FACTS ON ARGENTINA
U.S. investment is concentrated in financial services, telecommunications,
energy, petrochemicals, food processing, and motor vehicle manufacturing.
However, the economic crisis and recent government decisions have clouded
the country's investment climate, and many U.S. firms have substantially written
down the value of their Argentine investments.
Other major sources of investment include Spain, Chile, Italy, France, Canada,
and Japan. Several bilateral agreements generated significant U.S. private
investment during the 1990s. Argentina has an Overseas Private Investment
Corporation (OPIC) agreement and an active program with the U.S. Export-Import
Bank. Under the 1994 U.S.-Argentina Bilateral Investment Treaty, U.S. investors
enjoy national treatment in all sectors except shipbuilding, fishing, nuclear
power generation, and uranium production. The treaty allows for international
arbitration of investment disputes, and some U.S. investors are currently
in the early stages of filing arbitration claims against the Government of