Argentina Country of investments Argentina Area 2 780
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Argentina Country of investments
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)
Selected economies: GDP growth 2003 -2008 • These data reflect the pre-crisis time
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
Recent firms en Argentina
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
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
Gas distribution system in LA Gasoducto Norte Gasoducto Centro Oeste Gasoducto Gas Andes Gasoducto Neuba II Gasoducto San Martin Gasoducto Neuba I
Combustible in Argentina NGV 17% Regular Gasoline 4% Gasoline Super/Ultra 16% Diesel 63%
Cidegas - Vitkovice • Successfull Czech Investment Case in Argentina in 2006
Perspective sectors • • • Automotive Biofuels Biotechnologies Software and IT technologies Food and beverages Creative industries (publishing, music and audiovisual industries, design, advertising)
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
Sources • Prosperar Florida 375 Piso 8 B Ciudad Autónoma de Buenos Aires (C 1005 AAG) Tel: (54 11) 4328. 9510 info@prosperar. gov. ar www. prosperar. gov. ar • Centro de Economia Internacional – CEI Esmeralda 1212 Piso 2° Of (201)C 1007 ABR Ciudad Autónoma de Buenos Aires www. cei. gov. ar cenei@cancilleria. gov. ar • Cámara Argentina de Gas Natural Comprimido www. gnc. org. ar
Thank you for your attention! Ruben Vallejo Argentine Embassy Any questions please send to: m. zmrzlik@gmail. com
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