2018.02.08 Presentation of trade and economic potential of the Argentine Republic

On February 8, 2018, the President of the Kherson CCI Viktoria Ostroumova took part in the presentation of trade and economic potential of the Argentine Republic, which was held at the Chamber of Commerce and Industry of Ukraine. The presentation was performed by the Ambassador Extraordinary and Plenipotentiary of the Argentine Republic to Ukraine Alberto José Alonso.  

According to the export strategy of Ukraine, approved in 2017, Argentina is one of the priority areas for national exports. Prospects for cooperation exist in particular in the following areas:

  • energy (participation of Ukrainian enterprises in projects aimed to increase the capacity of existing hydroelectric plants, participation in the construction of new power generating facilities, equipping the national transmission network with modern transformer equipment);
  • aviation (the restoration of the aircraft industry potential based on the creation of an assembling production in the country using technologies of the “Antonov” brand);
  • rail transport (renewal and modernization of the Argentine rail passenger service system);
  • agriculture (attracting advanced Argentinian technologies and investments to optimize agricultural production in Ukraine);
  • tourism.

The Ambassador noted that in November 2017 an Agreement was signed between the Association of Agricultural Machinery Manufacturers of Argentina and the relevant associations of Ukraine. It provides all the participants with the opportunity to attract domestic lending with 30% of compensation, provided creating of joint ventures. Projects on attracting know-how of Argentina and Argentinian technologies to the agricultural sector of Ukraine are being considered.

In car manufacturing area, one of the Ukrainian corporations is in talks with the regional administration of the Cordoba province in Argentina on investments in buses production in Argentina. The prospect of creating a joint venture is also being discussed.

There are also negotiations between pharmaceutical companies about the mutual supply of Ukrainian medicines to the Argentine market and the Argentinian ones - to Ukrainian, about the co-producing creation for provision of pharmaceutical products not only to both countries, but also to the third ones.

The winemaking industry is very promising for further bilateral cooperation. Argentina now supplies a lot of wine to Ukraine, which is known to us as the "New World" wine.

According to the Ambassador, an important step towards the development of the interaction between Argentina and Ukraine, the first over the past 12 years, will be the meeting of the Intergovernmental Commission scheduled for June 2018.

In his turn, Vice-President of the Ukrainian Chamber of Commerce Valeriy Korol noted that in March 2018 an official visit of the Minister for Foreign Affairs of Ukraine to the countries of South America, including to Argentina, is scheduled. Within the framework of this visit, the CCI of Ukraine forms a delegation of Ukrainian entrepreneurs interested in establishing cooperation with these countries.

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