India-Argentina Partnership Expands into Defence, Minerals, and Energy Sectors
India and Argentina are advancing their bilateral trade relationship, now nearing USD 6 billion, with a focus on critical minerals, energy, and defence. This strategic partnership seeks to diversify economic engagement beyond traditional agricultural commodities into higher-value sectors.
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Bilateral trade between India and Argentina has grown significantly, reaching over USD 6 billion in 2025, marking a 100% increase over six years. Key areas of cooperation include critical minerals, particularly lithium, where India aims to secure a reliable supply chain for its electric vehicle sector.
Argentina's strengths in energy resources and mining are pivotal for this partnership. Additionally, the India-Mercosur Preferential Trade Agreement is under review for modernization to enhance trade across various sectors.
Opportunities in defence technology and aerospace collaboration are also being explored, supported by existing projects such as the Radioisotope Production Plant in Mumbai. This evolving relationship indicates potential risks and opportunities as both nations navigate the complexities of international trade and resource management.
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