Argentina seeks larger role in ASEAN

Indonesia is Argentina’s largest trading partner in Southeast Asia

Argentina has become the first country in Latin America to establish a parliamentary relationship with the ASEAN bloc, which further highlights the global shift away from the crippled euro zone and the US towards emerging markets.

Indonesia also agreed to establish a strategic economic partnership with Argentina, focusing on investment made in the sectors of agriculture, engineering and sports, while Peru is pursuing a free-trade pact with the archipelago, Southeast Asia’s largest economy.

Reciprocally, Indonesia has begun searching out trade prospects in Latin America as of recent due to the precarious nature of consumer markets in developed nations.

Indonesia and Argentina have already nurtured a fruitful bilateral trade relationship: Indonesia is Argentina’s largest trading partner in Southeast Asia and fourth largest in Asia, while Argentina is Indonesia’s second biggest partner in South America.

Trade between Indonesia and Argentina soared to nearly $2 billion in 2011, in contrast to the $632.47 million registered in 2007, reported the Jakarta Post.

During his trip to Southeast Asia, Argentinean Foreign Minister Hector Timerman also stopped by the Philippines where he held talks with Philippine President Aquino regarding bilateral relations and the handling of territorial disputes, of which both countries are fused into.

Diplomatic discussion covered peaceful solutions to handle maritime issues between the Philippines and China, as well as historical UN resolutions that sought to solve the sovereign dispute between the UK and Argentina over the Malvinas Islands (Falkland Islands).

The two ministers agreed to work towards greater cooperation in the fields of science and technology, agriculture, diplomacy, trade and energy.



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[caption id="attachment_4578" align="alignleft" width="300"] Indonesia is Argentina’s largest trading partner in Southeast Asia[/caption] Argentina has become the first country in Latin America to establish a parliamentary relationship with the ASEAN bloc, which further highlights the global shift away from the crippled euro zone and the US towards emerging markets. Indonesia also agreed to establish a strategic economic partnership with Argentina, focusing on investment made in the sectors of agriculture, engineering and sports, while Peru is pursuing a free-trade pact with the archipelago, Southeast Asia’s largest economy. Reciprocally, Indonesia has begun searching out trade prospects in Latin America as of recent...

Indonesia is Argentina’s largest trading partner in Southeast Asia

Argentina has become the first country in Latin America to establish a parliamentary relationship with the ASEAN bloc, which further highlights the global shift away from the crippled euro zone and the US towards emerging markets.

Indonesia also agreed to establish a strategic economic partnership with Argentina, focusing on investment made in the sectors of agriculture, engineering and sports, while Peru is pursuing a free-trade pact with the archipelago, Southeast Asia’s largest economy.

Reciprocally, Indonesia has begun searching out trade prospects in Latin America as of recent due to the precarious nature of consumer markets in developed nations.

Indonesia and Argentina have already nurtured a fruitful bilateral trade relationship: Indonesia is Argentina’s largest trading partner in Southeast Asia and fourth largest in Asia, while Argentina is Indonesia’s second biggest partner in South America.

Trade between Indonesia and Argentina soared to nearly $2 billion in 2011, in contrast to the $632.47 million registered in 2007, reported the Jakarta Post.

During his trip to Southeast Asia, Argentinean Foreign Minister Hector Timerman also stopped by the Philippines where he held talks with Philippine President Aquino regarding bilateral relations and the handling of territorial disputes, of which both countries are fused into.

Diplomatic discussion covered peaceful solutions to handle maritime issues between the Philippines and China, as well as historical UN resolutions that sought to solve the sovereign dispute between the UK and Argentina over the Malvinas Islands (Falkland Islands).

The two ministers agreed to work towards greater cooperation in the fields of science and technology, agriculture, diplomacy, trade and energy.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

1 COMMENT

  1. Argentina has continued to show interest in the ASEAN countries. Recently this month Laboratorios Argentinos Farmesa Saic, Argentina’s biggest manufacturer of additives and plant-based ingredients, opened its first commercial office in Manila.

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