Argentina reached an agreement with the French conglomerate Peugeot-Citroen and the importers of Italy’s Alfa Romeo, to balance imports-exports value, following on Argentina’s latest regulations for the country’s auto industry.
Argentina's industrial production expanded strongly in March over a year ago, 8.8%, as the consumer boom continues to fuel demand for everything from cars to home appliances. However monthly output slowed to a standstill and was unchanged from February, according to the national statistics institute, Indec release on Wednesday.
Argentina’s National Statistics Agency, Indec, announced Wednesday that poverty levels lowered in the second half of 2010, with 527,000 households below the poverty line (6.8%), which include a total of 2,475,000 people (9,9%).
Chile is studying supplying neighbouring Argentina with electricity during the southern hemisphere's summer, when demand spikes, daily newspaper La Tercera reported Wednesday.
Israel’s role during the 1982 Falkland Islands conflict as a willing supplier of arms, equipment and other materials to Argentina has been revealed in a book titled “Operation Israel: the rearming of Argentina during the dictatorship (1976/1983)” written by Hernan Dobry, with an advance published over the weekend in Buenos Aires daily La Nacion.
Brazil and Argentina aircraft industries have signed a partnership contract for the manufacturing of the Embraer KC 390, a medium sized twin engine jet powered military transport aircraft with a 23 tons capacity.
Canadian miner Lithium Americas Corp said it plans to start building a lithium carbonate facility next year at its Cauchuri project in the Argentine province of Jujuy. The plant with a total capacity of 40,000 tons per annum is expected to start adding to the company's revenue in 2014, Lithium Americas said in a statement.
Argentina's footwear industry hopes to make 200 million pairs and export 50 million shoes as part of new strategic growth plan by 2020, according to officials at leading trade federation Camara de la Industria del Calzado (CIC).
Argentina's February monthly economic activity indicator, or EMAE, jumped 8.7% on the year and was up 0.4% on the month, the national statistics agency Indec reported Monday. The EMAE comprises most components of gross domestic product.
Argentina's economy is among the fastest-growing in the world, but that may be little consolation to the country's luxury-car fans that have lost access to the world's best-selling premium car.