Huge Potential in Argentina
The economy here in Argentina is undergoing a strong recovery. Although the business environment in Argentina is less to be desired, the country is actively promoting foreign investments within the country. As a foreigner that moved to Argentina last year, it is quite clear to me that any dramatic improvement in the business environment here in Argentina will be a result of foreigners primarily from the United States, Europe and Asia.
In fact, Argentina is taking major steps to bring in foreign investment from countries like China. I believe China will invest heavily here. China attaches importance to developing economic and trade relations with Argentina and takes Argentina as one of the important economic and trade partners in Latin America. The Chinese government encourages Chinese businesses to invest in Argentina and also welcomes Argentine entrepreneurs to go to China to discuss business cooperation. The two countries should further strengthen exchanges of the business community, support businesses in actively exploring each other's markets, conduct cooperation in various forms, expand mutual investment and push China-Argentina cooperation to new levels.
Argentina has a tremendous number of entrepreneurs with amazing ideas and business plans. Unfortunately for them, the banks and private financial institutions aren't willing to take a chance and invest in them and their ideas. A great idea cannot go very far without the funding to carry their business plan from the "seed stage". The government every year talks about getting involved and supporting these wonderful ideas but in the end, it is just talk. Like most people in Argentina, everyone wants to make tremendous amounts of money without risking anything. That is impossible.
I believe there is a huge potential for being extremely selective and choosing the best business plans to invest in. There are tremendous opportunities in areas like real estate as well as other areas such as high technology. I will continue to make extremely selective investments in Argentina and I truly believe they will have a high reward pay off.
In fact, Argentina is taking major steps to bring in foreign investment from countries like China. I believe China will invest heavily here. China attaches importance to developing economic and trade relations with Argentina and takes Argentina as one of the important economic and trade partners in Latin America. The Chinese government encourages Chinese businesses to invest in Argentina and also welcomes Argentine entrepreneurs to go to China to discuss business cooperation. The two countries should further strengthen exchanges of the business community, support businesses in actively exploring each other's markets, conduct cooperation in various forms, expand mutual investment and push China-Argentina cooperation to new levels.
Argentina has a tremendous number of entrepreneurs with amazing ideas and business plans. Unfortunately for them, the banks and private financial institutions aren't willing to take a chance and invest in them and their ideas. A great idea cannot go very far without the funding to carry their business plan from the "seed stage". The government every year talks about getting involved and supporting these wonderful ideas but in the end, it is just talk. Like most people in Argentina, everyone wants to make tremendous amounts of money without risking anything. That is impossible.
I believe there is a huge potential for being extremely selective and choosing the best business plans to invest in. There are tremendous opportunities in areas like real estate as well as other areas such as high technology. I will continue to make extremely selective investments in Argentina and I truly believe they will have a high reward pay off.
posted by ABA at 1:19 PM
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