BUENOS AIRES – Energy, digital technologies, machinery and plant engineering, pharma and medical, agri-food. These are the sectors on which the entrepreneurial mission in Argentina and Brazil focuses, organized by Confindustria and Ice-Agenzia, which started yesterday in Buenos Aires, the first organized by a European country in the area after the approval of the free trade agreement between the EU and Mercosur. The goal is to open a new phase in business relations between the two countries, particularly with the first two economies of the area, not only increasing exports but creating the conditions for new industrial partnerships and new value chains.
Read more Partite Iva, to obtain the Iscro allowance mandatory training with stricter criteria: here are the …
Ask the Sun
The questions are automatically suggested by 24Ore AI
based on the content viewed.
The entrepreneurial delegation is led by the president of Confindustria, Emanuele Orsini. The role of politics is crucial: at the head of the system mission is the Foreign Minister, Antonio Tajani, who will be alongside the companies and this morning will meet with the Argentine president Javier Milei. The entire country system dedicated to internationalization has moved, also involving Sace and Simest. The Minister of Education, Giuseppe Valditara, will also be on the mission. The banking and financial world will also be present, with Cassa Depositi e Prestiti and the Italian Banking Association, which yesterday emphasized the importance of supporting the challenge of internationalization.
“You sow to reap results in the future. This mission started on April 23 with the arrival in Rome of the four presidents of the Mercosur business organizations. We immediately believed in this mission: we hope it can bring home the results needed to market the best technologies and create both industrial and socio-economic partnerships,” said the president of Confindustria, Orsini.
Read more The brain drain of Italians? 50% return home
The prospects opening up in the country involve both large companies and SMEs, in a supply chain logic. Among the Argentine government’s objectives is strengthening the energy sector. The Rigi program (Incentive Regime for Large Investments) has been launched, aimed at key sectors of energy, oil and mineral gas, infrastructure, steel, to attract investments, with a minimum of 200 million dollars, offering tax benefits. The Super Rigi, focused on lithium batteries, artificial intelligence, and data centers, is also under approval.
Central to this strategy is the Vaca Muerta deposit, both for oil, gas, and lithium. The deposit has resources exceeding the absorption capacity of the Argentine market. To increase this potential, infrastructure is needed. In this scenario, prospects open up for our companies, in a supply chain logic. “The Milei government has decided to focus on the development of mining and gas potential; positive collaboration opportunities are foreseen for us,” comments the vice president of Confindustria for Energy, Aurelio Regina. The investments planned for Vaca Muerta, explains Regina, amount to about 20 billion dollars between extraction and logistics. They can create 20,000 jobs, purchases of supplies for 15 billion dollars are expected, and at full capacity, LNG exports will reach 10 billion dollars per year. Some large Italian companies are involved, adds Regina, including Eni, Techint with Tecpetrol, Bonatti, and Maire Tecnimont. “We are honored that Argentina is once again at the center of interest. The match between Argentina’s and Italy’s needs, I believe, can build several opportunities,” said Andrea Rocca, president of the Energy Transition at Tecpetrol.
Read more New UN report: why clean air is good for the budget
