If this trend continues for the rest of 2022, the regional economies will reach a new historical maximum in foreign exchange generation for the country.
For its part, the BCR analysis noted that “regional economies are distinguished by their territorial anchorage and socioeconomic relevance, the generation of jobs, income and value added at origin”.
“A crucial factor is that they are based on the use of local agricultural raw materials, through industrialization processes of their derived products, covering a great diversity of geographical areas distributed throughout the country,” the report said.
Fats and oils, with US$1,358.30 million, were the sector of the regional economies that generated the most foreign currency in the first seven months of the year, followed by all fishery products, with US$1,044. .48 million.
They then located the dairy sectors, with US$874.58 million; wine, with US$461.30 million; of vegetables, with US$313.25; hides and skins, u$s271.37; legumes, US$258 million; food preparations, US$211.17; and pip fruits, with US$197.8 million.
“Strengthening the Argentine regional economies can expand geographic diversification and also contribute to added value at origin, contributing to the generation of jobs and income in areas far from large cities,” the BCR said.
In this regard, he stressed that “it is estimated that these are responsible for more than 1 million direct jobs.”
“This will entail, in turn, a multiplier effect throughout the country. It also helps to promote exporting SMEs in the interior of the country with more than 2.5 million hectares planted with regional products in agricultural areas,” he concluded. The report.
Source: Ambito
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