the American companies In Argentina they believe that results The elections gave the government a base of support for its economic orientation. but still, It is not yet fertile ground for investments: They will not arrive until after a mandate Javier Miley. Until then, paving the way requires two main aspects. Transitions through reforms and sustainable country risks.
“Millie is a transitional period.”The CEO of the American Chamber of Commerce in Argentina (US Chamber of Commerce), Alejandro DiazIn an interview with journalists, he was among them Introductory account. “We must first go through a period of multiple confidence building,” he warned, referring to the transition to a more “normal” period for business.
The private sector has adjusted the price of one dollar to $1,500, although it requires more competitiveness
“Is there a rain of investment coming? He added that the four strategic sectors will demonstrate that if the barriers currently preventing investments are removed, they will generate many exports. These are areas such as mining, oil and gas, the knowledge economy and agribusiness. AbispFrom the former Minister of Production Dante Sicareport on export estimates. According to the results, By 2033, it will reach 128,000 million US dollars of foreign currency income from exports if reforms go ahead. The investment assumption will be US$180,000 million in eight years.
The six projects requested by the Chamber of Commerce from the government
To enhance this transformation, select Diaz Six projects that the executive branch must pass through Congress: the Employment, tax and pension reforms; the Ice lawmodification Tax clearance And modifications in Penal Code. Changes to the Glacier Act are of particular interest to mining companies, although the government has not yet decided whether to issue them by decree or actually send text to the can.
“If the government doesn’t mention it, it’s probably a mistake. To me, this is vital.” The definition of “periglacial zone” is what holds projects backHe said, because it causes uncertainty and paralyzes exploration operations. He pointed out that “there are companies that have decided to enter RIGI despite the absence of the Ice Law (…) and others are waiting for reform.” The CEO of the American Chamber expected that “the speed of investment arrival will depend in particular on these definitions.”
The agreement with the United States: progress and imminent signing
Regarding the customs tariff agreement with the United States of America, AMCHAM Trust that there will be news from the company this weekin the middle of the counselor’s journey Pablo Cerno The Coordinating Secretary for Trade and Production, Pablo Lavin. In this sense, he stated that there is progress regarding the 10% reduction and that the discussion has begun on products that the United States exported to Argentina with a higher-than-average tariff, but he explained that “the tariff on Argentine products to the United States is very low.” He also stated that the new average tariff will depend on the products that make up the list of reductions.
The rail giant is revitalizing transportation investments in energy and agribusiness
Among the most important points will be steel and aluminum, which are covered by Code 232 of products related to national security. In this sense, Diaz pointed out how the quota agreement was reached, and how it happened during the administration Mauricio Macri In 2018. The intention will be to return to April 1, 2025, a little earlier Donald Trump It imposed its customs policy around the world, with the aim of negotiating trade.
AM/DCQ
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