Argentina, China bury the trade war hatchet

[Judi Lynn]

Argentina, China bury the trade war hatchet
(AFP) – 15 hours ago

BUENOS AIRES — President Cristina Kirchner and China's visiting Agriculture Minister Han Changfu met Monday, formally ending a six month trade war that threatened Argentina's standing as the world's leading soybean oil exporter.

"Argentina is a great agricultural power and strategic partner. We're interested in boosting our mutual bilateral relation with Argentine businessmen," Han told the Chamber of Commerce of Rosario, Argentina's third largest city and biggest farming hub, over the weekend.

Kirchner and Chen's meeting signaled warming trade relations between the two countries after China suspended soybean oil imports from Argentina from May to October, in retaliation to Kirchner's restrictions on Chinese imports last year amid the global economic crisis.

Argentina is the world's largest exporter of soybean oil, and China is one of its biggest customers -- it supplies 70 percent of China's soybean oil imports (4.6 million tons in 2009) for some two billion dollars a year.

More:
http://www.google.com/hostednews/afp/article/ALeqM5geOTbyYBc37Reyt4cUHHLhqcWByQ?docId=CNG.c3a7214bcfe6083ee696ade4d9402691.e81

[Peace Patriot]

1. K&R! First I've heard of this trade war. Thanks for the info!

It seems like peace is breaking out all over Latin America!

:grouphug: