Argentina Business Opportunities
Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base.
- Key Industries:
- Food-processing, Motor Vehicles, Consumer Durables, Textiles, Chemicals/Petrochemicals, Printing, Metallurgy, Steel
- Key Imports:
- Machinery, Motor Vehicles, Petroleum and Natural Gas, Organic Chemicals, Plastics
- Key Exports:
- Soybeans and Derivatives, Vehicles, Petroleum and Gas, Corn, Wheat
In 2016, after taking office, President Macri has taken significant steps to liberalize the economy, floated the Peso, negotiated debt payments with bond creditors and removed export controls on some commodities.
Argentina's key trade agreement is the Mercosur pact, which includes Brazil, Uruguay, Paraguay and Venezuela.
Business and Market Sector Opportunities
Transportation • Manufacturing • Agriculture • Communications • Retail Information Technology • Software Development • Oil and Gas
Economic Background and Situation
During 2013, the government continued with a mix of expansionary fiscal and monetary policies, and foreign exchange and import controls to limit drain on central bank reserves, which dropped $12.0 billion during the year; GDP grew at 3.0% and inflation remained at 25.0%.
The election of pro-market president, Mauricio Macri in Nov 2015 is having an effect on changing the international perception of Argentina and helping boost foreign investment.