Investing in the business friendly Argentina of 2017
Argentina is a country with one of the largest and richest economies in Latin America:
Argentina has a very well developed national infrastructure:
- It is the third largest economy in the region with a GDP of US $ 586 billion (after Brazil and Mexico).
- It has the second highest GDP per capita in terms of PPP (US $ 22,600, after Chile).
- It is the fourth sized country in the region (43 million people).
Because Argentina is shifting towards an outwardly looking country, since the inauguration of President Mauricio Macri as president in December 2015 with the government launching a bold program to strengthen the economy and promote investment.
Recent trade facilitation measures include freeing capital controls, establishing a floating exchange rate, eliminating export taxes, and reducing subsidies on utility tariffs.
The government has committed to eliminating the fiscal deficit and lowering inflation to a single figure in the next four years.
It has negotiated the end of the long-running dispute with the holdout creditors and the successful $ 16.5 billion of bonds issued (4 times higher than what was offered) marked a milestone: these measures, added to the good business climate that began to live, improved the perception of investors And encouraged the IED.
As a sign of the positive outlook, the country low risk from 620 basis points (in September 2015) to 450 basis points (in March 2016)
Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru, and Uruguay, providing expert advice on property acquisition and disposal.
About Geoffrey McRae
Geoffrey McRae is the founder of GTSA - Marketing. He is a New Zealander with a strong Agro-business and Real Estate background spanning over 30 years. Prior to coming to South America, he was one of Australasia's most successful Real Estate negotiators reaching the highest level in the industry. He has a reputation as a brave and a formidable negotiator and creative 'deal maker'. His reputation for discretion, experience, and expertise have involved him in representing some of the world's highest profile investors. I hope you enjoy reading our news site. Please share it on your social media below.