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  HOME | Argentina

Argentina, UK Agree in Buenos Aires to Strengthen Trade Relations

BUENOS AIRES – The Argentine finance, treasury and foreign relations ministers welcomed British Chancellor of the Exchequer Philip Hammond in Buenos Aires on Wednesday with the aim of strengthening trade relations between the two nations and increasing competitiveness, authorities said.

The British finance minister said that London wants the UK and Argentina to deepen their trade relationship and work as partners to achieve this objective, the Argentine Foreign Ministry said in a statement.

This is the first visit by a member of the British cabinet to Argentina since 2002.

Argentine Foreign Minister Jorge Faurie emphasized “trade and investments ... (as) the best tool for expanding development, creating more and better jobs and being more competitive.”

In his judgment, currently there is “a very productive scenario for relations between Argentina and the United Kingdom,” a period during which the South American country is offering “attractive opportunities in different sectors such as infrastructure, energy, communications, technology and services.”

During the meeting, in which Argentina’s ministers of the treasury (Nicolas Dujovne), finance (Nicolas Caputo) took part, Faurie emphasized the role of the UK, which he said is “a very important investor on the global level” and also in Argentina.

Later, Dujovne welcomed his British counterpart to his offices and there discussed the priorities that will motivate Argentina during its presidency of the G-20 in 2018.

Caputo, meanwhile, spoke with Hammond at the Finance Ministry about the interest among British firms in participating in public-private infrastructure investments in Argentina.

The pair also discussed efforts to prevent money laundering and the financing of terrorism, according to a Finance Ministry communique.

The meetings are part of the relaunching of the bilateral relationship, as set forth in a joint statement signed by the two governments in September 2016.

Before meeting with the ministers, Hammond was welcomed by President Mauricio Macri at the Olivos presidential residence.

 

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