Argentina
Argentina lives in a democracy since 1986. Before this year lived it under a military regime. In the nineties under the presidency of Menem the country experienced a great increase in the liberalization of trade. Argentina has a free market economic system. Due to the recent privatization program, the State now has a very limited role in the economy. According to the Competitiveness Report of the World Economic Forum Argentina is classified as one of the most open, least protectionist countries in the world. Its currency is convertible to the US dollars and there is total freedom for moving capital internationally. Argentina has conducted one of the most intensive privatization programs in the world. The telephone company, airlines, most railroads, electric power production companies (including hydroelectric power plants), the Argentine oil company YPF (bought by the Spanish company Repsol) steel mills, ports, TV stations and most public services were transferred recently to the private sector. Consistent with Fundacion Invertir the combined value of privatized firms amounts more to more than US$ 30 billions. Many foreign firms have participated in this large-scale privatization program. Foreign investors d
See AUTO PARTS/SERVECE table in appendix. Department of Commerce) Argentina has a free ports zone in Tierra del Fuego and La Plata. In October 1995, Argentina suspended import of fresh fruit from California in response to Oriental fruit fly detection in that state. 7 percent of imports to Argentina), Germany (US$ 1. In 1997, the fastest growing exporters to Argentina were Colombia (up 81. In 1991 with the presidency of Menem the country opened its trade barriers and the Mercosur was put into action. Other imports incur 50 percent of the normal tariff. TRADE PATTERN It is hard to state the type of trade that exists between Argentina and Brazil in the automobile industry because both countries import and export cars of the same brand and very similar models. Both countries had no positive results due to the high subsidies given by the European governments to their farmers. Argentina's trade with its other neighbor countries is not as significant as the trade it has with Brazil.
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