The decision by President Javier Millei was made to boost tourism and “deactivate” mechanisms which have “impeded the free development of Argentina’s economy, of which tourism is a strategic area,“ according to a statement on the Argentine government’s website.
In line with the exemption adopted by China, it is “deemed appropriate to adopt equivalent measures for Chinese nationals holding ordinary passports who enter for tourism and business purposes,“ the statement said.
China has also extended a multi-billion dollar swap line to Argentina, mollifying billions of dollars in repayments that the Latin American nation needs to pay in the coming months.
Argentina is also part of China's Belt and Road Initiative, which it joined in 2022. - Reuters
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