The U.S. Chamber of Commerce, in partnership with AmCham Argentina, hosted President Mauricio Macri of Argentina and launched the U.S.-Argentina Business Council through the signing of a memorandum of understanding with the Foro de Convergencia Empresarial (FCE).

The U.S.-Argentina Business Council, as a platform for dialogue between each country’s private sectors, will be dedicated to fostering bilateral trade and investment and will provide insight to both governments on policy that fosters business growth and economic competitiveness.

The memorandum of understanding was signed during an event featuring Argentinian President Mauricio Macri, who shared with business leaders his perspective on the domestic reforms he’s undertaken in his country.

U.S. Chamber Executive Vice President and Head of International Affairs Myron Brilliant and FCE President Miguel Blanco signed the memorandum of understanding to establish increased cooperation between the organizations and to launch the U.S.-Argentina Business Council.

“As the third largest economy in Latin America, Argentina has long been a key market for US exports and investment, and President Macri’s sweeping market-oriented reforms over the past year and a half have unleashed new opportunities for American goods and services providers,” said Brilliant.  “In launching the US-Argentina Business Council , the US private sector seeks to do its part to continue supporting the reform-oriented agenda of the Macri government, our partners in the Argentine private sector, and US companies and investors committed to Argentina.”

Bilateral goods and services trade with Argentina totalled an estimated USD 22.4 billion in 2015, and more than 500 US companies are among the top investors in the country with nearly USD 20 billion invested in Argentina as of 2013.

The U.S.-Argentina Business Council will hold its inaugural board of directors meeting in Buenos Aires later this year.

Source: USCC

Image: Fotosearch