of american companies In Argentina, The election gave the government a base of support for the direction of the economy. But still, Not yet suitable soil for investment: They arrive only after the orders of. Javier Millay. Until then, two key aspects are needed to pave the way. Transformation through reform and sustainable country risk.
“Millay is in a transition period.”defined CEO of the American Chamber of Commerce in Argentina (Amcham), Alejandro Diazin a conversation with a journalist. profile. In relation to the transition to a more “normal” period for business, he cautioned that “we first need to go through multiple trust-building periods.”
Although the private sector needs to improve its competitiveness, it has adjusted the value of $1 to $1,500.
“Will it rain investments?” “The four strategic sectors will prove capable of generating significant exports once the barriers that currently impede investment are removed,” he added. These sectors include mining, oil and gas, the knowledge economy, and agribusiness. AmCham outsourced the work to a consulting firm. Abesebformer Minister of Production Dante SicaReport on Export Estimates. According to the results, Will reach $128 billion by 2033 As reforms progress, foreign currency earnings from exports will also increase. The investment amount is expected to be $180 billion over eight years.
Six projects AmCham requests from the government
To drive this transformation, Diaz identified: 6 projects the executive branch should pass through Congress: of Labor, tax and pension reform;of glacier lawcorrection of tax innocence and changes criminal law. The changes to the Glacier Act have attracted particular attention from mining companies, but the government has not yet decided whether they will be issued by statute or de facto in writing to jurisdictions.
“If the government doesn’t mention it, it’s probably wrong. To me it’s extremely important.” Definition of “periglacial area” hinders project progressThis is because it creates uncertainty and paralyzes the exploration process, he argued. “Some companies have decided to join RIGI despite the absence of the Glacier Law (…) Others are waiting for reforms,” he pointed out. The CEO of the American Chamber of Commerce predicted that “the speed at which investment arrives will depend on these definitions, among other things.”
Agreement with the US: Progress and nearing signing
AmCham regarding the customs agreement with the US Trust me there will be news from that company this weekDuring the Prime Minister’s trip Pablo Kirno and the Secretary of Commerce and Production Coordination; Pablo Lavigne. In that sense, he stated, “There has been progress on the 10% reduction, and discussions have begun regarding the above-average tariffs on products exported by the United States to Argentina,” but he also clarified that “tariffs on Argentine products to the United States are very low,” indicating that the new average tariffs would depend on the items targeted for reduction.
Railroad giant resumes transportation investments for energy and agribusiness
One of the most important points is that steel and aluminum are subject to Code 232 for products related to national security. In that sense, Mr. Díaz pointed out how quota agreements are achieved and how it happened within the management team. Mauricio Macri We plan to return in 2018 on April 1, 2025, just before that. donald trump It imposed tariff policies around the world for the purpose of trade negotiations.
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