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This year marks the 50th anniversary of the establishment of diplomatic relations between China and Argentina. May I ask the Ministry of Commerce, what are the highlights of economic cooperation and trade between the two countries in recent years? What potential can the two countries develop in their future economic cooperation and trade?(2022-02-10)

Since the establishment of diplomatic ties 50 years ago, the economic and trade relations between the two countries have achieved healthy and stable development. In 2021, the bilateral trade increased by 28.3% year-on-year to USD17.83 billion, and China remains Argentina's second largest trading partner. Two-way investment steadily expanded, and investment cooperation projects in new areas such as clean energy have continued to emerge. Argentina is an important market for China in Latin America on contracted engineering projects, and the cooperation between the two sides involves hydropower, railway, energy, communication and other areas.

On February 6, President Xi Jinping met with President Alberto Fernández of Argentina, who came to China to attend the opening ceremony of the Olympic Winter Games Beijing 2022. The two heads of state reached an important consensus on deepening China-Argentina comprehensive strategic partnership and pointed out the direction for the development of China-Argentina economic and trade relations. In the next step, China stands ready to work with Argentina to jointly promote the Belt and Road, promote the further development of pragmatic economic cooperation and trade between China and Argentina in various fields, especially strengthen investment cooperation in emerging areas such as digital economy and green development, continue to improve bilateral economic cooperation and trade, and enhance the well-being of the two peoples. Thank you.