The Minister of State for Europe and the Americas, Foreign and Commonwealth Office, Sir Alan Duncan, visited Argentina on 12 and 13 September. The principal reason for the visit was to enhance bilateral consultations with the Argentine Foreign Ministry and attend the Business and Investment Forum organised by the Argentine government.
It was highlighted that Argentina and the UK had agreed to work to significantly increase bilateral trade, as demonstrated by the recent visits focused on trade and assistance to companies and investments in order to capitalise on commercial and investment opportunities, which includes sharing advice and experience in Public Private Partnerships.
Both countries committed to work jointly to strengthen cooperation between governments and the private sector in the area of investments, promoting Foreign Direct Investment in both directions and developing commercial links. Additionally they resolved to identify investment opportunities in each country with a particular focus on areas such as infrastructure, energy and mining. The UK welcomed the initiative of President Macri for organising the Business and Investment Forum attended by more than a thousand representatives of local and foreign companies.
In a positive spirit, both sides agreed to set up a dialogue to improve cooperation on South Atlantic issues of mutual interest. Both governments agreed that the formula on sovereignty in paragraph 2 of the Joint Statement of 19 October 1989 applies to this Joint Communique and to its consequences.
In this context it was agreed to take the appropriate measures to remove all obstacles limiting the economic growth and sustainable development of the Falkland Islands, including in trade, fishing, shipping and hydrocarbons. Both parties emphasised the benefits of cooperation and positive engagement for all concerned.
Source: GOV.UK
