Five key changes to attract investment: AmCham has set the tone for the government.
In an interview with Eduardo Feinmann , the executive director of AmCham Argentina , Alejandro Díaz , detailed the five measures that, in the opinion of the entity, are essential to reactivate investment and trade in the country .
Díaz, a representative of the United States Chamber of Commerce in Argentina , warned that the current situation discourages the arrival of foreign capital , and that it is necessary to send clear signals to long-term investors .
"These are the necessary measures to send clear messages to long-term investors," he said.
- Free access to the foreign exchange market
- Comprehensive review of the tax burden
- Design of a sustainable economic model over time
- Infrastructure improvement
- Updating the labor legislation framework
"The concern for an investor is locating investments in a country where dividends and royalties cannot be paid or where there is no freedom to pay off debts," Díaz said.
The executive also pointed to high tax levels as a decisive obstacle:
“The tax burden is another determining factor” in explaining why Argentina is not competitive , he stressed.
One of the main problems Díaz highlighted was the lack of a long-term economic policy , which, in his words, generates constant uncertainty.
"We've seen the famous 'pendulum effect' over the past 20 years , where there are no long-term measures. We need stakeholders to define what that long-term outlook will be so investors understand this dynamic," he said.
Díaz warned that political instability also contributes to the climate of distrust .
“Clearly, political instability creates a bias of distrust,” he said.
Despite the criticism, the head of AmCham saw a window of opportunity for the country :
"We are at a key window for Argentina over the next 20 years," he explained.
"If we leverage resources, commit to a stable macroeconomic policy, and openness to the world , we can begin a recovery process after nearly two decades of plateauing," he said.
Finally, he left a blunt definition:
"If this administration's approach changes, we'll likely enter another phase. But if not, the situation of poverty and vulnerability will continue," Díaz stated, concluding: "It will depend on Argentine society's willingness to endorse it or not."
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