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Daniel Herrero, CEO, Toyota Argentina; and Hernán Vázquez, CEO, Volkswagen Argentina : Interview
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Interview :Daniel Herrero andHernán Vázquez How would you characterise the growth potential of the automobile industry? DANIEL HERRERO: The average number of automobiles per 100 inhabitants in Argentina is 27. This is higher than Latin America’s average of 16, but lower compared to Mexico, which stands at 30, and the US at 85, signalling opportunities for growth. Additionally, we…

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New reinsurance programmes bolstering coverage against natural disasters
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While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-transforming innovation, which could provide a major boost to industries…

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Argentina's improved business environment spurs mining investment
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Recent efforts should see Argentina catch up to its regional neighbours in terms of mining investment. During the commodity boom that lasted through the 2000s, Argentina’s Latin American neighbours reaped the benefits of their primary industries. Chile’s stateowned copper mining company generated $6.9bn in direct revenue for the government in 2011; Brazil produced 346m tonnes of iron ore; Peru…

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Argentina focuses on renewable energy, pipelines and transmission links
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Over the last 20 years the fortune of the Argentine economy has been closely tied to one commodity: natural gas. In the 1990s, a time of economic boom for the country, the construction of combined-cycle power stations allowed Argentina to produce plentiful and inexpensive energy from its conventional gas fields in the south and west. Industry forecasts were so optimistic that several trans-Andean pipelines…

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Córdoba's diversified economy generates opportunities
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Located in the centre of the country and imbued with a rich history and the benefits of a productive climate and soil, the province of Córdoba has developed a multi-pronged economy that is resilient to external shocks. This includes an agriculture sector undergoing modernisation, a value-added food industry and an automotive manufacturing segment that significantly contributes to economic growth and…

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Automotive manufacturing and metals production to drive Argentine industry
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The continued liberalisation of the Argentine economy has been a boon for local industry. Pro-business reforms implemented by the administration of President Mauricio Macri, as well as the recovery of the Brazilian economy, have helped manufacturing begin to rebound from a period of stagnation that began in 2015 with the onslaught of the wider economic recession. Accounting for roughly 16.7% of Argentina’s…

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Argentine retailers aim to keep pace with changing demand and online shopping
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After the manufacturing industry, the wholesale, retail and repairs sector is the second-largest component of Argentine GDP, contributing 13% in 2017, according to the National Institute of Statistics and Censuses (Instituto Nacional de Estadística y Censos, INDEC). As with other sectors, the effects of the economic recession that began in 2015 are still being felt. Rising prices and economic uncertainty…

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Argentina seeks to unlock natural resource potential
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Argentina is a land of rich cultural and national heritage, and significant geographical diversity, which attracts visitors from around the world. The strategic importance of the country’s capital, Buenos Aires, whose port remains a significant trading centre both regionally and internationally, became the administrative centre of the Viceroyalty of Peru under Spanish rule in the late 18th and early…

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Argentina's GDP, trade and credit improve in an increasingly liberalised economy
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Following the inauguration of President Mauricio Macri’s centre-right government in December 2015, the Argentine economy has embarked on a period of structural change propelled by increasingly liberalised policies. Under this leadership, the authorities have been rolling out various reforms to bring the country back onto the global stage, step up international competitiveness and accelerate GDP growth. However,…

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Impacts of global trend towards lower corporate tax rates
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Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing investment have emerged, further reducing the effective rates…