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Argentina won't push companies to buy from China: top diplomat

 


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style="background-color: white; color: #333333; font-family: Georgia, Times, "Times New Roman", "serif"; font-size: 18px;">TOKYO -- Argentina's government will not tell companies to trade with China, Foreign Minister Diana Mondino said Friday, arguing such decisions should be left to the private sector in a change of stance from the previous administration.

"It is only private companies that buy or sell from Chinese companies," the foreign minister said in an interview. "The Argentine government should not interfere as in the past with the previous government deciding from whom to buy, what to buy, what price."

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style="background-color: white; box-sizing: border-box; color: #333333; font-family: Georgia, Times, "Times New Roman", "serif"; font-size: 18px; line-height: 28px;">Mondino, who was appointed by libertarian President Javier Milei, was in Tokyo on her first official visit to Japan, during which she met with Japanese counterpart Yoko Kamikawa on Thursday.

Under the previous left-wing president, Alberto Fernandez, Argentina began trade settlements in yuan as it deepened ties with China.

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style="background-color: white; box-sizing: border-box; color: #333333; font-family: Georgia, Times, "Times New Roman", "serif"; font-size: 18px; line-height: 28px;">The Fernandez government also set Argentina on a course to join the BRICS group of Brazil, Russia, India, China and South Africa, which agreed last year to expand their membership. Milei has reversed that planned entry.

The BRICS "is more of a political relationship," Modino said. "And there we do not agree."

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style="background-color: white; box-sizing: border-box; color: #333333; font-family: Georgia, Times, "Times New Roman", "serif"; font-size: 18px; line-height: 28px;">"There is not much for us to gain from working together with some countries that are not liberal democracies," she said.

Mondino also expressed skepticism toward the idea that the "Global South" -- the world's developing countries and emerging-market economies -- can speak with one voice. India, Brazil and some other countries have sought to position themselves as its leading representatives.

"I think it has been greatly exaggerated," she said.

Members of South American trade bloc Mercosur, such as Brazil and Paraguay, have shown a welcoming attitude toward negotiating an economic partnership agreement between the group and Japan.

"I hope we can start exploring a dialogue" with Japan, Mondino said.

"We really believe that Argentina should open up for trade," she said. "Free trade agreements are the best option."

"We need other countries in pursuit to believe the same," she said of Argentina's Mercosur partners.

Argentina has "incredible energy resources" and can help Japan with energy transition and food security, Mondino said. She called for investment from Japanese companies in a wide range of fields, citing Bridgestone, which has expanded into the country.

On foreign policy, Milei has vowed to move Argentina's embassy in Israel from Herzliya to Jerusalem.

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style="background-color: white; box-sizing: border-box; color: #333333; font-family: Georgia, Times, "Times New Roman", "serif"; font-size: 18px; line-height: 28px;">"It is definitely not a formal decision," Mondino said.

"The presence of Argentina in Israel is very long term, actually from the very first day," she said. "Argentina has supported the existence of Israel and supported a two-state solution."

Milei's administration is struggling to legislate a sweeping reform agenda because his coalition lacks a majority in the National Congress.

"We are allowing people to decide their own time schedule for work, we are allowing people to ... use their maternity leave period, we're allowing people to decide when to divorce, how to divorce," Mondino said, emphasizing the significance of the reform efforts. "Can you imagine that those [are] regulated by the government?"

She expressed confidence that the reforms will succeed.

"But let's say I'm wrong.," she said "Let's say people do not willingly accept it. What are the options?"

"Who's going to pay for the things we were having before? ... Once people taste freedom ... I strongly believe they will be happy."

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