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Macri, Xi seal infrastructure deals worth billions of dollars

Staff Writer |
President Mauricio Macri and Chinese counterpart Xi Jinping have signed 16 agreements worth at least $17 billion in areas such as energy and transport infrastructure, confirming the government’s intere st in working with Beijing.

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Macri’s visit to China, part of the “One Belt, One Road” trade initiative, came after an earlier stop in the United Arab Emirates and subsequent travel to Japan for another round of agreements. Macri is the first Argentine president to visit Japan in nearly 20 years.

The president’s tour has been based on securing public and private investment in Argentina and promoting the country for trade and business opportunities among Asian stakeholders.

“In China we felt that we took a very positive step forward, this is the third time in less than 18 months that I meet with Xi Jinping and we have been able to create a personal relationship, and that is always important, and above all there has been an increase in confidence between both countries, between both governments” said Macri as he wrapped up the China meetings, heading to Japan.

Foreign Minister Susana Malcorra noted that over the next five years, the agreements signed with China could amount to investment worth $32 billion from Beijing.

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