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Argentina

EDC Position-restricted select programs

EDC's Position

  • Responsive approach to business
  • Open on a restricted basis under select programs

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Country At A Glance

Flag  of Argentina
Map of Argentina

Country Facts

Nominal GDP607.90 Billion USD
Population43.13 Million
Total Trade/GDP24.46%
CurrencyArgentine Peso (ARS)
Merchandise Imports from Canada310.05 Million CAD
Canadian direct investment1,182 Million CAD
Main importsIntermediate, Capital & Consumer Goods, Fuels

EDC in Argentina

Canadian companies assisted99
International buyers insured124
Business volume115.14 Million CAD

Business Environment

Argentina is one of the largest economies in Latin America with a GDP of more than USD 607 Billion in 2015. Argentina is rich in natural resources and is a major food producer. For many years, Argentina's domestic economy has been subject to government intervention, trade protectionism and foreign-exchange controls; however, in Dec 2015, President Macri became the country’s first center-right, market friendly president to win a fair election in modern history. Since his election into office, President Macri has taken significant steps to liberalize the Argentine economy by lifting capital controls, floating the peso, negotiating debt payments with holdout bond creditors and removing export controls. The structural deficit in infrastructure and energy started to be addressed by this Government, with several power projects already awarded to reduce the circa 3GW energy deficit and a program to increase the percentage of renewables in the country’s matrix.

Key Industries

  • Agriculture
  • Mining & Metals
  • Oil and Gas
  • Power

How we can support your business

Through our representation in São Paulo and Rio de Janeiro, Brazil, we provide regional support to Canadian companies planning on or currently doing business in Argentina. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

Related Information

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