PM, Argentine Prez agree to diversify bilateral trade basket

Holds wide-ranging talks with Argentine President Javier Milei, focusing connected boosting bilateral practice successful captious minerals, commercialized and concern and energy.

Prime Minister Narendra Modi and Argentine President Javier Milei connected Saturday agreed to diversify India-Argentina commercialized handbasket and vowed to grow practice successful a scope of captious areas specified arsenic defence, security, vigor and minerals. In their wide-ranging talks, the 2 leaders emphasised connected boosting defence practice betwixt the 2 countries arsenic it volition service each other's strategical interests.

Modi arrived successful Buenos Aires connected Friday connected a two-day travel successful the 3rd limb of his five-nation tour. Though Modi visited Argentina successful 2018 to be the G20 Summit, it is the archetypal bilateral sojourn to the South American state by an Indian premier curate aft a spread of 57 years.

In a societal media post, Modi said helium and President Milei discussed ways to diversify commercialized ties and heighten practice successful sectors specified arsenic agriculture, defence, information and energy.

“There is immense scope successful areas similar pharmaceuticals and sports arsenic well,” helium said. The PM described his gathering with Milei arsenic “excellent”.

“We are marking 75 years of India-Argentina diplomatic relations and 5 years since we elevated our narration to a Strategic Partnership," the PM posted connected X.

The India-Argentina bilateral commercialized has been connected an upswing. The commercialized measurement much than doubled successful 3 years from 2019 to 2022, peaking astatine $6.4 cardinal successful 2022. In 2021 and 2022, India was Argentina's 4th largest trading partner. In 2024, full yearly bilateral commercialized betwixt India and Argentina was $5.23 billion, positioning India arsenic Argentina's fifth-largest trading spouse and export destination. — PTI