POST Online Media Lite Edition


Buenos Aires, Moscow close ties are fact

Staff writer |
Argentine Economy Minister Axel Kicillof said ties between Buenos Aires and Russia were a fact, not a wish, praising the bilateral natural understanding, achieved in economic, energy and trade affairs.

Article continues below

“Tighter ties between Russia and Latin America and Russia and Argentina are not a wish, but a fact. When you analyze past years of bilateral trade, you will find a surprising increase of 1,000%, one that has grown the most in Argentina’s foreign trade,” Kicillof said in Russia where he is currently attending the Saint Petersburg International Economic Forum 2015 (SPIEF 2015).

“This last chapter of the world economy has had so called emerging economies as true growth engines; those in Latin America, the Russian (economy), have grown at much more higher rates than the average of the world economy,” Kicillof stated highlighting the increase of what he called the “economic power” of both regions that is “undeniable” turning South-South ties into a “need and not simply a will.”

“It is also true that, unlike other countries of such economic volume as that of Russia’s, there is a huge complementation between both economies. Many of the products Argentina has as exporting surplus are needs for Russian growth, and many products of Russia complement needs to our economy” Kicillof said.

He described the bilateral relation “a matter of natural evolution of the world's economic structure and of the solid complementation that exists between the economies.”

What to read next

Paraguay doesn't want Argentine's nuclear plant at the border
Argentina plans flood control project with Dutch aid
Argentina and Mexico sign new 4-year automotive trade deal