Argentina Government Promotes Textile And Garment Industry In Ten Industries

According to the Argentina state news agency, according to the Argentina state news agency, in February this year, Argentina President Cristina Fernandez de Kirchner announced that it will promote the ten year plan of the "2020 industrial strategy", which is expected to reduce imports by 45% and boost Argentina's ten major industrial development and reduce the unemployment rate to 5%.

President CFK predicted that by 2020, Argentina's gross domestic product will grow by 5% annually, and industrial production will grow by 7%. The government will increase loans and provide industrial technology and regional integration.

Argentina is expected to be 2020. Export volume It will grow from the current US $68 billion 500 million to US $136 billion, and the import volume will increase from US $56 billion 400 million to US $110 billion 300 million, and the trade surplus will reach US $25 billion 600 million from US $12 billion 550 million, raising domestic gross domestic product from US $356 billion 500 million to US $580 billion 700 million, with an average national income of US $12900.

The ten main industries are: 1) food industry; 2) footwear, textiles and Ready-made clothes Industry; 3) timber, paper and furniture industry; 4) building materials industry; 5) capital goods; 6) agricultural machinery; 7) automobiles and spare parts; 8) medical industry; 9) software industry; 10) chemicals and petrochemical industries, etc. the ten industries account for 80% of domestic production value and employ 60% employment population.

The government will aim at promoting the five objectives, namely: 1) production of products, replacement of imports, and promotion. Import and export 2) introduce innovative technology and technology; 3) consolidate the value of domestic assets; 4) help SMEs grow and 5) participate in regional and international integration.