The president of Confederation of Employers and Industries of Spain (CEOE), Antonio Garamendi; the Secretary of State for the Economy, Ana de la Cueva, and the President of the Chamber of Commerce of Spain, José Luis Bonet, participated in a working lunch with the Vice President of the Republic of Argentina, Gabriela Michetti, who encouraged entrepreneurs from Spanish companies to invest in the country and gave first-hand knowledge of the current business and investment opportunities. Subsequently, a colloquium was held between the businessmen present and Vice President Gabriela Michetti and the event was closed by the Ambassador of Argentina in Spain, Ramón Puerta.

The president of CEOE, Antonio Garamendi, stressed that the visit of the vice president of Argentina represents a great opportunity to learn first-hand the recent evolution and prospects of the Latin American country, whose promising recovery was truncated by the sudden economic crisis that occurred last year. However, Garamendi pointed out that, despite the current difficulties of the Argentine economy, Spanish businessmen offer their full support for the economic measures adopted by the government and show their firm confidence in the future of the fourth most powerful economy in Latin America and the Caribbean.

In this sense, the president of the Business Confederation hopes that the new monetary and fiscal measures, adopted within the framework of the Stabilization Plan agreed with the International Monetary Fund in order to reduce the main macroeconomic imbalances, begin to bear their first fruits in 2019 and that the Argentine economy will overcome the worst moment of the crisis during this year. He explained that it is a set of economic measures that are not easy to adopt, but undoubtedly necessary to lay the foundations for the future recovery of the Argentine economy and continue in the coming years the process of structural reforms initiated by the Macri government.

For his part, the President of the Chamber of Commerce of Spain, José Luis Bonet, highlighted the structural reforms undertaken by the Macri Government since 2015, which have made clear their commitment to trade liberalization, with the modernization of State structures, with the establishment of an attractive business environment for private investment under clear and stable rules and, ultimately, with the reinsertion of the Argentine economy into global markets.

For its part, the Secretary of State for the Economy, Ana de la Cueva, highlighted the stability and dynamism of the Argentine economy which, despite an environment that is not exempt from difficulties, tries to maintain the orientation of the government’s economic policy to achieve of the recovery objectives Proof of this, he said, is the agreement reached with the International Monetary Fund last year, which is helping to implement an economic plan aimed at strengthening confidence, and stabilizing the economy, based on a fiscal policy oriented to the budget balance for 2019.

Source: CEOE