Page 336 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

tax incentives, and long-term predictability for foreign investors, ensuring that businesses operating
in Argentina can expand with confidence and access high-growth opportunities.

The UAE-Argentina seminar concluded with a commitment from both nations to continue
strengthening economic collaboration, exploring joint investment projects, trade partnerships, and
new areas of cooperation in the years ahead. It builds on growing non-oil trade that reached
US$537.1 million in 2024, a 68% increase from 2019. Major Argentinian exports to the UAE include
corn, iron pipes, and soybean products, reflecting Argentina’s strength in agricultural and industrial
goods.

Meanwhile, the UAE exports high-value machinery and tools, supporting Argentina’s growing
manufacturing and technology sectors.

In 2018, the two nations took a significant step towards deepening investment ties by signing a
Bilateral Investment Treaty (BIT), reinforcing a shared commitment to fostering a transparent and
secure investment environment for businesses in both countries.
The UAE also continues to explore closer engagement with South American countries, including
Argentina, through direct discussions with Mercosur, the South American trade bloc, to enhance
market access and trade flows across the region.

https://www.msn.com/en-ae/news/other/uae-argentina-explore-new-investment-opportunities/ar-
AA1yrwbM