The Argentine Economy Recovers Strength

Patrick Archer competitiveness, foreign investment

The buzz about Argentina seems to be having an impact on investors of all stripes. After Sunday’s 3-1 defeat of Mexico, global betting sources say the Albiceleste’s odds of winning the World Cup improved to 15/4, third only to Spain and Brazil. Whether sports gambling qualifies as “investing” is certainly open to debate; however, a more sober cadre of long-term …

ArgenChina: Soybean Rift Highlights Degree of Trade Dependence

Patrick Archer agribusiness, competitiveness

The Argentina-China bilateral trade relationship is experiencing some mild turbulence thanks to a recent rift over soybean oil exports. The pairing of the world’s largest soybean oil exporter (Argentina) with the world’s largest consumer (China) was a match made in import/export heaven. But like all good relationships, jealousy often surfaces when one partner seems to be gaining the upper hand …

Argentina Auto Production Grows 170%

Patrick Archer foreign investment, us companies

Another positive sign of economic recovery for both Argentina and several export destination countries based on data released yesterday by the Argentina Association of Auto Manufacturers (ADEFA). The Association is reporting a 170% increase in auto production for February 2010 compared to the previous year, or approximately 40,000 units compared to 14,900 units in February 2009. Last month’s robust auto …

Faking It: “Viagra Trucho” Washes Ashore in Buenos Aires

Patrick Archer buenos aires events, lifestyle

No shortage of strange merchandise arrives daily at the Port of Buenos Aires, but the shipment seized yesterday by port officials is the kind of fodder that makes satirists and late-night talk show hosts salivate. On the surface, the jumbo container from China appeared innocent enough….“Electric Lamps” read the paperwork. But on closer inspection, Argentine Customs officials discovered 400,000 blister …

More Rain, Greater Efficiency Yield Bumper Corn Crop in Argentina

Patrick Archer agribusiness, competitiveness

After a dismal 2008 marred by drought and dramatically reduced output, corn farmers in Buenos Aires finally have something to celebrate. Bloomberg reports today that “Argentina, the world’s second-largest corn exporter, may increase output by more than 42 percent this year from previous estimates as spring rains boost yields to a record.” While officials were forecasting 12 million tons of …