The arrival of Joseph Biden and the bilateral relationship: an X-ray of Argentina’s trade with the US and US investments in the country

 The arrival of Joseph Biden and the bilateral relationship: an X-ray of Argentina’s trade with the US and US investments in the country

Biden, signing one of his 30 “executive orders”, which seek to redefine Washington’s agendaEFE/Ken CedenoThe United States is the largest foreign investor in the world and also in Argentina and is (after Brazil and China) our country’s third largest trading partner, with which it maintains a consistent trade surplus, although this shows a declining trend, basically due to the fall in Argentine purchases. Furthermore, while the ten main products explain 80 % of our country’s sales, purchases from the USA show a lower concentration: the ten main products explain the 40l overall imported from the northern power.On the other hand, the contribution of capital and technology from North American companies has its weight in the extraction of non-conventional fuels and the development of the Vaca Muerta geological formation, with OPIC, a North American investment financing agency having financed in recent years investments by Vista Oil, the oil company founded by Miguel Galuccio, the former president of YPF and source of consultation for the vice-president Cristina Kirchner on energy issues, and the North American firm Aleph Mistream.Such children some of the data from a prospective report by the consulting firm Abeceb on “Argentina’s economic relations with Biden’s USA”, which also includes a review of recent bilateral political developments, such as the failed attempt by the government of Alberto Fernandez to block the election at the head of the Inter-American Development Bank of Mauricio Claver Carone, who was elected by the administration of Donald Trump but obtained massive support from several Latin American countries.President Alberto Fernandez following the launch of the Saocom satellite, a milestone in technological collaboration with the United States:- Global and local weight: The report states that the United States continues to be the primary global power, explaining a quarter of the world’s GDP, to the point that its stock of Foreign Direct Investment (FDI) represents 12.5 percent of global investment. It is also the world’s leading importer and second largest exporter
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