Argentina promises a new horizon of investments to Spanish companies in a key meeting

 

The event, which brought together more than 160 businessmen, sought to strengthen commercial ties between Spain and Argentina, highlighting the South American country's economic reforms and competitive advantages.

 

The day was opened by the vice president of CEOE, Iñigo Fernandez de Mesawho highlighted Argentina's "impressive" economic progress over the past year. "It started with inflation exceeding 200% and, after a very tough adjustment, it is now meeting the target of close to 2% monthly growth," he stated. Fernandez de MesaHe also expressed cautious optimism about the upcoming October elections, noting that "money is already coming into Argentina."

 

During her speech, Fernández de Mesa highlighted the strategic sectors that offer the greatest opportunities for Spanish companies, including mining, energy, infrastructure, and knowledge-based services. "Argentina has talented people and a young population. Now the key is to guarantee legal certainty, stability, and prevent changes," she emphasized.

 

Regarding the importance of controlling inflation, the CEOE vice president stated: "Inflation is the worst enemy of poverty and inequality, and the best friend is growth and job creation, which is what Argentina is doing."

 

Diego G. SucalescaThe president of the Argentine Agency for Investment and International Trade (AAICI) offered a detailed overview of the reforms implemented by the Argentine government. “Before milei“Argentina was on the verge of hyperinflation, in recession, with distorted prices and a record fiscal deficit,” Sugalesca explained. “Very remarkable changes have been achieved, with a sharp decrease in inflation, a more balanced budget, greater predictability and stability for investments, economic recovery and deregulation, simplification of the economy, and trade liberalization,” he added.

 

Sugalesca emphasized the role of the private sector in the Argentine economy. "The government believes that the private sector is the one that creates value, and that's why the public sector facilitates its work," he stated.

 

For its part, Sebastian LainoThe Chargé d'Affaires ad interim of the Argentine Embassy in Spain, emphasized the profound process of change the country is undergoing. "The Embassy will work to attract more Spanish companies to Argentina. Argentinians have invested in Spain, and now we would like Spain to invest in Argentina as well," Laino stated.

 

Sugalesca also highlighted the Argentina's competitive advantages, including its position as the third largest economy in Latin America and its access to Mercosur, a potential market of more than 295 million consumers. He also highlighted the new Investment Regime (RIGI), which offers important tax, customs and exchange benefits to attract large-scale investments.

 

«We have a Argentina eager for investments"It's no longer a promise, but a reality that is being built day by day. We want an Argentina open to the world, both for those who live here and for those who come from abroad," Sugalesca concluded.

 

Íñigo Fernández de MesaThe Vice President of the CEOE (Spanish Confederation of Employers' Organizations) stated: "The work done in the first year of the government's term has been impressive." "Inflation is the worst enemy of poverty and inequality, and the best friend is growth and job creation, which is what Argentina is doing."

Diego G. Sucalesca, The president of AAICI stated: "The government believes that the private sector is the one that creates value, and that's why the public sector facilitates its work." "We have an Argentina eager for investment; it's no longer a promise, but a reality that is being built day by day."

Finally, Sebastian Laino, The Chargé d'Affaires ad interim of the Argentine Embassy in Spain commented: "The Embassy will work to encourage more Spanish companies to establish operations in Argentina. Argentinians have invested in Spain, and now we would like Spain to invest in Argentina as well."