Within the framework of the “Argentina Business Council”, the Chief of Staff, Guillermo Francos, the Secretary of Finance, Pablo Quirno and the chancellor Diana Mondino, They conveyed the President’s position regarding the deregulation of the economy and they focused on the benefits of RIGI. The regime is still pending regulation by the Executive Branch.
Franks He was one of the first to speak to the delegation of executives high level representing member companies of the Business Council of the USA. There he highlighted the national management for “boost economic growth and investment in the private sector.”
“We have taken important measures, such as the repeal of laws that hindered free competition and the sanction of the Law Bases to encourage large investments through the RIGI”, He said and stressed that the Government’s objective “is clear” and focuses on “reinsert Argentina into the world, promote cooperation with commercial partners such as the United States and gain the confidence of investors.”
Government officials defended the RIGI to US companies
In turn, Quirno He elaborated on the advantages of the economic measures implemented so far and, in particular, highlighted the benefits of RIGI by ensuring that it contains “the conditions that we want in the future for the entire Argentine economy.” He assured those present, The investment incentive scheme “guarantees the legal certainty, he Access to foreign currency for dividend paymentsrepatriation of utilities, payment of financing, access to exports without limitsamong other benefits.”
According to the Ministry of Economy, during the panel, which was moderated by the Senior Vice President of Chamber of Commerce Department of the Americas, Neil Herrington, The Argentine official referred to the measures promoted by the National Government to put the economy in order and promote private sector development.
“The government of the President Milei is laying the groundwork for the State to withdraw from places it should never have occupied.. We are creating the conditions for the private sector, which is the only creator of wealth in the economy, to develop,” Quirno explained. He also stressed that the Government managed to “something unprecedented in Argentine history, which is achieving a sustainable fiscal balance in the long term.”
As a preview of the position taken by the Government in response to the Senate’s approval of a new retirement system promoted by the opposition, Quirno He also stressed that Fiscal balance “is a non-negotiable principle” and added: “This is the first time in Argentina’s history that the country has a financial surplus without being in default.”
In the morning, the chancellor Diana Mondino She spoke to the business delegation about the economic reforms being carried out by the Milei government. According to the Foreign Ministry, the minister “highlighted the export capacity of Argentine production and the investment potential in our country, with special reference to the RIGI and other measures aimed at the liberalization and facilitation of trade and investments.”
US Under Secretary for Economic Growth, Energy and Environment, Jose Fernandez, He assured that Washington is “committed to expanding trade and investment ties with Argentina.” He also highlighted the meeting: “It was a pleasure to meet with Chief of Staff Guillermo Francos to deepen cooperation in clean energy and critical minerals, as well as in ongoing initiatives such as Atlantic Cooperation and the Economic and Health Dialogue of the Americas.”
He also thanked the Business Council “for its tireless work, advocating for stronger trade ties between our two great nations. This type of commitment is vital, since USA and its allies in Latin America They work for Building strong and integrated supply chains that are globally competitive.”
Argentina and the United States signed a Memorandum of Understanding on Critical Minerals
Previously, Mondino and Fernandez They signed a Memorandum of Understanding on Critical Minerals which, they indicated, will seek to strengthen cooperation in supply chains critical minerals and will promote he trade and the investment between our countries.
“Critical mineral supply chains are essential to a successful energy transition. By signing this Memorandum, the United States and Argentina promote the common interest of supporting the energy transition and continuing to responsibly develop the exploitation of critical minerals,” the U.S. Embassy in Argentina said.
Source: Ambito
