Argentine President Jorge Refael Videla arrived in Japan on Monday (8 October) for a five-day state visit.
Argentine President Jorge Refael Videla arrived in Japan on Monday (8 October) for a five-day state visit. The main aim of his visit is to increase bilateral economic co-operation and he is expected to seek Japanese aid for the expansion of industry in Argentina.
SYNOPSIS: Soon after his arrival President Videla was received by Japan's emperor Hirohito. The President was introduced to Prince Takamatsu and prime Minister Masayoshi Ohira.
This is the first visit by an Argentine President to Japan since 1961. President Videla is expected to take the opportunity during his stay to sign contracts for loans totalling 11.9 billion yen (52 million dollars U.S.) to help develop the South American nation's economy. Several bilateral agreements are also expected to be signed covering technical co-operation the prevention of double taxation, and the raising of a ten-year bond of between 15 and 20 billion yen (67 to 89 million dollars U.S.) on the Japanese capital market. Japan and Argentina are also expanding the field of trade with agricultural products and meat from agricultural products and meat from Argentina and machinery from Japan as the main items.
Many Japanese have emigrated to Argentina and are already making an active contribution to the country's industrial growth. But President Videla is hoping that Japan will be able to help boost his country's industrialisation programme even further.