Governor Geraldo Alckmin and President of Argentina Maurício Macri plan to increase investments and business between São Paulo and Argentina
Meeting was held at Casa Rosada after the opening of the largest trade mission to Argentina ever held by BraziliansInveste São Paulo
The Governor of the state of São Paulo, Geraldo Alckmin, encouraged the strengthening of the trade relations between São Paulo and Argentina during a meeting with President Maurício Macri, held on November 3 at Casa Rosada, in Buenos Aires.
The conversation with Macri took place after the opening of the trade mission promoted by Investe São Paulo until Friday, November 4, in Buenos Aires, the largest action of its kind to Argentina ever held by Brazilians. The number of participating companies reached 94, including economic sectors such as furniture, decor, textiles, machinery and equipment, architecture, food, cosmetics, safety, hygiene, construction, packaging, among others. This mission is expected to generate a turnover exceeding R$90 million.
The intention of the meeting between Macri and Geraldo Alckmin is to boost the economy of both countries, generating jobs and income to both Brazilians and Argentines. The Argentine president was enthusiastic about Geraldo Alckmin’s willingness to increase the business volume at a time when Brazil and Argentina seek to modernize their economies and signal to the world the creation of favorable environments for new investments.
The Argentine President asked Geraldo Alckmin to encourage Mercosur, emphasizing that good business partnerships with the world also depend on the understanding between Latin American countries.
Alckmin told Macri that Brazil’s economy will react and that the two countries will take advantage of the policies that are being implemented to contain public spending and encourage investments. The governor of São Paulo highlighted that the state will not report deficit this year and growth is already showing signs of recovery.
Geraldo Alckmin also stated at the meeting that the state of São Paulo has been working to open a Product Distribution Center in Dubai, United Arab Emirates, through Investe São Paulo. The agency's president, Juan Quirós, explained that he will go to Dubai this month for the final arrangements and that Argentine companies that operate jointly with companies from São Paulo and Brazil are able to use the Distribution Center to ship their products to the Middle East and Asia.
Macri was excited with the news and the new business opportunities. “If São Paulo and Brazil are doing well, Argentina will do as well. I am happy with your initiative to come to Argentina and encourage businesses that will generate jobs,” thanked the Argentine president, who was invited by Geraldo Alckmin to visit São Paulo.
“The intensification of the institutional and commercial relations between Brazil and Argentina opens up many opportunities for companies from São Paulo. The country has a strong economy and growth trend in the coming years. In addition, our middle class has a high purchasing power. The mission helps entrepreneurs in the state of São Paulo to take advantage of the new business opportunities with the country,” said the president of Investe São Paulo, Juan Quirós.
The mission was organized by Investe São Paulo, the investment and export promotion agency of the state of São Paulo and is part of the SP Export program. Promoted through an agreement with Apex-Brazil, the Brazilian Trade and Investment Promotion Agency, the SP Export aims to encourage the exporting culture in the business community of São Paulo.
For this mission, Investe SP and Apex-Brazil will also rely on the partnership with the Brazilian Textile and Apparel Industry Association (Abit), which selected the participants of Texbrasil, an Internationalization Program of the Brazilian Textile and Fashion Industry and the Ethanol Local Productive Arrangement (APLA), which brings together agents from the sugarcane agroindustrial chain, and the Brazilian Machinery and Equipment Association (Abimaq), the Brazilian Association of the Cosmetics, Toiletry and Fragrance Industry (Abihpec) and the Brazilian Association of the Lighting Industry (Abilux).
“Argentina is the main destination of many products from São Paulo. For this reason, it is essential to develop joint efforts to expand bilateral trade between our countries,” said the Secretary of Economic Development, Science, Technology and Innovation, vice-governor Márcio França.
Historically, Argentina has always been an important trading partner of the state of São Paulo. Today, for example, Brazil has more than 5,000 companies that export to Argentina, and more than half of them are in the state.
According to the Ministry of Industry, Trade and Services, Argentina is second in the ranking of countries to which São Paulo exports the most, behind only the United States.
In this bilateral trade, small and medium enterprises from São Paulo have shown an outstanding performance in recent years.
According to the Ministry of Development, Industry and Foreign Trade (MDIC), 82% of companies from São Paulo that exported to Argentina in 2015 sold up to US$ 1 million – which points to a potentially higher share of small and medium enterprises in trade from São Paulo with the country. The mission promoted by Investe SP seeks to consolidate and expand its presence in foreign trade, especially in this market segment.
About the mission
The mission promoted by Investe SP and Apex-Brazil involved, in the first day, a preparatory meeting with the participating entrepreneurs, covering topics such as the Argentine market, legal and tax issues, tips on how to do business, among other topics. Then, the participants participated in technical and commercial visits to supermarket chains, department stores, shopping malls, construction sites, etc.
The institutional opening of the mission took place on Thursday, with authorities such as the ambassador of Brazil in Argentina Sérgio Danese, the president of Investe SP, Juan Quirós, the president of Invest Argentina, Juan Procaccini, the superintendent director of Abit, Fernando Pimentel, the director of Apex-Brazil, Francisco Luna, among other authorities.