European Commission President Ursula von der Leyen and the President of Argentina, Alberto Fernandez, signed a Memorandum of Understanding in Buenos Aires Tuesday to establish a partnership between the EU and Argentina on sustainable raw materials value chains.

The agreement aims to ensure the development of a secure and sustainable supply of raw materials necessary for the clean energy and digital transition, said an European Commission statement.

It also aims to develop a sustainable raw materials industry, and to support the creation of local added value, quality employment and sustainable and inclusive economic growth, to the mutual benefit of both sides.

President of the Commission, Ursula von der Leyen, said: "I am glad to sign this partnership between the EU and Argentina for the development of sustainable raw materials value chains. This is truly win-win." "It is a big step forward for the EU's climate ambitions and it is beneficial to Argentina as a key global player in the clean energy transition. A partnership based on shared commitments to a greener, digital and more resilient future for all," she added.

In recent days Von der Leyen is touring Latin American countries Brazil, Argentina, Chile, and Mexico to strengthen bilateral relations.

Source: Kuwait News Agency