A Chinese trade delegation will arrive in Buenos Aires this week with the purpose of exploring investment opportunities in Argentina. The group will consist of 15 high-ranking officials and representatives from major Chinese companies involved in various sectors such as soybean processing, infrastructure, energy, transportation, finance, electronics, and telecommunications.
This approach comes amid the trade dispute sparked by U.S. President Donald Trump and following the recent visit to Argentina by Scott Bessent, U.S. Treasury Secretary, who supported President Javier Milei. Also, Alvey Hosley, head of U.S. Southern Command, was recently in the country.
One important aspect of the mission is the renewal of the swap between the People's Bank of China and the Argentine Central Bank worth US$ 5 billion, which is strategically relevant for the reserves of the South American country. The Chinese delegation, in addition to business representatives, will be led by members of the China Council for the Promotion of International Trade and the China International Chamber of Commerce.
The agenda for the visit will include various meetings, including a cocktail event with authorities from the aforementioned Chinese organizations alongside CEOs of prominent Argentine companies such as Bagó, Molino Cañuelas, Biosidus, and ICBC, among others. China's goal is to diversify its markets in light of the decrease in exports to the U.S. due to tariffs imposed by this country, which are beginning to affect manufacturing activity in China.
Among the Chinese companies that will participate in the delegation are Sinograin Oils Corporation, China CO-OP Cereals and Oils, CRCC, Power Construction Corporation of China, Hisense, and ZTE, each with significant projects and investments in Argentina in the mentioned sectors. With China being one of the largest suppliers of goods to Argentina, the arrival of this trade mission aims to further strengthen trade ties between the two countries during times of global turbulence.
