Beef exports from the four Mercosur member countries increased 17% in 2019, reaching a total of 2,704,000 tons, according to data from Rosgan – Rosario Stock Exchange. Argentina recorded a year-on-year increase in volume of exported meat of 54% (566,272 tons). Brazil, the largest exporter of the block, had an increase of 16%, Uruguay had no changes and Paraguay contracted its exports by -8%.
Volkswagen Argentina confirmed an investment of $ 800 million in its plants located in the provinces of Buenos Aires and Córdoba. Most of it will go to the production infrastructure for its new Tarek SUV, and the remaining $150 million to the production of the MQ281 6-speed transmission box for export to Europe.
The Argentine agro-export sector registered a currency settlement of $1.61 billion in January 2020, the lowest figure since 2015 ($1.08 billion), according to two organisations representing 45% of exports (CIARA and CEC). The figure means a fall of 8% year-on-year and 27% compared to December 2019 when the highest currency settlement was recorded for the period in the last 17 years. In January 2019 it was $1.75 billion.
Argentina bilateral trade with Brazil registered a negative balance of $20 million in January, according to data from the Ministry of Development, Industry and Foreign Trade of Brazil. Argentine exports totalled $ 662 million (-16.5% year-on-year), while imports $ 680 million (-0.3%). In January 2019, Argentina had registered a surplus of $120 million
German Chancellor Angela Merkel promised to find ways to help President Alberto Fernández in the renegotiation of Argentine sovereign debt with the IMF, during a dinner at the headquarters of the Ministry of Foreign Affairs in Berlin. During the meeting, the Argentine finance minister, Martín Guzmán, explained some aspects of the plan toward a “sustainable” debt that he will present in Congress next week.