Business

The UAE and Argentina have reaffirmed their commitment to enhancing economic cooperation through a high-level economic seminar in Abu Dhabi. Hosted by the UAE Ministry of Economy in collaboration with the Abu Dhabi Chamber of Commerce and Industry, the event brought together senior officials and business leaders to explore new trade and investment opportunities.

The seminar, held during the official visit of HE Gerardo Werthein, Argentina’s Minister of Foreign Affairs, International Trade and Worship, introduced Argentina’s new Incentive Regime for Large Investments (RIGI), aimed at attracting foreign investors. The initiative offers regulatory stability, tax incentives, and long-term predictability in key sectors such as mining, energy, infrastructure, and technology.

HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, highlighted Argentina’s significance as a trade partner, stating, “Argentina is an important economic partner for the UAE, and we see significant opportunities to enhance trade and investment flows in sectors that will shape the future of both our nations. The introduction of RIGI reflects Argentina’s ambition to create a world-class investment environment, and we believe UAE businesses are well positioned to benefit from this new framework.”

HE Al Zeyoudi also emphasized the UAE’s pro-business regulatory environment, global connectivity, and strategic location as key advantages for Argentinian businesses looking to expand internationally. He pointed to the UAE’s Comprehensive Economic Partnership Agreements (CEPAs) as a gateway for South American companies seeking access to high-growth markets in the Middle East, Asia, and Africa.

On his part, HE Gerardo Werthein underscored Argentina’s commitment to strengthening trade relations with the UAE. He stated, “We are committed to deepening our strategic partnership with the UAE, a global hub for trade and investment. The RIGI framework presents a key opportunity to attract Emirati investments into Argentina’s priority sectors. We look forward to fostering sustainable partnerships that drive mutual growth.”

Non-oil trade between the UAE and Argentina reached $537.1 million in 2024, nearly doubling since 2019. Argentina’s key exports to the UAE include corn, iron pipes, and soybean products, while the UAE supplies high-value machinery and tools, supporting Argentina’s manufacturing and technology sectors.

The seminar concluded with a commitment to strengthen bilateral investment cooperation, explore joint projects, and enhance trade partnerships. The UAE and Argentina continue to build on their investment ties, reinforced by a Bilateral Investment Treaty (BIT) signed in 2018 and ongoing discussions with Mercosur to expand trade access across South America.

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