During the summer of 2010, it would be understandable if interested observers of global affairs are swept up in summit fever. The twin G8/G20 summits in Canada late June and the meeting of the G20 proper which is to commence in South Korea in November 2010 have understandably turned the attention of international analysts to global summitry.
Relations between Argentina and China are flourishing. The Asian giant has become one of Argentina's main export markets. This does not mean there are no hiccups along the way. The burst of Chinese products into Argentina has triggered some pushback, and the government of President Cristina Fernández has attempted to stem the flood of “made in China” in the pampas. In response, Beijing has put a limit on Argentine soja sales to China. Enter India, which promptly announced it would step up its imports of Argentine soja to 1.7 million tonnes (for $1.1 billion). India will thus displace China as Argentina's main buyer of soja. Not surprisingly, Argentina's Agriculture Minister Julián Andrés Domínguez recently visited Delhi, where he signed a number of agreements with his counterpart, Sharad Pawar.
CIGI Senior Fellow Gregory Chin says the experience of previous international financial crises suggests that we should not expect too much from upcoming G20 summits -- especially in the absence of the pressure of a global financial system in freefall.