The chapter was discussed face to face last Thursday, in the meeting between the Argentine foreign minister, Santiago Cafiero, and the new US ambassador to Argentina, Marc Stanley; meeting with which the diplomat closed an almost frenetic week of meetings in Buenos Aires. It included the direct exchange between Stanley and the representatives of the North American companies in the country grouped in the American Chamber of Commerce in Argentina (AMCHAM), where on Monday of last week they unfolded before the envoy from Washington the whole string of complaints about the march and the complications of the Argentine economy.
But, in addition, and this was rescued by Stanley, they also made it clear to the newcomer that the country has to expand opportunities for progress and a strong delay in investments in infrastructure, in which North American companies can be participants. Among other companies, companies such as Pfizer, Ford, Cargill, Dow, Dupont, Visa, AES and Citi exchanged with Stanley that day.
In the two meetings, three facts about the commercial relationship between the two countries were mentioned, which Stanley defended: the United States is historically the largest investor by individual state in the country, the largest international employer with more than 250,000 people and the third destination of exports , after Brazil and China.
Cafiero and Stanley, in addition to the status of the negotiations with the IMFThey talked about how to take the trade relationship to another level, especially with the attempt to reduce the differences in the bilateral balance. In other words, Argentina wants to export more to the United States, something that is not easy. Unless Washington decides to establish Argentina as a priority partner and that it enters the very tight income tables for products in which the country is competitive, such as food and beverages.
It became clear that if the US wants to put China first in the commercial relationship, it must increase the country’s export capacity to that market, and thus position itself as a better partner than Beijing.
There are points on which Cafiero and Stanley agreed. From Washington it is sought that the agreement with the IMF gives results. And, for this, it is essential that Argentina increase its exportable volume. For that, having good business relationships is essential.
Source: Ambito
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