The Minister of Economy, Luis Caputo, held a meeting on Wednesday with representatives of the automotive section where the National Government’s measures to regulate the economy were discussed.
In this context, the Minister made a presentation on the main measures implemented and explained the economic direction. He also listened to the suggestions of the businessmen, who described the current situation of the sector.
During the meeting, the Treasury official referred to the mechanisms that will allow us to gain comparative advantages in relation to other markets. He also stressed that with the macroeconomy stable and without emissions, the Government’s objective is to focus on lowering taxes and eradicating the inefficiencies that make up Argentina’s cost.
Also, Caputo explained the consequences that will have on the prices of the automotive industry the reduction of the Country Tax, which will be implemented in the coming weeks. There was also consensus on the importance of banks promoting credit to strengthen the sector and the entire economy.
About, Martin Zuppi, After thanking the support and space for dialogue, the President of ADEFA pointed out that it is a key moment to “continue working on a proactive agenda for the development of the industry as a whole” and at this point he stressed that “the measures announced and others in the process of implementation have been very important signals for the parent companies and we believe that they are key tools that can contribute to improving the conditions for returning to the path of growth.”
What was the response of the companies?
For their part, the Business leaders acknowledged the measures taken by the government to improve the competitiveness of the sector. Along these lines, representatives of the automotive companies stated that They estimate a recovery in the coming months for the sector.
Terminal managers stressed that in the current scenario, the value chain continues to work together to advance the consolidation of the industry’s export profile, the promotion of investments and the growth of production with its consequent spillover into the country’s economic development.
Caputo meets with other business chambers
Caputo’s meetings are part of the meetings he held last week with representatives of the Argentine Rural Society (SRA) and the Chamber of Urban Developers (CEDU). Along these same lines, the Minister is also expected to hold meetings with other sectors of the economy.
The Secretary for Production Coordination, Juan Pazo, and his counterpart for Industry and Commerce, Pablo Lavigne, also participated. Representing the automotive industry were businessmen from FCA, Ford, General Motors, Iveco, Mercedes Benz, Mercedes Benz Trucks and Buses, Nissan, PSA, Renault, Scania, Toyota, Volkswagen, and ADEFA.
Source: Ambito
