BUENOS
AIRES, April 22 (Xinhua) -- China's ambassador to Argentina, Yang Wanming,
suggests Latin American nations make the best use of the financing offered by
China as part of integral bilateral cooperation.
"The
Chinese government has established a line of credit amounting to 20 billion
U.S. dollars, exclusively to fund infrastructure projects in Latin American
countries," said Yang, addressing a seminar on China-Argentina relations,
organized by the Political, Economic and Social Studies Foundation for the New
Argentina (FEPESNA) in Buenos Aires.
In
addition, China has helped create the China-Latin America Cooperation Fund,
financed with 5 billion U.S. dollars, and another 50 billion-dollar fund
especially for joint agricultural projects between the two regions.
"I
think Latin American entrepreneurs can make the most of the opportunity to
strengthen their connection with their Chinese counterparts," said Yang.
The
ambassador invited participants "to explore the potential for cooperation,
by taking advantage of institutional mechanisms."
To that
end, said Yang, China and LatAm countries are working to organize a business
forum "to promote bilateral economic and investment cooperation," as
well as "expand industrial cooperation" and "jointly take the
global industrial chain to a higher level."
In the case
of Argentina, said Yang, "many pioneering bilateral projects have been
launched with the help of cooperation financing," and more opportunities
lie ahead, as both two nations pursue their national development goals.
To spur
economic development, "in China today we give greater importance to
quality, efficiency and intensive development," said Yang. "At the
same time, Argentina's government is working on modernizing, implementing the
'Argentina 2020' development strategy."
"The
similarity in objectives and development orientation, as well as the
complementarity of the conditions and necessities of both countries, offer
Sino-Argentinean cooperation an immense market, exceptional investment
opportunities and greater potentialities," said the ambassador, adding
bilateral relations are expected to "move forward at great strides."
"Thanks
to the parallel development of mutual investment, financial cooperation and the
creation of institutional mechanisms, the economic and trade ties between the
two countries have increasingly become integrated," Yang told the seminar
participants.
"We
are willing to continue diversifying the portfolio of imports from Argentina,
and working with you to promote other businesses, to increase the added value
of bilateral trade," Yang said.
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