Invest In Argentina: Naturally Talented To Meet Global Market Needs
OFFICIAL NAME | Republica Argentina |
CAPITAL CITY | Autonomous City of Buenos Aires |
MAIN CITIES | Cordoba, Rosario, La Plata, Mar del Plata, Mendoza |
SURFACE AREA | 3.8 million km2 (2.8 million km2 of continental land mass and 969 thousand km2 on the Antarctic continent and South Atlantic Islands) |
POPULATION | 40.1 million |
GROSS DOMESTIC PRODUCT (GDP) PER CAPITA (PPP) | US$ 18,205 |
CURRENCY | Argentina Peso (AR$) |
POLITICAL SYSTEM | Republican, representative and federal |
OFFICIAL LANGUAGE | Spanish |
Above statistics on Argentina provided The Embassy of the Argentina Republic, Kuala Lumpur
INVEST IN ARGENTINA
Naturally talented to meet global market needs
Sustainable Economic Growth
A DYNAMIC ECONOMIC MODEL BASED ON SOCIAL INCLUSION
√ One of the fastest-growing countries worldwide: leader in Latin America for the past decade.
√ Sustainable macroeconomy: sustained external surplus, accumulated international reserves, fiscal solvency and substantial reduction in public debt.
√ Record-high exports close to US$ 100 billion for goods and services in 2011.
√ Five million new jobs created; a decrease in unemployment levels from 21.5% in 2002 to 7.1% in 2012.
√ Ranked as a Very High Human Development country in the United Nations 2011 Human Development Index.
Attractive Business Profitability
PRODUCTIVE INVESTMENT DELIVERING HIGH RETURNS
√ High profitability in a wide range of productive sectors.
√ New record-high profits from Foreign Direct Investment (FDI) as a percentage of assets, with the annual average exceeding 10% in the last four years.
√ Profits over sales above 13% for the 500 non-financial private companies in 2006-2010.
√ More than 2,000 multinational companies operating in diverse sectors share a long-term vision and renewed investment commitment.
√ Highest investment rate in the last 30 years (24.5% of GDP in 2011) fueled by the diversity and profitability of all existing investment opportunities.
Strategic Location
STRONG TIES WITH LATIN AMERICA
√ Located in a region endowed with resources to meet current and future global demands. Strategic player within the main food exporting region in the world.
√ A motor for Latin America’s increased integration in terms of economy, politics, society and culture.
√ Full MERCOSUR member, together with Brazil, Paraguay, Uruguay and Venezuel: preferential access (0% tariff) to a regional market of 275 million inhabitants; aggregate GDP of US$3.35 trillion; and great industrial complementarity.
√ Member of UNASUR (Union of South American Nations); ALADI (Latin American Integration Association); and ECLAC (Commission for Latin America and the Caribbean).
Diversified Economy
OPPORTUNITIES IN EVERY PRODUCTIVE SECTOR OF THE ECONOMY
√ Leading country in the international food market, with exports exceeding US$25 billion in 2011 and great technological development in the agrifood value chain.
√ Industrial structure with a strong tradition in countless diverse productive sectors, along with dynamic growth of industrial exports (16% per year in 2003-2011).
√ Accelerated developmentof renewable energies, biotechnology, software, creative industries and other frontier sectors.
√ Main tourism destination in Latin America, with almost 6 million tourists per year.
√ Increase in the productive capacity of domestic and foreign companies, with 96% of FDI flows being directed to new projects and expansion.
Openness to the world
GLOBAL ECONOMIC INTEGRATION
√ G-20 Member, with an active presence in several international organizations, including the World Trade Organization, G77+China, United Nations, UNCTAD, ECLAC and FAO, among others.
√ Strengthening of the bilateral relations with the BRICS (Brazil, Russia, India, China and South Africa) as well as other developing countries.
√ Highly dynamic exports to more than 150 destinations, with values tripling over the past 8 years.
