Country’s ambassador to London highlights opportunities in capital markets, renewables
Without dismissing the sovereignty claim to the Malvinas Islands, Argentina can lure in more investment from United Kingdom companies, Argentina’s ambassador in London Carlos Sersale di Cerisano said, claiming there’s a growing interest from UK firms in several sectors of the country such as renewable energy.
“Beyond our geopolitical differences regarding the country’s sovereignty claims on the Malvinas, the United Kingdom has maintained an international stance of support for Argentina’s search for new foreign markets. In fact, they have been the ones who have most supported us in pushing for a deal between Mercosur and the European Union,” he said.
Public Works and Transport Secretary Manuela López Menéndez made a presentation for UK firms last week at Argentina’s embassy in London on the country’s infrastructure plan during President Mauricio Macri’s term. Di Cerisano highlighted the interest of many UK companies and said many could invest in Argentina.
“Representatives from many British companies have already travelled to some provinces of Argentina to learn more about the country’s renewable energy sector. The government is moving fast in that area and plans to have eight percent of the country’s energy matrix based in renewables next year,” he said. “We want to put Argentina on the investment radar again.”
Following the settlement with the holdout funds in the United States, Argentina will become appealing for the foreign capital again, di Cerisano said, claming the Macri administration is working to change the rules to increase private investment in the country.
“If Argentina can lower its risk level, it will become attractive for international capital. We are already working in that direction after leaving the default far behind,” he said. “We have to create a proper legal framework for private investment in infrastructure projects. The government is already working on that and has sent a bill to Congress.”
Di Cerisano, an economist and former ambassador in South Africa, said the government not only seeks to have greater investment from the UK, but also to increase the number of small and medium-sized Argentine companies that export their goods, claming the embassy will help them in any way they need to make that happen.
“We want to make it easier for Argentine firms to export their products here. They can even partner with local companies to increase representation. Argentina has the opportunity to start exporting value-added goods to the UK such as agricultural and industrial products,” he said. “We’ll do that while encouraging UK investors to come to Argentina.”
Date: July 11, 2016