Page 330 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

Dr. Al Zeyoudi highlighted the UAE's dedication to enhancing economic ties with Argentina. He
stated that "Argentina is an important economic partner for the UAE," emphasising opportunities to
boost trade and investment flows in sectors crucial for both nations' futures.
Al Zeyoudi also promoted the UAE's pro-business regulatory environment. He noted that its global
connectivity, advanced infrastructure, and strategic location make it an ideal platform for
Argentinian businesses seeking international expansion.

Werthein underscored the importance of strengthening economic cooperation with the UAE. He
remarked that launching RIGI is a pivotal step towards creating a more competitive environment for
investors.
Expanding Global Trade Relations

The RIGI programme offers regulatory stability, tax incentives, and long-term predictability for
foreign investors in Argentina. This ensures businesses can expand confidently while accessing
high-growth opportunities in sectors such as mining and energy.

Al Zeyoudi highlighted the UAE's expanding global trade relations through its Comprehensive
Economic Partnership Agreement. This makes it an attractive gateway for South American
companies aiming to access high-growth markets in the Middle East, Asia, and Africa.

Commitment to Future Collaboration

The seminar concluded with a commitment from both nations to strengthen economic
collaboration further. They aim to explore joint investment projects and new areas of cooperation in
future years.

This builds on growing non-oil trade between the two countries, which reached US$537.1 million in
2024—a 68% increase from 2019. Major Argentinian exports include corn, iron pipes, and soybean
products.

Bilateral Investment Treaty
The UAE exports high-value machinery and tools supporting Argentina's manufacturing and
technology sectors. In 2018, both nations signed a Bilateral Investment Treaty (BIT) to deepen
investment ties further.

This treaty reinforces their shared commitment to fostering a transparent investment environment
for businesses in both countries. Additionally, the UAE continues exploring closer engagement with
South American countries through discussions with Mercosur to enhance market access across
the region.

https://www.onearabia.me/business/uae-argentina-new-investment-opportunities-011-
97169.html