Argentina Overview – Sector Opportunities

Argentina at one time was the poster child for foreign direct investment in Latin America. This came to an end after periods of political, economic and social upheaval left Argentina troubled, however, for example with a populist regime in the past decade that intervened in all sectors of the economy, especially imposing huge protectionist taxes on imports and exports. Following the election of President Mauricio Macri's new government in November 2015, much of that has begun to shift, and Argentina is once again opening for business.

President Macri started his term with important changes, including the devaluation and managed float of the peso, the removal of many of the restrictions on the acquisition and movement of foreign currency, efforts to make it possible for a greater number of imports to enter the country without the need for import licences and the removal or reduction of taxes on agricultural exports.