US investment set to triple, says United States Chamber of Commerce in Argentina
Source: Buenos Aires Herald
Speaking less than a day before Air Force One touches down on Argentine soil, leaders from the United States Chamber of Commerce in Argentina (AmCham) predicted yesterday that the historic visit by United States President Barack Obama to the country will deliver a key political message and serve as a catalyst for business sectors in both countries.
The trade body stressed yesterday that Obama’s presence in the country will likely help to “sell” business opportunities to companies eyeing Argentina across the world, following government-sponsored pro-market reform, which AmCham believes will in turn boost private investment in the country dramatically.
According to AmCham officials, investments from US firms in Argentina over the next few years could rise to as much as US$18 billion a year — similar levels to those seen in Peru or Colombia — and a near three-fold increase from current levels, estimated to be between US$4-7 billion a year.
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