Overview
Opportunities for UK businesses in ArgentinaTop Five reasons for doing business in Argentina
Argentina has the highest English language proficiency in Latin America. English is mandatory at state schools in the City of Buenos Aires and the Province of Buenos Aires. Many private schools are bilingual and attract many middle class students.
4.9 million netbooks have been given to children through the government programme ‘Conectar Igualdad’.
There is demand for:
Argentina is one of the greatest food producing and food exporting countries of the world. It has 36 million hectares of arable and permanent cropland. Agriculture production and the food and drink industry make up 16% of Gross Domestic Product (GDP). 70 to 95% of Argentina’s export earnings are traditionally supplied from agriculture and farming.
There is demand for:
Argentina has one of the highest doctor to population ratios in Latin America (3.8 per 1,000 inhabitants). The Argentine healthcare system is split into 3 distinct markets:
Argentina is one of the top 3 countries in the world for reserves of shale oil and gas. It is estimated that 27 billion barrels of shale oil and 800 trillion cubic feet of shale gas are recoverable.
There will be demand for new equipment and specialist services as the sector develops. These include:
Argentina has more than 1000 museums, some already world class. Most of these are owned by federal or provincial governments.
There are opportunities for UK companies in:
Argentina is an early adopter of ‘big data’ and other sophisticated technologies. It has the highest number of mobile phones per capita in the Americas and higher also than the UK. Its fibre-optic broadband network will increase by 300% by end 2015.
UK companies will have opportunities to:
With public security rising up the political, corporate and domestic agendas, the market is expected to grow stronger. Drugs production and trafficking is on the increase, as is organised and common crime.
Given Argentina’s relatively large and well established manufacturing capability, the main opportunities are in:
Mining
Opportunities in the mining sector are increasing in Argentina due to:
Argentina has a relatively large and well established manufacturing capability in this sector so the main opportunities are in:
You can start operations in Argentina through a local agent or by setting up your own company. This company may take different legal forms:
Government attitude toward foreign investment
Through its International Trade Under-Secretariat, the Argentine government promotes and coordinates foreign investment opportunities in Argentina. This Under-Secretariat identifies and assists potential foreign investors interested in developing new productive activities in Argentina or in expanding and improving existing activities. To this end, the country has a series of regulations available to both domestic and foreign investors designed to promote investment.
• Horizontal incentives: Instruments and measures to encourage investment applicable to all regions and areas of economic activity.
• Sectoral incentives: Incentive regimes targeting specific sectors of the economy.
• Regional incentives: Provincial promotion regimes to support infrastructure for investment.
Investment protection agreements
Local legislation provides foreign investment with protection and an arbitration process for disputes with Argentina. In addition, Argentina has signed Bilateral Investment Treaties (BITs) and is a member of the Multilateral Investment Guarantee Agency (MIGA), the Overseas Private Investment Corporation, and the International Center for the Settlement of Investment Disputes (ICSID). Trademark legislation (Law No. 22362 and Law No. 24481 and its amendments) provides protection for trademarks that have been duly registered with the National Industrial Property Institute (INPI). [3]
[1] US Government, Export.gov
[2] UK.Gov Doing business in Argentina
[3] PWC Report: Argentina
Opportunities for UK businesses in ArgentinaTop Five reasons for doing business in Argentina
- Argentina is a resource-rich country with huge potential.[1]
- Its population is highly literate and well-educated. There are strong cohorts of professionals in medicine, business, law, accounting engineering, architecture, etc.
- The country is digitally capable, with high internet and smart phone penetration.
- Income distribution is more equal than in most Latin American countries, with a broad and deep middle class that enables more consumer buying power
- Argentina’s infrastructure requires major updating and renewal, providing significant opportunity for exporters of equipment and services for roads, ports, railroads, telecommunications, water and sanitation, and electric power, among others.
Argentina has the highest English language proficiency in Latin America. English is mandatory at state schools in the City of Buenos Aires and the Province of Buenos Aires. Many private schools are bilingual and attract many middle class students.
4.9 million netbooks have been given to children through the government programme ‘Conectar Igualdad’.
