Argentina Is Now Open for Business and Foreigners Are Piling In
Source: Bloomberg Business
By: Carolina Millan
For the first time in two decades, the U.S. Chamber of Commerce is bringing business leaders to Argentina. Global hedge funds are snapping up the country’s assets. Farmers across the fertile pampas are getting ready to empty silo bags of corn and soybeans after years of withholding part of their crop in anger over tax policies.
Nine days before a closely-watched presidential election in Argentina, it would be hard to overstate the level of expectation in the business world. BRF SA, Brazil’s largest food company, is expanding two factories and planning acquisitions. BayWa AG, the Munich-based grain trader, is building its first office in South America’s second-largest economy. Arca Continental SAB, Latin America’s No.2 Coca-Cola bottler, talks of “tremendous opportunity.”
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