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Sica: “Innovation is the only way to grow”

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The Minister of Production and Labor, Dante Sica, stated this Thursday (11.07.2019) that the country's development must be based on "innovation" within each company and urged entrepreneurs to "invest, because it is the only way to grow and generate employment." Sica spoke at the opening of the most important global services summit in the region, which is being held for the first time in the country, called "Made in the Americas Global Digital Services (MITA GDS Summit)."

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Minister Dante Sica at the opening of the MITA GDS Summit Photo:Aduana News

The event is organized by the Inter-American Development Bank (IDB) together with the Ministry of Production and Labor and the Argentine Agency for Investment and International Trade.

The minister pointed out that the key to development lies in "innovation within the company and it has been proven that all countries that have invested and generated innovation mechanisms have greatly improved their GDP per capita."

«Argentina needs to increase investment in innovation because it is the only way to grow, ensure development and generate quality jobs.»

Sica said that new technologies "such as the Internet of Things, artificial intelligence, blockchain, among others, are revolutionizing business and we have to rise to the challenge."

"The event is very important because it can mobilize a large sector that is very relevant for Argentina, not only for its impact but because it affects all sectors. We hope to take advantage of it, so that everyone can come, attract investments and continue growing in exports," he said.

Law of Knowledge, Opportunity

In turn, the Secretary of Entrepreneurs and SMEs, Mariano Mayer, stated that "the Knowledge Economy Law is a historic opportunity to continue promoting one of the greatest engines of development, innovation and growth for all productive sectors in Argentina."

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Mariano Mayer explains the Law of Knowledge. Photo Aduana News

Mayer explained that "after the Mercosur-European Union agreement, an opportunity has opened up for all Argentine SMEs that want to export, improve their productivity, and advance in digital transformation."

«Europe is one of the main buyers of services.»

More than 1.500 companies, entrepreneurs, government representatives and chambers of commerce from more than 40 countries in the Americas, the Caribbean, Asia and Europe are participating in the event. The summit is a platform where hundreds of Argentine companies meet with foreign buyers through more than 3.000 business meetings to generate new export opportunities, alliances and investments.

Entrepreneurs at the MITA GDS Summit. Photo:Aduana News

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