Alibaba's CEO Jack Ma and Argentinian President Mauricio Macri signed a Memorandum of Understanding (MOU) on Tuesday in Buenos Aires to open up new trade opportunities for both China and Argentina, as well as to support Argentinian merchants that are currently marketing products on Alibaba's e-commerce platforms.

The MOU mainly focuses on two kinds of items - wine and fresh produce.

Under the new agreement, Alibaba's e-commerce platforms, such as Tmall, are being declared official sales channels by Argentina, which is the world's fifth-largest producer of agricultural products.

Also on Tuesday, Jack Ma delivered a speech to hundreds of Argentinians in Buenos Aires.

Email: gaohan@nbd.com.cn