China and Argentina resume joint venture for space exploration | HT Tech

China and Argentina resume joint venture for space exploration

The two countries will cooperate in the development of ships and other instruments for space exploration, as well as land infrastructure to launch and control space missions and satellites, according to an agreement published in Argentina’s official gazette on Friday

By:BLOOMBERG
| Updated on: Aug 09 2020, 02:00 IST
A United Launch Alliance Atlas V rocket carrying NASA's Mars 2020 Perseverance Rover vehicle takes off from Cape Canaveral Space Force Station in Cape Canaveral, Florida. 
A United Launch Alliance Atlas V rocket carrying NASA's Mars 2020 Perseverance Rover vehicle takes off from Cape Canaveral Space Force Station in Cape Canaveral, Florida.  (REUTERS)

China and Argentina have resumed plans to work together on outer space exploration in a sign of the Asian nation's growing influence in the administration of President Alberto Fernandez.

The two countries will cooperate in the development of ships and other instruments for space exploration, as well as land infrastructure to launch and control space missions and satellites, according to an agreement published in Argentina's official gazette on Friday. The deal has been in effect since July 24, according to the publication, which says all space exploration shall have peaceful intention.

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A Foreign Ministry spokesman confirmed to Bloomberg News that the deal is now in effect.

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As part of the negotiations, Argentina has already allowed China to build a 494-acre (two square kilometers) space station in the country's Neuquen province, in Patagonia. The land where the station stands was granted to the Chinese in 2012, for 50 years.

Initial agreements for space exploration had been signed with China in 2012 and 2015 during the government of Cristina Fernandez de Kirchner. They stalled during the administration of President Mauricio Macri, who sought to restore relations with the U.S. Now that Fernandez is Kirchner returned to the government as vice president, the deal is moving forward again.

It calls for the two countries to exchange data, research findings, academics and create a sub-committee led by officials from both sides. The Argentine government's space unit, CONAE, will collaborate with its Chinese counterpart, CNSA.

The agreement comes as Argentina and China renewed on Thursday an existing currency swap line that bolsters the South American country's foreign reserves. The swap line is worth 130 billion yuan ($18.7 billion). The Foreign Ministry spokesperson said it was a coincidence that the two announcements came in the same week, citing bureaucratic delays in the space deal.

Written by Patrick Gillespie.

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First Published Date: 09 Aug, 02:00 IST
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