Within the framework of the seventh Dialogue for Commercial and Investment Relations between both countries, proposals and future plans for the development of new commercial spaces were discussed.
Officials of the Chancellery and of the Ministry of Economy met with representatives and businessmen from Japan to evaluateFuture plans and the possibility of developing new bilateral trade spaces within the framework of the energy transition, such as hydrogen and electromobility.
The meeting was in the framework of the seventh Dialogue for Trade and Investment Relations between the Argentine Republic and Japan, a mechanism where Japanese companies with investments in Argentina transmit proposals and concerns and the Argentine authorities update the status of the trade and investment agenda and the economic policies that the Government carries out.
The meeting was headed by the Secretary of International Economic Relations, Cecilia Todesca Bocco, and the Secretary of Commerce, Matias Raul Tombolini, on the Argentine side, and the Japanese ambassador, Yamauchi Hiroshiand the president of the Japan Chamber of Commerce and Industry, Minoru Tomita, for the Japanese side.
Executives of Japanese companies with investments in Argentina also participated: Takeda, NEC, Yamaha, Bridgestone, Brother International Corporation, Fujitec, Itochu Derivados Vínicos, Marubeni, Mitsubishi, Toyota and Sumitomo.
Regarding organizations, representatives of the Japan International Cooperation Agency (JICA), the Japan Foreign Trade Organization (Jetro) and the Japan Bank for International Cooperation (JBIC).
The Undersecretary for Strategy for Development of the Secretariat for Strategic Affairs, Veronica Robert, and the National Director of Investment Promotion, Javier Binaghi, They made a presentation on the strategic sectors with potential for the development of new businesses, in particular, in relation to the energy transition framework, hydrogen and electromobility.
Trade in goods between Argentina and Japan reached US$1,996 million in 2022, the highest value in the exchange in recent years.
In the first quarter of 2023, trade in goods amounted to US$425 million, with an increase in both exports (14%) and imports (19%), compared to the same period in 2022.
Argentine exports are concentrated in cereals, inorganic chemical products, and fish and crustaceans, while Japanese imports correspond mainly to motor vehicles and their parts, machinery and electrical material, and organic chemical products, among others.
Source: Ambito
