In this regard, he pointed out that it is a country with which Argentina “has had bilateral relations for a long time, and is now trying to strengthen those economic and commercial relations.”
Cafiero highlighted that in the first nine months of the year, “We already have the record for exports to Saudi Arabia, with almost US$1 billion in exports”and added that there “a balanced trade, balanced, of US$2,000 million in commercial terms, which opens up many possibilities” for Argentina.
In that sense, he specified that the possibility is “not only for the food productionbut also for development, for technology application in the production”.
Bilateral relations with Saudi Arabia
The official said that with that country they are allowed to develop not only the agribusiness sectorbut also “the branch of the pharmaceutical sector”.
“They (for Saudi Arabia) began to work on an unconventional gas formation similar to the one we have in Vaca Muerta, where we have already been working for twelve years developing this type of technology,” the foreign minister said, for which he maintained that “important business opportunities are opening up for Argentine companies”.
He also added that they discussed the satellite policy of ArgentinaY “the joint development that can be done with the space agencies of both countries”.
On the other hand, they discussed the possibility of carrying out “a joint venture with Saudi Arabia for one fertilizer plant in Bahía Blanca”, and also regarding the work that is being promoted “in relation to the use of peaceful nuclear technologyfor example, for the treatment of cancer from the use of this energy”.
It was also made up of:
- The Secretary of International Economic Relations, Cecilia Todesca Bocco
- The Argentine ambassador to Saudi Arabia, Guillermo Nielse
- The Secretary of Agriculture, Juan Bahillo, among others