India- Argentina held Foreign Ministerial-level talks on Covid-19 challenges, pharma trade, mining, defence, nuclear and area points on Friday, wherein Jaishankar and Santiago Cafiero, the Argentinian Foreign Minister, mentioned bilateral cooperation from commerce to worldwide multilateral boards.
“With the Republic of India, we work to enhance technological cooperation and Lithium investments.In dialogue with your canceller @DrSJaishankar, reiterated our support for the proposal for the temporary suspension of patents for vaccines and medicines for Covid-19,” Cafiero tweeted, after having a digital dialog with his Indian counterpart on Friday.
There have been exchanges on the highest stage between the 2 international locations. The final state go to from Argentina to India was by President Mauricio Macri in February 2019. Earlier, President Cristina Fernandez de Kirchner paid a state go to in 2009. From India, Prime Minister Narendra Modi visited Buenos Aires to attend the G20 summit in November 2018.
The India-Argentina bilateral trade registered a historic peak of $3.31 billion in 2020, with a development charge of 11.5 per cent improve in comparison with 2019, with $801 million value exports from India to Argentina and $2.51 billion value imports by India from Argentina.
As per Directorate General of Foreign Trade, India-Argentina bilateral trade for the fiscal yr 2020-21 was $3.31 billion, with India’s exports to Argentina valued at $687.84 million and Argentina’s exports to India valued at $2.62 billion.
Major gadgets of India’s exports to Argentina embody petroleum oil, agro chemical substances, yarn-material-made ups, natural chemical substances, bulk medication and two-wheelers whereas the main gadgets of India’s imports from Argentina embody vegetable oils (soya bean and sunflower), completed leather-based, cereals, residual chemical substances and allied merchandise and pulses.