The Minister of Economy, Sergio Massa, held a work meeting this Wednesday at the Palacio de Hacienda with high-ranking executives from firms associated with the Japan Business Federation (Keidanren), with the aim of accelerating the execution of productive investments in strategic sectors such as industrial, agri-food, services, energy and critical minerals.
The delegation was headed by the President of the Committee for Latin America, yutaka kasewho holds the position on behalf of the multi-sector giant Sojitz.
At the start of the work meeting, Massa highlighted the importance of Keidanren, one of the most important business chambers in the Asian country, which involves more than 1,500 firms from very diverse sectors, who have investments all over the world and who represent the most influential Japanese companies globally.
In this framework, the official analyzed together with the businessmen and women who made up the delegation, the opportunities and challenges faced by Japanese companies in the country, emphasizing the need to coordinate actions between the public and private sectors to encourage more joint ventures.
Likewise, he highlighted the macroeconomic ordering policies implemented in recent months, whose purpose is to generate a favorable business climate for more Keidanren companies to have a presence in the country.
Which Japanese firms invest in Argentina
There is currently a large number of firms that are members of the Chamber such as Bridgestone, Mitsubishi, Toyota and Fujitecwhich have operations in the country with a focus aimed at also serving the regional market.
Japanese companies have invested in Argentina for more than two decades and their impact on the country’s economy has been significant. In recent years, these investments have accelerated, with productive projects involving billions of dollars, generating employment, promoting exports, encouraging production chains, and transferring state-of-the-art technology to the local innovation system.
As the world’s third largest economy in terms of GDP, Japan is a relevant partner for our countryin addition to representing a sophisticated consumer market in which the products and services of the regional economies of Argentina can find endless opportunities.
Likewise, it depends to a large extent on foreign trade to supply itself with food and raw materials, while it is one of the main global investors, with an outgoing FDI stock of around US$1.9 trillion.
The Minister of Economy was accompanied by the Secretary of Industry and Productive Development, Jose Ignacio de Mendiguren; and the pair of Commerce of him, Matias Tombolini. The Japanese Embassy in Argentina was represented by its ambassador, Hiroshi Yamauchi; shinji maeda, Head of the Economic Section; and Aki TsujikawaNote taker.
Source: Ambito
