Why in the News?
India Argentina Bilateral Relation – Prime Minister Modi held a bilateral meeting with Argentinian President Alberto Fernandez on the sidelines of the G7 Summit.
This wasthe first bilateral meeting between the two leaders.
They reviewed progress in implementing the bilateral Strategic Partnership established in 2019.
India – Argentina Relations
1 Political Relations
India – Argentina relations were elevated to the level of Strategic Partnership during the State Visit to India of the President of Argentina in February 2019.
India opened a Trade Commission in Buenos Aires in 1943, Which was later converted into one of the first Embassies of India in South America in 1949.
Argentina had established a Consulate in Calcutta in the 1920s, which was transferred to Delhi as an Embassy in 1950.
2. Economic and Commercial Relations
Bilateral Trade: The India-Argentina bilateral trade registered a historic peak of USD 57 billion in the year 2021, with a growth rate of 70% over 2020.
USD 1.4 billion worth of exports from India to Argentina and USD 4.3 Billion worth of imports by India from Argentina.
India became the 4th largest trading partner of Argentina in 2021.
Investments and joint Ventures: Several Indian companies have established operation in Argentina with a total investment of over USD 1 billion. Argentina’s investment in India stands at approximately USD 120 million.
India-Argentina Business Council: A bilateral Business Chamber, ‘India-Argentina Business Council (IABC)’ was formally launched in October 2020.
3 Cultural Relations and People-to-people Contact
Foreign Minister Felipe Sola Participated in the conclusion of the [email protected] celebration in Buenos Aires on 02 October 2020.
Earlier, on 2 October 2019, the then vice President Ms. Gabriela Marchetti, was the chief Guest at main function held at the Embassy of India in Buenos Aires to celebrate [email protected]
The Indian Embassy has been organizing cultural programmers, including ‘India Week’ and ‘India Days’ in prominent cities and provinces of Argentina.
As part of celebrations of the 160th birth anniversary of Gurudev Rabindranath Tagore, the Mission Published a book titled “Rabindranath Tagore: Visiones desde America Latina”.
It was published in collaboration with CARI (Argentine Council for International Relations), the largest Argentine think tank.
Gurudev Tagore had visited Argentina in 1924 and stayed for two months as the guest of Ms Victoria Ocampo, a well-known literary personality, writer and feminist.
A joint Production feature film, Pensando en el (Thinking of Him) on his visit was the closing film at the International Film Festival of India, Ga in November 2017.