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AmCham Backs Argentina’s Policy Shift Ahead of Summit With Milei

Business leaders see pro-market changes drawing investment interest, with credit strains and legal uncertainty weighing on demand.

Overview

  • The AmCham Summit, which convenes Tuesday in Buenos Aires, will feature President Javier Milei alongside senior ministers, governors and U.S. company executives.
  • AmCham says Argentina is moving in the right direction for the first time since 2011, citing deregulation, the eased Glaciers law and a labor reform aimed at boosting competitiveness.
  • Executives flag three persistent hurdles to faster investment: weak transport and energy infrastructure, a labor reform still in legal limbo and a heavy effective tax load on formal firms due to 38–40% informality.
  • Investment interest is clustering in mining, oil and gas, agribusiness and the knowledge economy, with approved mining projects under the RIGI incentive regime totaling about $26 billion to be deployed over several years.
  • AmCham urges a review of monetary policy to revive consumer credit as delinquency rises and middle-class purchasing power stays strained, warning that weak demand could prolong a flat growth patch.