Argentina: Foreign Relations

Foreign, Commonwealth and Development Office written question – answered at on 23 May 2024.

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Photo of Lord Wigley Lord Wigley Plaid Cymru

To ask His Majesty's Government what steps they are taking to improve economic ties between the UK and Argentina.

Photo of Lord Ahmad of Wimbledon Lord Ahmad of Wimbledon Minister of State (Foreign, Commonwealth and Development Office)

We have a growing economic and trading relationship with Argentina. Bilateral trade surpassed £2 billion in 2023 and there are over 120 UK subsidiaries operating in Argentina across various sectors including food and drink, agricultural technology, financial services and transport. The Foreign Secretary had a productive meeting with President Milei at the World Economic Forum in January and with Foreign Minister Mondino at the G20 in February. We continue to work with the Milei administration to deepen our economic relationship in areas of mutual interest, taking advantage of opportunities to increase bilateral trade and investment.

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