Argentina's film institute (INCAA) announced at Mar del Plata Film Festival new co-production agreements with China, Israel, France, Germany and Switzerland to be signed in the next weeks.

'We are very hopeful about the future. We have signed a similar agreement with Spain four years ago, and now more than 50 percent of the Argentinian films are co-financed by Spanish companies,' INCAA's president Jorge Alvarez told ScreenDaily.

Alvarez also praised local producers who reached a deal in China 'for the first ever co-production with the Asian giant'.

After a recent co-production treaty with Italy, INCAA invited 12 top Italian producers such as Paolo Ferrari (Warner Bros. Italy), Amedeo Pagani (Classic Film), Rossana Seregni (Sintra), Massimo Vigliar (Surf Film), Adriano De Micheli (International Dean Film), Roberto Di Girolamo (Production Group), Alessandro Silvestri (Emme), Concita Airoldi (Urania Film) and David Maria Putorti (Acme Cinematografica) for a meeting with local colleagues handling 169 new projects.

Acme's Putorti and Cristina Giovanni, for example, announced they will shoot next October in Argentina Diario De La Guerra Del Cerdo, based on the novel by local writer Adolfo Bioy Casares.

A similar producers' meeting between Argentinian and Brazilian companies will be held in Buenos Aires next month.