The Power of Soy: President Cristina Kirchner strengthens commercial relations between Argentina and China

• Argentine president Cristina Fernández recently travelled to China to attempt to solve the soy oil controversy between the two countries. For weeks, China has been blocking the commodity from entering the country in retaliation against anti-dumping measures that Argentina has applied against Chinese imports.

After months of delay, President Cristina Fernández Kirchner of Argentina traveled to China on July 11th to discuss economic issues affecting the two countries. China is Argentina’s largest commercial partner after Brazil. The primary purpose of this meeting was to convince China to lift the now two-month blockade against Argentine soy oil. However, the most significant occurrence of the meeting was the signing of an investment agreement that will boost mining and railroad infrastructure in Argentina through the import of Chinese goods. Though this is seen as a successful agreement in terms of Argentine interests, both countries, but especially Argentina, are suffering from the ongoing soy oil dispute.

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This analysis was prepared by COHA Research Associate Azul Mertnoff