Presidents Mauricio Macri and Xi Jinping of Argentina and China announced more than 30 agriculture and investment deals during a state visit following the Group of 20 summit in Buenos Aires. The deals include an agreement to export Argentine cherries and an expanded currency swap.
China is among Argentina’s top export markets, especially for agricultural commodities that make up the engine of its economy. It is also one of Argentina’s biggest lenders, financing about $18.2 billion in infrastructure and other projects. Chinese companies also operate ports on both ends of the Panama Canal, which for most of the 20th Century was seen as a symbol of US influence.
The visit comes after US officials said they had reached a 90-day truce in the trade dispute with that has rattled financial markets and imperiled global economic growth. That announcement followed a Saturday dinner meeting between Xi and President Donald Trump.
