Headlines of the past few years are hard to ignore. After a decade of substantial growth and foreign investment, the Argentine economy caved in late 2001, prompting the biggest foreign debt default in history — more than US$100 billion. (Yes, billion, with a "b")
But things are definitely looking up. Growth has been blistering and a free-floating peso has made assets comparatively cheap. Argentines themselves are highly trained professionals, and they are hungry to get back to work.
The best contacts and resources to help you get it done
Start off with some trade shows
Find potential partners by attending trade fairs in-country.
I recommend: A calendar of Argentine trade fairs is at
Ferias & Congresos, an event promoters' site.
Expotrade, too, keeps up with shows and events, as does the
Exportar Foundation.
Find a local partner
A first step toward doing business might be to find a domestic reseller of your goods or service, or perhaps a franchisee of your brand.
I recommend: Amcham Argentina, the American Chamber of Commerce in Argentina, publishes a
monthly list of trade leads online.
Business News Americas maintains a pay database directory of companies in Latin America searchable by geography and sector.
Sell to government
Your biggest customer by far in much of the developing world is the public purse. Getting involved in selling to Argentina's government is as easy as going online.
I recommend: Get started at the Argentine official purchasing site,
ArgentinaCompra.
Get involved with those who matter
It's very common in Latin America for nearly every industry to have its own trade group. Know these folks, and you'll be in the loop on everything that might affect your investment.
I recommend: The Argentine government maintains a (Spanish-language) page of
sector chambers, from construction and cosmetics down to peanuts and air-conditioning. The U.S. government also runs
commercial offices worldwide.
Business News Americas maintains a pay database directory of companies in Latin America searchable by geography and sector.
Do your homework
Argentine foreign investment law is a moving target, to say the least. Understanding where you stand is vital.
I recommend: Learn how to form a corporation, hire and fire and pay taxes from the government's English-language versions of investment and legal guides at the
Argentine Investment Promotion Agency, ADI. The World Bank publishes
basic economic data and factlets like time to start a business and labor cost indexes.
Understand the numbers
The Argentine economy has been a rollercoaster ride in recent years. Getting a grip on how wide those swings might be can convince you of the opportunity -- or convince you to pass it up.
I recommend: The
Centro de Economía Internacional posts economic briefings that are as detailed and updated as you are likely to find. Data vendor
Latin Focus keeps an updated page of news in English and Spanish.