Cecilia Camarano Report.- In the opening of Amcham Summit 2025the president of the United States Chamber of Commerce in Argentina (Amcham) and head of JP Morgan, Facundo Gómez Minujínhe warned that “It is not enough to stabilize macroeconomy” and asked the government to advance with Structural reforms that allow planning, investing and growing in a sustained way.
“The challenge is to consolidate the positive signals on a clear direction. We need predictable rules, a stable macroeconomic frame and a long -term growth agenda,” said the Executive, in a speech focused on the Competitiveness as a axis of development economic.
Business message keys: predictability, employment and lower tax pressure
In front of an auditorium full of businessmen, officials and diplomats – with the confirmed presence of the minister Luis Caputo and a closure by the president Javier Milei-, Gómez Minujín highlighted some recent encouraging signs, such as the decline of the fiscal deficit, the dynamism of key sectors and a renewed investment confidence. But it alerted: “From the diagnosis you have to go to action”.
From Amcham they claimed a Comprehensive Reform of the Tax Systemwhich they defined as “suffocating, distortive and discouragement of the investment.” In that line, he proposed to move towards a simpler, more equitable and formalizing systemthat reward those who produce, invest and generate employment.
Formal employment, under pressure
Another central axis was the labor market. The head of Amcham said The cost of formal employment in Argentina doubles that of neighboring countries such as Brazil or Chiledue to “normative rigidity and high litigation.” As he said, this discourages formal hiring and feeds informality.
Gómez Minujín proposed a Modern, flexible and inclusive labor reformthat allows to expand the basis of employment registered without resigning basic rights, but adapted to the challenges of the 21st century.
Logistics, Infrastructure and Inclusive Development
The president of the Chamber that brings together US companies with a presence in the country also focused on The infrastructure: “Without efficient logistics, there is no profitable export.” He stressed that he 94% of charges are transported in truck and that logistics costs represent about 30% of the exported value, twice as much in countries like Chile. In that context, he asked More investment in routes, trains, ports, energy and connectivity.
In turn, Gómez Minujín emphasized that economic development cannot be oblivious to the social situation. “There can be no competitiveness in a country with almost 40% of its population in poverty. Growth has to be inclusive and with real impact on the quality of life,” he said.
Strong institutions and a commitment to transparency
The message also included an institutional section: “There is no investment without legal certainty. There is no innovation without clear rules. There is no development with regulatory instability or excessive bureaucracy.” In that line, he called to strengthen the independence of powers, transparency and institutional quality.
Regretted that progress has not been made with the CLEAN SHEET LAWand pointed out that “a competitive Argentina cannot be built if everything does the same, if there are no consequences for corruption.”
Before closing his speech, Gómez Minujín announced that since June, the CEO of Aconcagua Energía Generación, Mariana Schouawill be the new president of Amcham. “She will be the first woman to occupy this role in more than 100 years of camera history,” the executive celebrated, who will continue to linked to the entity from the board.
Source: Ambito
