The first edition of the Argentina Business Investment Forum was
held in Buenos Aires from September 12 through September 15 as an
initiative of the Federal Government and was hosted by the
Argentina Investment and Trade Promotion Agency.
The Argentina Business Investment Forum was aimed to highlight
investment opportunities and attract foreign direct investment.
Gathering business leaders and government officials from Argentina
and all over the world, the Argentina Business Investment Forum
served as a springboard for showcasing investment opportunities and
entice high-level meetings between Argentinean business, government
leaders and international investors and partners.
Our firm had the honor to get an invitation to participate in
the Argentine Business Investment Forum, which gave us a close and
personal view of where Argentina is heading. A summary of some
relevant data will be presented below.
First of all, the forum was an opportunity to have updated key
figures and data on the potential of Argentina as an international
investment destination, such as:
8th largest country in the world with
53% of agricultural land;
3rd largest economy in Latin America
with a GDP of $500Bn (after Brazil and Mexico);
2nd highest GDP per capita in the
region in PPP terms (U$22,600, after Chile);
2nd highest proportion of
middle-class population, lowest Gini coefficient in Latin
Ranked #1 in Latin America in Human
Development Index; #1 in Education Index; 98% literacy rate (Age 10
and over can read and write); High English Proficiency (Ranks 15th
in the world according to the Education First English Proficiency
World-class labor force, renowned for
its technical skills, creativity, and versatility;
High connectivity levels, with 75%
broadband and 141% mobile penetration;
20 International Airports; 14 ports;
182,000 km of routes and 25,023 km of railways.
(Sources: Argentina Business Investment Forum and Argentina
Investment and Trade Promotion Agency)
According to the Argentina Investment and Trade Promotion
Agency, investment opportunities for approximately USD 240 Bn have
been identified across multiple sectors, both at federal and local
levels. Some of these areas are:
Federal infrastructure and public
Power and renewable energy (wind
– 3rd largest wind reserve in the world- and solar –
2nd largest solar reserve in the planet);
Mining (copper, gold, silver, lithium
– 4th largest reserve in the world - potassium);
Oil & Gas (4th largest shale oil
reserve in the world);
Real Estate and Urban
Telecommunications & High
The Federal and Local governments will foster the private sector
participation in the finance, development, and operation of these
sectors in multiple forms (e.g. concessions, construction
contracts, etc.) and grant different and important incentives for
Venture capital development will also be a public policy backed
by the Entrepreneurship and Small and Medium Enterprises
Secretariat of the Argentine Ministry of production. The goals are
double: on one hand, to support the creation of accelerators and
expansion venture capital funds, specialized in launching,
assisting and financing new companies; on the other hand, to
promote the creation of high-impact Argentine business venture.
Benefits for those qualifying for the programs will be
Investment programs, incentives and benefits are not only backed
by the Federal Government but also by the City of Buenos Aires, the
Buenos Aires Province and some other major Provinces of Argentina,
such as Santa Fe, Córdoba and Río Negro.
All of these programs and initiatives have a general legal
business background (e.g. for setting up the businesses, human
resources, taxes and intellectual property protection) and some
activities even specific regulatory frameworks (such as those for
energy and natural resources, mining, oil and gas, banking,
insurance and securities). Therefore a professional and careful
review and evaluation have to be conducted to take the most
advantage of the business opportunities presented.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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