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FACTS ON ARGENTINA



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Investment


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 Argentina.





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