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Argentina Country of investments
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Argentina Area: 2.780 km 2 Population: 41,1 million GDP: 307 billion USD (in 2009) x 326,8 bil.USD (2008) GDP per capita: 7.483 USD (in 2009) 8.018 USD (2008) Export: 55,8 billion USD (2009) x 70 billon USD (2008) Import: 38,8 billion USD (2009) x 57,4 billon USD (2008) FDI: 4,9 billon USD (in 2009) x 9,7 billon USD (2008) Fastest growing economy in Latin America –Six consecutive years of rapid economic growth at an acumulated rate of 8,5% per year (6% in the first months) –Reduced impact of the Global Crisis comparing to other countries Argentina is negotiating right now the payment of the rest of its external debt (29 billon USD)
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Selected economies: GDP growth 2003-2008 These data reflect the pre-crisis time
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Argentina High profitability reassures big players to increase their commitment and attracts more leading companies to invest in Argentina Top 50 transnational Corporations with a presence in Argentina
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Recent firms en Argentina
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CNG en Argentina 1983: The New democratic Government implements a new National Fuel Policy – National Liquid Fuel Substitution Program – Creation of a Government Technical Group – Adoption of Technical Standards – Involvement in the initial investments in equipment and marketing
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Factors causing rapid public acceptance: Good price differential against the gasoline Long experience with Natural Gas Strong Natural & Industrial Gas Industry Early involvement of NGV Association Wide Natural Gas Distribution Network
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Gasoducto Norte Gasoducto Centro Oeste Gasoducto Gas Andes Gasoducto Neuba II Gasoducto Neuba I Gasoducto San Martin Gas distribution system in LA
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Regular Gasoline 4% Gasoline Super/Ultra 16% NGV 17% Diesel 63% Combustible in Argentina
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Cidegas - Vitkovice Successfull Czech Investment Case in Argentina in 2006
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Perspective sectors Automotive Biofuels Biotechnologies Software and IT technologies Food and beverages Creative industries (publishing, music and audiovisual industries, design, advertising)
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Why invest in Argentina Solid foundations for sustainable growth and profitability Highly skilled, innovative and entrepreneurial labor force Abundance of natural resources, biodiversity and environmental sustainability Access to a large regional market and a springboard to the world Diversified economy to meet global market needs Rich cultural heritage and remarkable quality of life Quality connectivity and extensive infrastructure Publice sector supportive of investement
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Sources Prosperar Florida 375 Piso 8 B Ciudad Autónoma de Buenos Aires (C1005AAG) Tel: (54 11) 4328.9510 info@prosperar.gov.ar www.prosperar.gov.ar info@prosperar.gov.ar www.prosperar.gov.ar Centro de Economia Internacional – CEI Esmeralda 1212 Piso 2° Of (201)C1007ABR Ciudad Autónoma de Buenos Aires www.cei.gov.ar cenei@cancilleria.gov.ar www.cei.gov.ar cenei@cancilleria.gov.ar Cámara Argentina de Gas Natural Comprimido www.gnc.org.ar www.gnc.org.ar
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Thank you for your attention! Ruben Vallejo Argentine Embassy Any questions please send to: m.zmrzlik@gmail.com
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