We are confident about better cooperation in the coming years

"We are confident about better cooperation in the coming years," he added.

The agricultural industry in Argentina is particularly interested in attracting more Chinese investments, said Julian Dominguez, the agriculture minister.

"We are looking forward to deepening cooperation with China to establish a fairer and safer order for global food security," he said. "More Chinese investments are encouraged to flow to agriculture."

Trade in agricultural commodities is also likely to surge. China is expected to start imports of Argentine corn by 2012. The two governments are still holding discussions and have yet to work out a specific time frame, Dominguez said.

Agricultural products account for 85 percent of bilateral trade. China is by far the largest market for Argentine agricultural products. It imported more than 40 percent of Argentina's soy oil, which amounted to 4.6 million tons in 2009, more than twice the amount sold to India, the second-biggest customer.

Argentina has held several rounds of talks with China about imports of Argentine corn. In 2012, corn production in Argentina is expected to reach 30 million tons, compared with 22 million tons this year. About 8 million tons of corn are forecast to be consumed domestically, with the rest to be exported.