English subtitles for clip: File:President Obama's Bilateral Meeting with President Cristina Fernandez de Kirchner of Argentina.webm

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President Obama:
Well, it is wonderful to be
joined by the President of

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Argentina, a great friend of not
only mine but the United States.

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We've spent a lot of time
together at the G20,

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and I have very much appreciated
the engagement and the passion

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that President Kirchner has
brought to the important global

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issues that we've
been discussing.

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Speaker:
(speaking Spanish)

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Obviously, there are a lot of
bonds between Argentina and the

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United States that
date back many years,

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and this is an excellent
opportunity for us to build on

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that history.

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We have a wide range of
areas of common interest and

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common concern.

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We'll be discussing the
possibilities of deeper

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cooperation on economics,
on trade, on science,

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on technology, and
on security issues.

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And we'll also have a chance to
discuss the upcoming Summit of

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the Americas in Colombia, and
how we can set an agenda that

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focuses on increasing prosperity
and employment and opportunity

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for people throughout
the Americas.

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So thank you so much, Madam
President, for meeting with me.

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And I want to congratulate
her on her recent election.

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Speaker:
(speaking Spanish)

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President Kirchner:
(speaking Spanish)

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President Kirchner:
(as interpreted)
Thank you very much,

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Mr. President.

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To me, as President of
the Argentine Republic,

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it is indeed a pleasure to
have a chance to meet you,

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and a great honor as well to
have this relationship with you.

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And, of course, the leadership
of the United States at the

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global level cannot
be overlooked,

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not just in the political field
but also in the economic field.

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And this meeting is
particularly significant to us.

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I would like to thank
you for your kind words.

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And I would like to say that the
G20 has proved a positive and

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fruitful meeting.

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We have had an opportunity to
discuss problems candidly and in

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a straightforward
and effective manner.

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So thank you once
again for that, too.

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President Kirchner:
(speaking Spanish)

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President Kirchner:
(as interpreted)
Allow me to say as well that the

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U.S. is a top foreign investor

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worldwide, needless to say, and
it is the second-largest foreign

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investor in Argentina,
after Spain.

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In fact, over 500 American
companies have settled down in

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Argentina, and 60% of those
companies actually figure among

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the 100 leading companies
of the United States.

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And they're also
flagship companies --

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I must mention that, too.

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It is a fact that the bilateral
trade and bilateral relations

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between our two countries
are extremely important for

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us as well.

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And although it is true that
nowadays the United States has a

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surplus as far as
Argentina is concerned,

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the figures that Argentina has
experienced in recent years

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through its accumulated growth I
daresay have also been positive

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for the balance of trade
in the United States,

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since as the industrialization
process resumed in Argentina we

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were obviously in need of
products with added value that

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we were able to purchase
from the United States.

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Let me mention, by the way, that
when President Kirchner took

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office in 2003, Argentina
still had a positive balance,

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and the difference was
$1 billion at the time.

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Of course, now the
figures have changed,

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and we're talking about $4.7
billion in favor of the United

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States this year -- the
surplus figures being that.

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I believe this will be an
excellent opportunity for us to

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discuss, as I was saying, our
bilateral and trade relations,

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and to look at ways to deepen
and enhance those relationships.

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Let me also stress that the
bonds between us are not just at

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an institutional but
also at a personal level.

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I know that both President Obama
and myself are big fans of

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science and technology
and innovation.

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In fact, I as President, created
the Minister of Science and

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Technology in Argentina.

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Very recently, we were very
pleased to receive a visit from

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NASA -- actually, Mr.
Charles Bolden came to see us.

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And the Argentine Republic has
recently launched a satellite in

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cooperation with NASA.

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And one of the features of this
satellite is that it can be used

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to measure the salinity of the
seas and the impact this has on

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climate change.

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And we also know this
is one issue that has made

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President Obama lose sleep
in recent times --

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and not just him,
but me as well.

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There are many other issues
and commonalities between us.

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Of course, international
security, drug trafficking,

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the fight against terrorism,
among other many areas of common

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interest that we both
consider important --

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and trafficking in persons,
I should mention as well.

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So we believe this will be
a wonderful opportunity for

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fruitful and positive
discussions between us.

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President Obama:
Thank you.