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German companies ask for "fiscal and legal incentives" to invest in Argentina

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During President Alberto Fernández's visit to Germany, the chamber released a survey it conducted among its 400 members, including the German companies with the highest turnover based in the country, and assured that "despite adverse projections" they intend to "contribute to the economic development of the country."

Regarding legal incentives, they stated that both The protection of foreign investments, such as the signing of free trade agreements, "are necessary to facilitate their business plan""AHK said in a statement.

On the other hand, regarding fiscal incentives, the companies asked for "incentives" for the creation of new jobs and for "fiscal stability for investments to be ensured as central factors to promote business activity in the country."

"The Chamber has been in the country for over 100 years. It is with the constructive spirit that characterizes us that we present these proposals to be able to stimulate German investments and contribute to the economic recovery of Argentina," said the president of AHK Argentina, Javier Pastorino.

Finally, they identified the sectors of energy, agribusiness and infrastructure as those with the greatest growth potential, and that the first two, together with the one servicesAre the sectors with better export prospects.

This morning, Fernández received the support of important German companies, including the automotive giant Volkswagen, which confirmed investments of US$ 800 million in its plants in the provinces of Buenos Aires and Córdoba, during a visit by the president to the company's technological headquarters in Berlin.

He also garnered the support of the industrial company Siemens and a dozen executives of German companies with investments in the country, to whom he made a diagnosis of the debt crisis that the country is going through, within the framework of his visit to Germany to meet with Chancellor Angela Merkel.

Source: Telam

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