Australia is also one of the main destinations of the second product exported from Argentina: soybean meal and pellets. In the first 9 months of the year, US$313,002,192.47 in flour and pellets were sold to that destination. They were followed by sales of sunflower oil for US$49,956,690.00 and shelled peanuts for US$17,701,143.64.
Regarding the servicesthe Australian embassy in Argentina indicates that the commercial exchange between the countries amounts to 194 million Australian dollars, the equivalent of US$131,782,260.
As regards the tourist industryreport that almost 6,900 Argentines visited Australia, while 7,000 Australians visited Argentina in 2020. Meanwhile, the number of Argentine-born Australian residents is 13,347, 3,257 have a work and holiday visa and 1,450 Argentine students are in Australia.
Investments
In 2021, an Australian company announced the largest foreign direct investment registered in Argentina: it is the company fortescuewhich will allocate US$8.4 billion for the production of green hydrogen in the province of Río Negro and which plans to create 15,000 direct jobs and between 40,000 and 50,000 indirect ones.
More of 65 Australian companies operate in Argentina and it is estimated that they invested more than a billion dollars in the last three years, without considering Fortescue’s investment.
The main sectors in which they are inserted is the mining, especially lithium and gold, agribusiness, entertainment, port management, transportation equipment, and insurance.
For the Argentine counterpart, the Bunge Group is in Australia with investments in the food industry. Also, the INVAP (Applied Research), from the Province of Río Negro in Argentina, has actively participated in the construction of the Nuclear Research Replacement Reactor in Lucas Heights New South Wales, a project that was awarded to INVAP after an international tender.
The Argentinian Unicorn globant announced this year the purchase of the Australian e-commerce leader eWave.
Source: Ambito
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