There is demand for:
- educational software
- English Language Teaching (ELT) products
- joint ventures with local institutions for corporate and higher education programmes
Argentina is one of the greatest food producing and food exporting countries of the world. It has 36 million hectares of arable and permanent cropland. Agriculture production and the food and drink industry make up 16% of Gross Domestic Product (GDP). 70 to 95% of Argentina’s export earnings are traditionally supplied from agriculture and farming.
There is demand for:
- technological innovation, such as farming process technology, precision agriculture and dairy industry improvements
- quality standards
- food security
Argentina has one of the highest doctor to population ratios in Latin America (3.8 per 1,000 inhabitants). The Argentine healthcare system is split into 3 distinct markets:
- Public Health Service for 17 million people
- Social Security for 18 million people
- Private Health Service for 4.6 million middle-high income users
- imaging diagnostic equipment
- orthopaedic implants
- cardiology surgery supplies
- in-vitro and organ transplant instruments
- telemedicine and other top end solutions
Argentina is one of the top 3 countries in the world for reserves of shale oil and gas. It is estimated that 27 billion barrels of shale oil and 800 trillion cubic feet of shale gas are recoverable.
There will be demand for new equipment and specialist services as the sector develops. These include:
- geoscience and geology
- fracking
- drilling
- environmental protection
- health and safety
Argentina has more than 1000 museums, some already world class. Most of these are owned by federal or provincial governments.
There are opportunities for UK companies in:
- planning museums and cultural districts
- hosting international exhibitions
- training in modern museum techniques and concepts, including self sustainability
Argentina is an early adopter of ‘big data’ and other sophisticated technologies. It has the highest number of mobile phones per capita in the Americas and higher also than the UK. Its fibre-optic broadband network will increase by 300% by end 2015.
UK companies will have opportunities to:
- supply mobile phone carriers with technology to improve network capacity
- provide content for the broadband networks
- enter joint ventures to develop software for processing big data
With public security rising up the political, corporate and domestic agendas, the market is expected to grow stronger. Drugs production and trafficking is on the increase, as is organised and common crime.
Given Argentina’s relatively large and well established manufacturing capability, the main opportunities are in:
- high tech systems
- sophisticated services (particularly capacity building)
- niche products that are not available from local manufacturers (particularly in the electronic and IT areas)
- video monitoring, access control, and intruder and fire detection
- police systems, services and training
- banking security systems and services
- electronic tagging of prisoners
Mining
Opportunities in the mining sector are increasing in Argentina due to:
- changes in legislation
- more stable financial environment
Argentina has a relatively large and well established manufacturing capability in this sector so the main opportunities are in:
- crushers
- vibrating meshes
- chemicals
- construction machinery/vehicles
- consultancy and support services
You can start operations in Argentina through a local agent or by setting up your own company. This company may take different legal forms:
- corporation
- branch
- partnership
- joint venture
- sole proprietorship
Government attitude toward foreign investment
Through its International Trade Under-Secretariat, the Argentine government promotes and coordinates foreign investment opportunities in Argentina. This Under-Secretariat identifies and assists potential foreign investors interested in developing new productive activities in Argentina or in expanding and improving existing activities. To this end, the country has a series of regulations available to both domestic and foreign investors designed to promote investment.
• Horizontal incentives: Instruments and measures to encourage investment applicable to all regions and areas of economic activity.
• Sectoral incentives: Incentive regimes targeting specific sectors of the economy.
• Regional incentives: Provincial promotion regimes to support infrastructure for investment.
Investment protection agreements
Local legislation provides foreign investment with protection and an arbitration process for disputes with Argentina. In addition, Argentina has signed Bilateral Investment Treaties (BITs) and is a member of the Multilateral Investment Guarantee Agency (MIGA), the Overseas Private Investment Corporation, and the International Center for the Settlement of Investment Disputes (ICSID). Trademark legislation (Law No. 22362 and Law No. 24481 and its amendments) provides protection for trademarks that have been duly registered with the National Industrial Property Institute (INPI). [3]
[1] US Government, Export.gov
[2] UK.Gov Doing business in Argentina
[3] PWC Report: Argentina
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