Region:
Argentina
Category:
Politics
Article type:
Opinion

India and Argentina begin a new era

Region:
Argentina
Category:
Politics
Article type:
Opinion
Author/s:
By Dr. Christian W. Meniw
Publication date:
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Increasingly bilateral interest and the proof is the recent visit was organized by the Indian Embassy and Foreign Ministry attended by over 140 entrepreneurs to India Conclave Latin America, and the visit of parliamentarians to our country

Between Argentina and India were separated 15,927 kilometers, but by virtue of what is observed especially in the past two years with respect to their bilateral relationship, we are closer every day; Proof of this are confirmed by the work of our Ambassador of India in Argentina Shri Amarandra Kathua, creating the first Chamber of Commerce Indo Argentina in India located in Chandigarh - Punjab in India whose President is His Excellency Ambassador for India & SAARC International Commission on Human Rights and President of the Chamber of Commerce Indo Argentina in India Dr Prithvi Singh Ravish (HE Dr. Prithvi Singh Ravish Ambassador-at-Large (IHRC) to India & SAARC and Executive Chairman cum Managing Director of Indo Argentina Chamber of Commerce) which has headquarters in Argentina, and the recent opening of the Parliamentary friends of India by the deputy Juan Carlos Diaz Roig whose vision is also boosting bilateral relations, so it has a project called SUR SUR .

All actors described above play an essential to strengthen ties, since they are well aware of what it offers Argentina and India's role. On October 31, the House of Representatives had a first official visit by a delegation of Parliamentarians of India consisted of newly elected lawmakers, led by the Minister of Parliamentary Affairs, Textiles, Water Resources and Recovery of the Ganges River, the Lord Santosh Kumar Gangwar and additionally seven MPs representing seven national parties of India, Secretary, Ministry of Parliamentary Affairs, Shri Afzal Amanullah and Ambassador of India to Argentina, Shri Amarendra Khatua. At that meeting the key points for the development of greater bilateral trade amplitude were treated, there was talk of mutual support that both countries have and the relationship remained Molina Campos Rabindranath Tagore, also became formally the intention that it meeting be held in India in February next year for a parliamentary official visit to India.

Increasingly bilateral interest and the proof is seen was the recent visit organized by the Indian Embassy and Foreign Ministry attended by over 140 entrepreneurs to Conclave India Latin America and the visit of the delegation of parliamentarians from India mentioned above it still accentuates the relationship. We are in an ideal point because we have an embassy in India has great vision on the future relationship of the two countries also have block of the Parliamentary Friends of the Senate and House of Representatives of India and the Chamber of Commerce Indo Argentina, both newly formed, together with other small entities that also work in India and Argentina relationship.

All this results in that work thinking about the short, medium and long term, not just on where they can be supplemented as agriculture, technology and joint ventures, but also areas where we should focus future as tourism, education, sports and outsourcing Argentine companies. It is necessary not to forget who will be the leader in 2050 and this will be India. Currently the relationship to trade between Argentina and China has doubled since 2009, reaching 1.937 billion dollars in 2013, with strong surpluses for our country. India also stands out as an investor weight on the global stage. During 2012 and 2013, Latin America received more than 25,000 million dollars in investments Indian companies, which means 11% of the investment flow in the country. Currently 14 major Indian firms operating in Argentina.

The trade balance last year involving the exchange of goods and services of $ 1.795 million, with a credit balance for Argentina 405 million comprising exports of 1.100 billion and imports 695 million. Bilateral trade was a jump of 107.38 percent in 2010, when it totaled 2.530 billion, with a surplus of 1,530 million due to exports 2.030 billion, boosted by soybean oil, which settled in Argentina India as a result of the decline in product sales to China, derived from the ban on imports of Chinese Barbies our country.

Argentina now mainly organic chemicals day care equipment sound systems, auto parts, machinery, textiles, synthetic fibers, clothing, plastics, dyes and steels.

The main products are India buys the world crude oil, gold and silver, electronics, pearls and precious stones, non-electrical machinery, organic and inorganic chemicals, coal, coke and briquettes, auto parts, minerals and ferroalloys, iron and steel.

Argentina's Techint, Impsa, Biosidus, Bago and Arcor have investments in India, while in Argentina there are 21 Indian companies capitals of steel, agriculture, agrochemical, chemical, computer items, vehicles, water pumps and air, drugs, cosmetics, transportation, tractors, oil and energy, and infrastructure consulting.

If we all work together and we all have the same vision can do great things in the future, but much depends on each of us to be connected. If we work in collective thinking and not individual interests, studying daily on a market that is amazing from anywhere you look at it, every day we are closer to the future. Think positive always looking ahead without anything or anyone stop us because India beckons.

Namaste!

Traslation Belén Zapata