President Alberto Fernández and European Commission President Ursula von der Leyen have signed a memorandum of understanding (MoU) on energy co-operation that seeks to boost energy trade between Argentina and the European Union. Inked just before the start of the EU-CELAC (Community of Latin American and Caribbean States) summit, the memorandum states that both parties will support investment to increase energy trade between Argentina and the EU. The possibility of an energy memorandum between Argentina and the EU first emerged during bilateral talks on energy in Buenos Aires in June 2022. While the European bloc was facing an energy crisis because of the war in Ukraine, Argentina was seeking to develop its reputation as a sustainable and trustworthy energy provider, the Presidency source said. This MoU comes a month after Fernández and von der Leyen signed a memorandum to expand cooperation on sustainable value chains of critical raw materials.

Source: Bueno Aires Herald July 17, 2023 13:40 UTC