With the presence of 26 leaders, the summit of the Shanghai cooperation organization in Tianjin showed the progress of a block that concentrates 23% of the world GDP. Cooperation between China and India, the sanctions of the United States and the impact on global trade pose strategic challenges for Argentina and the region.
Days ago, a SHANGHÁI Cooperation Organization Summit that brought together 26 Presidents that together represent 3.5 billion inhabitants and 23% of the world GDP. The meeting served as a space to dialogue on the impacts of the United States commercial measures to China and India, as well as the war in Ukraine and the Iranian nuclear program.
With vast experience in parades and monumental events, China sought to impact – as a whole with the military parade made in Beijing – once again in an image of political and military force. In a context of weakening of international institutions, reprisals and rupture of agreements, China emerges as the natural leader of an alliance of countries that questions the order of the West and is reinforced inward.
This alliance was especially strengthened with the presence after seven years of the Indian President, a nation that together with China buys Russia oil. Greater cooperation between these two giants with the two largest populations in the world can jeopardize the intensity of cooperation with other regions of the world.
China Peru
Peru Presidency
Despite the indifference that an encounter of this size in the local press, This realignment and agreements of the highest level impacts the already Argentine region, Studying their movements and scope is vital if we understand that its participants are the largest buyers of our exports and the impact of these bars can twist towards other strategic investments spaces and leave us further from the possibility of negotiating for our interests.
Both at security, political and economic, The summit had a symbolic and concrete effect on the reinforcement of pragmatic alliances that imply important businesses, provisioning of key supplies and mutual international support in the face of a weaker influence of the United States and the EU. This is also played in parallel with the tariffs that the US put to countries such as India of 50% in reprisal for buying oil from Russia that has sanctions for war with Ukraine. A moving movement and that of China strengthens economic and financial exchanges in this alternative alliance to hegemonic.
In a movement of the center out, China continues to promote the internationalization of its RMB currency for commercial transactions As with its neighboring countries and seeks to continue expanding, in addition to its CIP Payment System, alternative to SWIFT and the adoption of Chinese banks and products marketing.
An agenda is being defended by the economies of emerging countries with overpopulations and alignment in relation to the global south And Argentina has to dialogue pragmatically to anticipate changes in an agenda, understand what you can offer and how to do it.
Executive Director of the Chinese Chamber
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
