WASHINGTON, D.C.— The U.S. Chamber of Commerce, in partnership with AmCham Argentina, today hosted President Mauricio Macri of Argentina and launched the U.S.-Argentina Business Council through the signing of a memorandum of understanding with the Foro de Convergencia Empresarial (FCE).
The U.S.-Argentina Business Council, as a platform for dialogue between each country’s private sectors, will be dedicated to fostering bilateral trade and investment and will provide insight to both governments on policy that fosters business growth and economic competitiveness.
The memorandum of understanding was signed during an event featuring Argentinian President Mauricio Macri, who shared with business leaders his perspective on the domestic reforms he’s undertaken in his country.
U.S. Chamber Executive Vice President and Head of International Affairs Myron Brilliant and FCE President Miguel Blanco signed the memorandum of understanding to establish increased cooperation between the organizations and to launch the U.S.-Argentina Business Council.
“As the third largest economy in Latin America, Argentina has long been a key market for U.S. exports and investment, and President Macri’s sweeping market-oriented reforms over the past year and a half have unleashed new opportunities for American goods and services providers,” said Brilliant. “In launching the U.S.-Argentina Business Council today, the U.S. private sector seeks to do its part to continue supporting the reform-oriented agenda of the Macri government, our partners in the Argentine private sector, and U.S. companies and investors committed to Argentina.”
Bilateral goods and services trade with Argentina totaled an estimated $22.4 billion in 2015, and more than 500 U.S. companies are among the top investors in the country with nearly $20 billion invested in Argentina as of 2013.
The U.S.-Argentina Business Council will hold its inaugural board of directors meeting in Buenos Aires later this year.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 70 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.