“If our institutions are not reliable, we are going to have to assure the investor, so that he stays for 10 years, a secure institutional framework in New York,” raised the Aracre.
The general director of Syngenta considered that in this way, if the investor had a conflict in Argentina, he could resort to foreign courts, instead of those of the country, which in his opinion do not provide security.
“This may sound unnationalistic but it is common sense,” pointed out when highlighting that the issue of food “it will be critical in the future”, and that therefore investments in technology are going to be of fundamental importance.
Aracre maintained that “it will be very difficult for investors to regain confidence” in the country, even if there were a government “market friendly”.
In this sense, he explained that “It’s 30 years of applauding defaults and reshaping debts in pesos.”
Source: Ambito
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