's second largest trading partner after Brazil with $13.5 billion in bilateral trade last year. China bought $6.5 billion worth of Argentine products, mainly beans and soybean oil.

From 2003 to 2008, trade between the two countries grew an average of 34 percent annually.