√ Trade growth with the rest of the world (2003-2011) over 17% per year.
√ Highest proportion of FDI projects with high technological intensity in South America (ECLAC).
Argentina = Talent + Opportunity
Abundant and diverse natural resources
RICH RESOURCES AVAILABLE FOR SUSTAINABLE DEVELOPMENT
√ Vast extension of fertile land for agriculture: 9th largest extension of agricultural area in the world with 140 million hectares of arable lands (FAO).
√ 4,500 km of mountain ranges with mining resources: gold, copper, lithium, carbon, lead, zinc, tin, silver and potassium.
√ 4,700 km coast along the Atlantic Ocean with rich fisheries.
√ Vast oil and gas resources with exploration and exploitation opportunities.
Skilled and highly creative workforce
STRONG ENTREPRENEURIAL CULTURE COMBINED WITH A DIVERSE WORKFORCE OF RESOURCEFUL SKILLED AND SEMI-SKILLED WORKERS
√ Workforce internationally renowned for its skill set, creativity and versatility.
√ More than 98,000 graduates from higher education programs and almost 11,000 postgraduate students from 115 universities across the country enter the labor market each year.
√ Economically active population (EAP) with the highest education level in Latin America.
√ Highest level of public investment in education in the region (equal to 6% of GDP).
√ The most dynamic work productivity in the region in recent years (ECLAC).
Strength to face the global crisis
PUBLIC POLICIES AIMED AT FOSTERING DEMAND
√ An inclusion-based model for growth, in which the strong and dynamic domestic market is one of the key pillars.
√ Proven ability to sustain the economic growth cycle from the on-start of the global crisis, exceeding the average of emerging countries.
√ Low level of public debt and high level of international reserves, increasing capacity to implement counter-cyclical public policies.
√ Job protection and social inclusion policies drive domestic demand and production.
√ Investment promotion initiatives such as credit facilities for the productive sector and a construction plan to build 400,000 homes.
Modern infrastructure and high-quality connectivity
A STRONG NETWORK IN EXPANSION PROVIDING THE NEEDED SUPPORT FOR PROJECTED GROWTH
√ Public investment at a historic high (going from 0.5% of total public spending in 2002 to 6% in 2011).
√ Well-developed transport and infrastructure system: 35,000 kilometers (21,700 miles) of national roads; one of the longest rail road networks in the world (36,000 kilometers / 22,000 miles); 43 ports; and 54 airports.
√ Ranked 2nd in the Logistics Performance Index of the World Bank in Latin America (2010).
√ High rates of internet penetration in companies and homes.
√ Highest fixed and mobile telephone density in Latin America, ranking 6th worldwide (World Bank, 2010).
High level of scientific, technological and productive innovation
PROMOTION OF INFORMATION AND COMMUNICATIONS TECHNOLOGY TO FOSTER HIGHER COMPETITIVENESS AND BRING ADDED VALUE TO PRODUCTION
√ Public policy supportive of scientific and technological development spearheaded by the Ministry of Science, Technology and Productive Innovation created in 2007.
√ 55% increase in the number of R&D professionals over the period 2003-2011.
√ Highest ratio of researchers to the economically active population (EAP) and ranked 3rd in terms of the number of R&D technicians, measured as total number per million inhabitants in Latin America (World Bank).
√ Development of aerospace projects led by INVAP, a public company of world renown for satellite development and other space projects.
√ One of a few countries in the world with multispecies cloning capacity.
OPPORTUNITIES
There are 86 investment projects in different ten (10) sectors and the total project value is up to US$ 4.7 billion. For any further information on the investment projects, please go to the BaPIP website http://www.bapip.inversiones.gov.ar/en/ and register as a user to find out more investment opportunities in details.
CONTACT
Should you require any further assistance, please contact to:-
The Embassy of The Argentine Republic in Kuala Lumpur
Tel: (603- 2144 1451) or
Email to comercial2_emsia@mrecic.gov.ar