The United States ambassador highlighted the role that the country can play on the global stage. “It can be part of the solution”, he stressed at Summit 2023
By iProfessional
09/05/2023 – 11,21hs
the first pane del Amcham Summit 2023 had as protagonist Marc Stanleyambassador of the USA in the Argentinawho highlighted the resources that the country has to offer in this complex context that the world is experiencing since Russia’s invasion of Ukraine and the effects it caused on the global economy.
“Argentina can collaborate with the United States and with other countries to bring food and fuel to the world; can be part of the solution and strengthen its economy at the same time,” said the US diplomat.
In this context, Stanley considered that “despite the challenges facing” the country, he is “optimistic because in Argentina there are excellent resources: the countryside, oil, gas, minerals and the most important asset, which is human capital”.
“There are always challenges, but we have a better chance of success if we face them together,” said the US ambassador. “This is how we will be the actors of the next 200 years of friendship between the US and Argentina. Together we can create a safer and more prosperous world,” concluded his speech.
The relationship between Argentina and the United States
Moments later, Stanley and Jorge Argüello (Argentine ambassador to the US) were consulted about the bilateral relationship and the US diplomat focused on highlight the ties of friendship between both countries and existing trade links, which he hopes will “continue to grow” over the next 200 years.
In the same discursive linehighlighted the assets that Argentina has and among them he mentioned that the country has “the second shale gas reserve in the world, the third in lithium deposits” and great wealth in minerals such as gold and silver.
Facundo Gómez Minujín, president of JP Morgan Argentina and Amcham: “The country is on the brink of a new crisis”
For his part, Argüello highlighted the permanent collaboration that currently exists between the two governments and recalled that a short time ago all the governors of the great north traveled to the United States: “The governors of Jujuy, Salta and Catamarca were there, which are the three litiferous regions of the country. We export to the The United States 9% of what we produce in terms of lithium and work to multiply it by 5 or 7; that is why I insist on the need to unlock issues that break with the logic of increasing bilateral cooperation”.
Companies on alert
At the opening of Summit 2023, Facundo Gomez Minujinpresident of JP Morgan Argentina and of Amcham, said that “the country is on the verge of a new crisis, the tenth since the return to democracy.”
“Argentina has been in constant decline for 70 years and clearly that decline has been accelerating; to speak of closer moments, Argentina began to feel the slowdown of its economy at the end of 2022, continuing the cooling in the first quarter of this year, which leads us to anticipate that once again a new recession has begun for our already weakened finances; unfortunately we will experience a recession with inflation”, diagnosed the president of JP Morgan Argentina and Amcham.
“It is impossible to plan for the long term when we do not have visibility in the very short term. We are sailing in a fog bank and this level of uncertainty is constant and resonant,” she added.
In any case, the executive of the American bank remarked that from Amcham they consider that 2023 will be a pivotal year for Argentina: “We are facing a new great opportunity. Let’s hope this time we do not miss it. Once the fiscal deficit is eliminated, it will be given true independence to the Central Bank and its board of directors, and excessive state spending is cut, the country will begin to grow steadily and beneficially for the entire population”.
