National Risk Analysis Report Of Argentina

　　 Economic and trade risks

In 2012, the nominal GDP of Argentina was $477 billion 30 million, and the average per capita was GDP11560, and the real economic growth rate was 1.9%. The domestic industry structure is agriculture (9%), industry (31%) and service industry (60%). The main industrial sectors are manufacturing industry 。 Argentina's political situation is basically stable, but economic slowdown, political differences and other factors pose a challenge to political stability. Affected by the international economic weakness and domestic economic policies, Argentina's economy will remain at a low speed for some time to come. Argentina has a high risk of business and investment environment, and investors' rights are hard to guarantee. As the government intervened in the economy more and more deeply, the investment safety of foreign enterprises in Argentina is facing great uncertainty.

　 business environment

Argentina has basic conveniences for investment and business. First of all, Argentina's infrastructure is relatively convenient, the communications industry is relatively developed; Argentina has Latin America's third largest electricity market, and the electricity cost is low; the Argentina government is promoting a large-scale public investment plan with a total investment of 111 billion pesos. Second, Argentina has relatively abundant human capital. The proportion of public education support to GDP is very close to the average level of high income countries, making it rich in human capital, which is extremely beneficial to invest in hi-tech enterprises.

Finally, Argentina's basic policy of encouraging foreign investment has no restrictions on foreign investment, except in the military field, such as oil, transportation, communications and other sensitive areas. In order to encourage foreign capital inflow, Argentina provides a series of foreign investment. Tax preference Such as signing agreements with many countries to avoid the two tax payment; foreign investors who invest in manufacturing, mining, forestry, tourism and other fields can enjoy some subsidies and tax reduction concessions from the central and local governments; and give preferential treatment to small and medium-sized enterprises in foreign investment, such as export tax rebates, exemption of duties on imported complete sets of equipment, and additional export tax rebates for 10% sets of equipment.

　　 Bilateral trade

At present, China is Argentina's second largest trading partner and the largest export country of agricultural products, while Argentina is China's fifth largest trading partner in Latin America. In 2011, bilateral trade between China and Azerbaijan amounted to US $14 billion 780 million, an increase of 12.6% over the previous year and a surplus of 2 billion 220 million US dollars. The main products of China's exports to Argentina are machinery, vehicles, chemicals, knitted fabrics and so on. The main products imported from Argentina are oilseeds, feed, mineral fuels and so on. In addition to bilateral trade, the two sides have also launched extensive investment activities. China has become the third largest source of foreign investment in Argentina, and bilateral cooperation covers many fields such as oil and gas development, rail transit, infrastructure and so on.

　　 Overall risk assessment

Generally speaking, the political situation in Argentina is basically stable. However, due to economic slowdown and political differences, party disputes and social contradictions have intensified, which poses certain challenges to political stability. There are certain variables in the policy trend after the mid-term elections. The security situation at home and abroad is good in Argentina, and there is little possibility of large-scale military conflict outside. Affected by the international economic weakness and domestic economic policies. Argentina will be in a slow development period for some time, but the balance of payments will be basically stable, and the solvency risk of foreign debt will be basically controllable. Changes in domestic macroeconomic policies, the economic situation of the major external economies and their cooperation with Argentina deserve close attention.