The president of the Argentine Industrial Union (UIA) spoke about the needs of the sector to get out of the deep recession. He did so after a meeting with government officials
The president of the Argentine Industrial Union (UIA), Daniel Funes from Riojastressed the importance of implementation of a law for SMEsone of the topics that industrial representatives discussed this Tuesday in the meeting with government officials.
“Designing a modern and efficient regulatory framework for SMEs that allows for technological transformation is central to industrial recovery”said the important businessman in the food industry.
Investment incentives and credits, two needs of the industry
Funes de Rioja highlighted the contribution that SMEs make to the value chains that supply large companies, employment and the production-consumption relationship. In this regard, he said that one of the UIA’s requests during the meeting was to support investments in this segment of small businesses.
“We need a system of incentives for national investment while waiting for tax reform “which Argentina inexorably needs. The sooner we have something that encourages increased investment or new investment, the faster we will get out of the crisis,” he added.
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Argentinian News
In parallel, he stated that the SME regime will facilitate the employment protection in a context in which the manufacturing industry is trying to protect jobs despite the 20% to 40% decline in production experienced by most sectors.
On the other hand, Funes de Rioja also spoke about the The fundamental role that credit should play in promoting investments in working capital and consumptionand thus reduce the technological backwardness of companies.
Debate between the UIA and the Government on the RIGI
In another order of discussions, during the meeting between the Government and the UIA, the regulation of the Bases law regarding the RIGI was also discussed, to guarantee the Concurrence of the development of national suppliers on equal termsFor Funes de Rioja, taxes that affect national production would generate asymmetries with imported equipment, supplies and machinery.
“The industry wants a revival: we need it and we want it,” concluded the industrial representative.
Source: Ambito
