Representatives from over 100 Argentine companies will be involved in talks in Russia to increase the export of goods by the South American country to Russia on Monday and Tuesday.
The mission includes a total of 114 firms in sectors such as food and beverage, goods and services, oil and gas, pharmaceutical, bovine genetics, technology for cooling and freezing of meat and agricultural machinery.
The business meeting is part of the Program for Growth and Diversification of Exports (Padex) which aims at increasing Argentine exports.
In late August, Russian Agriculture Minister Nikolai Fyodorov, said Russia is ready to increase imports of meat and fruits from Argentina to replace the products that the United States and its Western allies have embargoed. Moscow has also banned many products coming from the West in retaliation, which has the possibility of creating a shortage that they will look to rectify by buying from other nations.
Talking about trade with Russia, Cabinet Chief Jorge Capitanich said last month that, "A path has been opened, a window of opportunity for nearly $18 billion.”
With the accords, Argentina "is reaffirming its status as food supplier to 400 million people at present and the world's fifth-largest (food) exporter," said Capitanich according to EFE.