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Investment agreement concluded with Argentina



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The Deputy Prime Minister and Minister for Trade

MEDIA RELEASE

INVESTMENT AGREEMENT CONCLUDED WITH ARGENTINA

The Deputy Prime Minister and Minister for Trade, Tim Fischer, today welcomed the conclusion of a new agreement between Australia and Argentina on the promotion and protection of investments.

The agreement, which came into effect on January 10, was strongly supported by Australian business in Argentina. Australian investment in Argentina has been growing rapidly over the past four years and is expected to expand further.

The agreement will provide increased certainty for Australian businesses investing in Argentina. It includes provisions designed to ensure fair and equitable treatment of investments.

“The agreement will help to facilitate the expansion of commercial links between Australia and Argentina, particularly Australian investments in Argentina which are already expanding,” Mr Fischer said.

He said the economic reform agenda pursued by the Argentine Government since 1989 was creating a range of opportunities for Australian traders and investors. He reaffirmed the Government’s commitment to working with Australian industry to expand our commercial relations with Argentina and South America.

Argentina was a focus market at the National Trade and Investment Outlook Conference (NTIOC) which Mr Fischer hosted in December last year. At this conference a number of senior Argentine business people made presentations to Australian business on developments in Argentina in a range of sectors.

13 January, 1997 970113a

COMMONWEALTH PARLIAMENTARY LIBRARY

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