logo
Argentina loosens visa requirement for Chinese citizens

Argentina loosens visa requirement for Chinese citizens

Yahoo6 days ago
(Reuters) -Argentina said on Monday that Chinese citizens with valid U.S. entry visas would not need Argentine visas to enter the country for tourism or business, a loosening of requirements that comes amid warming ties between Beijing and Buenos Aires.
Argentina is a key supplier of products including beef, soy and lithium to the Chinese market and cooperation has deepened between the two countries in recent years.
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.
It comes after China in May extended its visa-free policy to citizens of Argentina as well as those of Brazil, Chile, Peru and Uruguay, putting some of Latin America's largest economies on equal footing with many European and Asian countries.
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 is Argentina's second-largest trading partner after Brazil and a key investor in infrastructure, energy and mining projects in the country.
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.
Solve the daily Crossword
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

An Amazon seller who earns seven figures is starting to make her product in the US due to tariffs. It'll cost more, but it's worth it after 'many sleepless nights.'
An Amazon seller who earns seven figures is starting to make her product in the US due to tariffs. It'll cost more, but it's worth it after 'many sleepless nights.'

Yahoo

time22 minutes ago

  • Yahoo

An Amazon seller who earns seven figures is starting to make her product in the US due to tariffs. It'll cost more, but it's worth it after 'many sleepless nights.'

Lisa Harrington is shifting 80% of her product catalog to a US-based manufacturer. The move is a response to Trump's tariffs on goods from China. It'll cost her more to produce in the States, but she says it's worth it for the peace of mind. As a full-time Amazon seller, Lisa Harrington relies heavily on her manufacturer. "They can make or break your business in terms of really producing something that's high quality," the founder of Purrfect Portal told Business Insider. Harrington, who started selling dog harnesses and, eventually, interior cat doors, found her first manufacturer through Alibaba, a popular online platform for sourcing products. She worked with them for about four years before pivoting to a different factory in China that her mentor referred her to. That switch happened nearly 10 years ago, and she wasn't planning to make any changes to her supply chain — until President Donald Trump announced tariffs on all imports from China to the US in early 2025. Moving 80% of her catalog to a US-based manufacturer Trump's flip-flopping on tariffs has left business owners feeling uncertain and vulnerable. "I've honestly just had so many sleepless nights over the tariffs," said Harrington, "I've been doing this for 10 years. I've never been in a scenario where my cost of goods could double overnight or triple overnight, and I just couldn't handle that stress anymore." The only solution to alleviate her stress was to onshore a number of her products. "Starting in October, 80% of our catalog is going to be made in the USA," she said, adding that the move "was not on my bingo card, but things are changing quickly." Producing in the States — specifically, in a factory she found in Rhode Island — is "definitely going to cost more," she said. But, it's peace of mind she's after. "Not having to obsessively look at Truth Social or The Wall Street Journal to see what's happening overnight with my business costs, it's just worth it." Harrington, who is a member of various e-comm networks, including the exclusive Million Dollar Sellers community, says most business owners she's spoken to don't have the option of switching manufacturers. "I'm one of the few people who can actually onshore," she said. "There are just so many people I know who can't. They just can't because the numbers just still don't make any sense." Transitioning to a new manufacturer is expensive and time-consuming. E-commerce entrepreneur Shan Shan Fu, who sells over 100 products on Amazon in the women's clothing and accessory space, told BI in May that switching suppliers isn't feasible for her. "The 100 products come from all different factories, so to change and have another factory in, say, Vietnam, replicate what many, many factories are already making, and making it at the same quality and level, is going to take years and years and years, and it would cost more money," she said. She added that most factories require a minimum order quantity: "So they'll say, 'We can't custom-make anything for you unless you order 2,000 pieces.' But if you're a small business, often you can't buy 2,000 pieces right away; you might buy 200, then 500, then 1,000, and you scale up slowly." For many small businesses, suddenly having to place a large order with new suppliers "just isn't doable," she said. "So, we don't have a lot of flexibility to leave China." Harrington, whose closable, plastic cat doors bring in seven figures in annual revenue, said she feels extremely lucky that the economics are working out for her. "I suspect it's because it's plastic. I suspect it's because I have good margins. I suspect it's because I found a really good factory. I feel like a lot of things aligned to make it possible for me to move over," she said. "But I don't know another single person who's doing this because either they can't find a factory or they've gotten prices from American factories, and it's still much more expensive to make it here than it is to deal with the tariffs." Read the original article on Business Insider Sign in to access your portfolio

Russia starts direct commercial flights between Moscow and Pyongyang
Russia starts direct commercial flights between Moscow and Pyongyang

Yahoo

timean hour ago

  • Yahoo

Russia starts direct commercial flights between Moscow and Pyongyang

MOSCOW (AP) — Russia on Sunday opened a regular air link between Moscow and Pyogyang, a move reflecting increasingly close ties between the two countries. The first flight operated by Russian carrier Nordwind took off from Moscow's Sheremetyevo airport carrying over 400 passengers. Russia's Transport Ministry said there will be one flight a month to meet demand. Russian Foreign Minister Sergey Lavrov, who visited North Korea's new Wonsan-Kalma beach resort earlier this month to meet with North Korean leader Kim Jong Un, promised to encourage Russian tourists to visit the complex. The resort, which can accommodate nearly 20,000 people, is at the center of Kim's push to boost tourism to improve his country's troubled economy. North Korea has been slowly easing the curbs imposed during the pandemic and reopening its borders in phases. But the country hasn't said if it would fully resume international tourism. Regular flights between Russia's eastern port city of Vladivostok and Pyongyang reopened in 2023 following a break caused by the coronavirus pandemic. Russia and North Korea have sharply expanded military and other ties in recent years, with Pyongyang supplying weapons and troops to back Russia's military action in Ukraine. The Associated Press

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store