The Community of Madrid signs a collaboration agreement with Buenos Aires to attract investments and promote internationalization
Today, the Community of Madrid has signed a collaboration agreement with the city of Buenos Aires to promote the attraction of projects and guide Madrid companies that decide to open up to international markets and opt for the Argentine capital.
The Minister of Economy, Finance and Employment, Rocío Albert, explained after the signing that this agreement aims to "promote internationalization and mutual cooperation and stimulate public-private collaboration." Accompanied by the Minister of Economic Development and Production of Buenos Aires, José Luis Giusti, she highlighted the “good harmony between two sister regions with many things in common.”
The memorandum signed today includes specific actions to facilitate trade flow, such as seminars, training programs linked to exports, institutional and business visits, meetings with experts or participation in fairs and events, among others.
Also, as the head of the economic area of the regional Executive has pointed out, "we will exchange experiences and information on the regulatory and normative framework to create the most favorable climate and continue attracting talent, innovation and capital, basic tools to generate employment and prosperity."
Since 2019, the Community has been Argentina's main investment destination in Spain, concentrating 96,7% of the total, according to data from the Ministry of Industry, Commerce and Tourism. This agreement aims to promote this relationship and is part of the agency's roadmap for attracting foreign investment. Invest in Madrid in Latin America, with special attention to countries such as Mexico, Chile, Colombia and Argentina due to the opportunities that the region offers to expand the activity of consolidated companies or to open new headquarters, as a gateway to Europe.
Leadership in attracting foreign resources
The Madrid region leads the acquisition of foreign resources, concentrating more than 75.000 million euros since 2019, 64,7% of the national total. In the opinion of Minister Albert, these results “are not the result of chance, but of maintaining policies based on legal certainty, the elimination of administrative obstacles and the creation of a favorable climate for the economy for almost three decades.”