With Currency Swap, Argentina Becomes Dependent on China

With Currency Swap, Argentina Becomes Dependent on China
Argentine President Cristina Fernandez de Kirchner with Chinese President Xi Jinping at the Casa Rosada presidential palace in Buenos Aires, Argentina, July 18, 2014 (AP photo by Victor R. Caivano).

Earlier this month, Argentina received $400 million from the People’s Bank of China as the fourth installment of an $11 billion currency swap agreement with China. In an email interview, Eduardo Daniel Oviedo, professor of political science and international relations at the National University of Rosario in Argentina, discussed Argentina’s relations with China.

WPR: What are the main areas of cooperation between China and Argentina, and what are the areas of contention?

Eduardo Daniel Oviedo: Politics, trade, investment and migration are the main areas of cooperation between China and Argentina. Mutual support on the issues of the Falkland Islands—known in Argentina as the Malvinas—and Taiwan; a strategic defense alliance; growing trade and investment; and the number of Chinese citizens living in Argentina are examples of the progress in the bilateral relationship.

Keep reading for free!

Get instant access to the rest of this article by submitting your email address below. You'll also get access to three articles of your choice each month and our free newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having a personal curator and expert analyst of global affairs news. Subscribe now, and you’ll get:

  • Immediate and instant access to the full searchable library of tens of thousands of articles.
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday.
  • Regular in-depth articles with deep dives into important issues and countries.
  • The Daily Review email, with our take on the day’s most important news, the latest WPR analysis, what’s on our radar, and more.
  • The Weekly Review email, with quick summaries of the week’s most important coverage, and what’s to come.
  • Completely ad-free reading.

And all of this is available to you when you subscribe today.