2024-01-29 17:13:27
The United Kingdom will offer trade improvements to President Javier Milei in exchange for maintaining calm in the conflict over the Malvinas, according to reports from the British media Express. The proposal comes following a meeting between Milei and former British Prime Minister David Cameron at the World Economic Forum in Davos. How this agreement will affect bilateral trade.
The British Trade Secretary will seek to strengthen the commercial relationship with Argentina, offering economic improvements to President Milei. According to Whitehall sourcesthis strategy aims to prevent Milei from “pressing the Falklands button” and maintain cordial relations.
It all arose following the previously announced meeting between Milei and Cameron, which resulted in a joint photograph at the World Economic Forum. According to the Express note, Economic diplomacy became a key tool, and the United Kingdom sees Milei’s government as a potential ally once morest Chinese influence in the region.
At the meeting, Milei and Cameron publicly agreed to disagree on the Falklands, but sources indicate that Milei is expected to keep the issue on the back burner as he addresses domestic economic challenges. In turn, the United Kingdom sees Argentina as a strategic partner and seeks to strengthen trade cooperation.
Trade between the UK and Argentina saw a significant increase, reaching a record value of £2.2 billion last year. With £900 million in exports and £1.3 billion in imports, both sides are looking to expand trade and open new markets.
In this sense, the British proposal points to a substantial improvement in the bilateral trade relationship. An upcoming meeting at the ministerial level is expected to discuss details and strengthen economic ties between both countries.
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