At the time of making investments in the country, the stability political and economic, the clear rules of the game and the low corruption They are more than attractive factors. If we add to that the geographical and cultural proximity, it is not surprising that Argentina is in the Top 4 investing countries, according to data from Uruguay XXI.
“Uruguay It is an easy country to do business and Argentina’s interest is historic and equal. It occupies an important place in Foreign direct investment. I would say that it is in the Top 4 of investing countries,” highlighted the executive director of Uruguay XXI, Sebastian Risso, in relation to the business climate.
During an event organized by the agency dedicated to promoting Uruguayan investments and exports, together with the Ministry of Foreign AffairsRisso listed before a large audience the favorable conditions of the country, summarizing: “We are not sun and sand, there is an opportunity to business”.
The possibilities of Uruguay for Argentine investors
After the event, which included the participation of the ambassador in Argentina, Carlos Enciso, as well as more than a hundred potential investors, the director of the agency confided to this medium that the main areas in which Argentines invest are “agribusiness, technology, real estate, tourism and that is added biotechnology in recent years”.
When asked if there was any type of modification after the arrival of Javier Milei to the government, he warned that “the level of investments remains constant, it is something even and historic.”
Regarding what conditions make attractive Uruguay, Risso highlighted that “investors respond in our surveys to factors such as stability, rules of the game, low corruption and good level in the Index of democracy” and warned: “All foreigners tell us this, without distinction of origin.”
“Uruguay It is an easy country to do business. In a few days you have an open company and can operate in any currency, with a free exchange market. It’s also easy to come live. “That makes everything more attractive,” she pointed out.
In turn, the director of Uruguay XXI valued that, in the case of Argentines, “closeness influences” and compared: “I don’t know if there are two more brotherly peoples in the world than Argentina and Uruguay. “Argentines feel at home here.”
In fact, during the presentation to the public Risso assessed that “it doubled migratory flow in the last five years, with many Argentines who are very qualified and are beginning to move the ball in Uruguay.”
State policies, a key factor
Within the clarity of the rules of the game, the leader highlighted the existence of “state policies who are over 30 years old, like the investment law, that of free trade zone and of ports.
“They are all maintained, regardless of who is in the government. For example, the plan Ceibal was created by Wide Front and this government maintained and promoted it. The same thing happens with macroeconomic issues,” he said.
In fact, a sample of the Uruguayan reality occurred during the event, when the General Director of the Investment Promotion Agency (API) of Canelones, Adrián Míguez, He took the floor to highlight that “despite being from another political pole, there are laws that last beyond any government.”
Míguez even ratified that diplomacy in response to the question that came from the public about what could change if Yamandu Orsi is imposed on the elections 2024. “Today is time for interns and pre-candidates. But I repeat: there are state policies that we take great care of and, in that case, we are going to maintain and improve them,” he responded.
Source: Ambito
