Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether his Department has made an assessment of the implications for (a) his policies and (b) bilateral trade relations of Argentina’s most recent debt repayments to international bondholders.

The UK Government continually monitors international economic developments and is aware of the domestic reforms that the Argentine government is undertaking and their most recent debt repayments. The UK is working with Argentina to strengthen our trade relationship – worth £2 billion in the 12 months to June 2024. In October 2024, the Secretary of State met his Argentine counterpart, the first ministerial meeting between trade ministers since 2019 and agreed to work together in areas such as services, customs, and education.