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China, the EU and Latin America : current issues and future cooperation
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OpportunitiesandChallengesFacingChinaandMERCOSURintheContextoftheFinancialCrisis 05 inspectionandquarantine toremoveobstaclesintheabovementionedareasand tofacilitateandsecurebilateraltrade.Bothsidesarecommittedtolaunching initiativesto encourageand support mutualinvestmentin such areasas infrastructure energy minerals agricultureandindustry especiallyinhigh techandbiofuels.ThefruitfuleconomiccooperationbetweenChinaandBrazil hasbecomearolemodelforSouthSouthcooperation. 犛犻狀狅犃狉犵犲狀狋犻狀犲犆狅狅狆犲狉犪狋犻狅狀 SimilarprogresshasbeenmadeineconomiccooperationbetweenChinaand anothermajor MERCOSURcountry Argentina.When ChinesePresident Hu Jintaovisited Argentinain November2004 thetwocountriesreached consensusontheestablishmentanddevelopmentofastrategicpartnership.The ArgentinegovernmentrecognisedChinasmarketeconomystatus.Thetwosides signedtheFrameworkAgreementbetweenChinaandArgentinaonCooperation in the Peaceful Utilisation of Space Technology Memorandum of Understanding MOU ontheImplementationPlanofChineseTouristGroupsto Argentina anMOUonCooperationintheRailwayProjectandanMOUonthe EnhancementofExchangeandCooperationintheFieldofEducation. Whenitcomestothecommercialisationofsatelliteimagery Argentinacan provideawealthofsatelliteimagesfortheuseofagriculture forestry banks andinsurancecompanies municipalplanning oilandgas as wellas mine exploration. The Federal Society for Applied Research Investigaciones AplicadasSociedaddelEstado INVAP ), awellestablishedcompanyinthis area islookingforwardtocooperatingwithChina. Owingtothelackofinvestmentaftertheprivatisationofenergycompaniesin Argentina needsforoilandgasstorage warehousingandtransportationcanhardlybe met.Inordertotackletheproblemfromthegroundup theArgentinegovernment developedanewenergystrategyandimplementedaseriesofmeasures includingthe establishmentofagovernmentledenergyjointventure EnergíaArgentinaSociedad Anónima Enarsa .ThiscompanybelievesthatChineseoilcompanieshavesufficient capitalandtechnologytoparticipateinoilandgasexplorationandexploitationin Argentina.IthopestocooperatewithitsChinesecounterparts. InJuly2008 CherySocmaS.A. ajointventureformedbypartnersfrom China Argentinaand Uruguay announcedthattheentryintothe Argentine marketoftheCheryTiggosassembledinUruguayhadmetwithconsiderable success.Bycooperatingactivelywithlocalcompanies Cheryisgrowingtogether withitsforeignpartners tothebenefitofbothparties. Thecasespresentedhereshowclearlythedynamicofbilateraleconomic