OpportunitiesandChallengesFacingChinaandMERCOSURintheContextoftheFinancialCrisis 3 05 inspectionandquarantine , toremoveobstaclesintheabovementionedareasand tofacilitateandsecurebilateraltrade.Bothsidesarecommittedtolaunching initiativesto encourageand support mutualinvestmentin such areasas infrastructure , energy , minerals , agricultureandindustry , especiallyinhigh techandbiofuels.ThefruitfuleconomiccooperationbetweenChinaandBrazil hasbecomearolemodelforSouthSouthcooperation. 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 a consensusontheestablishmentanddevelopmentofastrategicpartnership.The ArgentinegovernmentrecognisedChinasmarketeconomystatus.Thetwosides signedtheFrameworkAgreementbetweenChinaandArgentinaonCooperation in the Peaceful Utilisation of Space Technology , a 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 ), awellestablishedcompanyinthis area , islookingforwardtocooperatingwithChina. Owingtothelackofinvestmentaftertheprivatisationofenergycompaniesin Argentina , needsforoilandgasstorage , warehousingandtransportationcanhardlybe met.Inordertotackletheproblemfromthegroundup , theArgentinegovernment developedanewenergystrategyandimplementedaseriesofmeasures , includingthe establishmentofagovernmentledenergyjointventure , EnergíaArgentinaSociedad Anónima ( Enarsa ) .ThiscompanybelievesthatChineseoilcompanieshavesufficient capitalandtechnologytoparticipateinoilandgasexplorationandexploitationin Argentina.IthopestocooperatewithitsChinesecounterparts. InJuly2008 , CherySocmaS.A. , ajointventureformedbypartnersfrom China , Argentinaand Uruguay , announcedthattheentryintothe Argentine marketoftheCheryTiggosassembledinUruguayhadmetwithconsiderable success.Bycooperatingactivelywithlocalcompanies , Cheryisgrowingtogether withitsforeignpartners , tothebenefitofbothparties. Thecasespresentedhereshowclearlythedynamicofbilateraleconomic
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