India and Vietnam, the two economic powers of Asia that Mauricio Macri will visit during his tour

When Mauricio Macri start your visit on Friday India and Vietnam It will seek to immerse itself in an impressive world of investment opportunities for Argentina for one simple reason: it will reach the lands where two of the most developed economies emerging in recent years are emerging. Asia, with an potential market of more than 1.5 billion inhabitants with a sustained economic growth of 6% per yearthey have become an essential place for business.

Macri will leave today with an Emirates Fly flight to Dubai, despite recommendations not to travel by plane to the Ministry of Security. From there, he will cross India and Vietnam in a private plane.

A substantial difference between India and Vietnam's giant China that has also seen strong growth in recent years. These two countries, in which Macri seeks to strengthen relations and increase trade, rely on democratic systems. with free elections and not in a communist regime with handpicked authorities, like in Beijing.

India is one of the largest growing economies in the world and the second most populous country after China on the planet with a population of 1,400 million, a GDP growth of 7.2% over the past year and a global trade of $ 2 trillion where, strangely, poverty does not reach more than 12%.

Macri will meet his pair Narendra Modi whose party, Bharatiya Janata, has won the elections since 2014. It will not be their first meeting because they have met at least three times in the last two years at various international meetings. India is a country where there are 407 inhabitants per square kilometer and the life expectancy at birth is 68 years. Over the last 10 years, India's GDP has grown on average by 6% and the fastest growing sectors of the economy are agriculture (17%), industry (29%) and services (54%).

The trade balance of India and Argentina does not exceed 3,000 million dollars and is favorable to our country. Argentina sold between 2017 and 2018 about 1,200 million dollars to India, concentrated to more than 90% in a single product: soybean oil. And imported from there precious stones, refined oil, cars, chemicals, medicines, iron and steel.

The goal of Macri's trip will however be to promote market access negotiations for citrus fruits, grapes, fresh eggs, blueberries and yerba mate. Argentina will also try to boost exports of agricultural machinery, mining, gas and oil.

"We are well on the way to deepen bilateral relations between Argentina and India, and both sides are interested in creating business opportunities for both countries and I think we can achieve this, "he said. Infobae the ambbadador of India in Argentina, Sanjiv Ranjan, excited about Macri's visit to New Delhi.

For its part, the ambbadador of Argentina in India, Daniel ChuburuHe added, "Relationships need to move forward, improve the quality of relationships and deepen them strategically to be seen as partners in achieving food and energy security goals, and diversify by integrating high-tech products into new ones. sensitive sectors. "

India has increased its GDP fivefold in the last fifteen years and, according to the World Bank, nominal per capita income is US $ 1,980. Argentina has received Indian investments in various areas: television camera systems, CRISIL (services), WIPRO (technologies), Bajraj (motorcycles), Cellent Technologies, Cognizant Technologies, United Phosphorous (agrochemicals), Glenmar ( pharmaceuticals) and Godrej (dyes). ). And the Argentine companies located in India are Techint, Biosidus and Bago. INVAP provided, in turnkey mode, a facility for the manufacture of radioisotopes for medical purposes. The factory was built by BRIT.

At the same time, India has every interest in fully entering the drug market in Argentina because it was listed in 2014 on the ANMAT list, but the pressure exerted by European or North American laboratories makes competition difficult. for this country.

Vietnam, in its relative scale, reproduces the behavior of India, although it is a much smaller country, endowed with a very bloody political history, who had to recover after the aftermath of the 1970s by the war between communism and the United States. . With a population of 96 million, Vietnam has a nominal income per capita of 2,340 USD. However, when the figures are calculated on the basis of purchasing power, per capita income would reach $ 6,450.

"Argentina's relations with India, mainly, but also with Vietnam, will continue to grow more than Argentina's efforts because of the growth of these economies and the progress of their businesses on the international stage ". Argentina's policy had an anti-export bias since 2010 despite the announcements, "he explained to Infobae Felipe Frydman, former ambbadador of Argentina to Vietnam.

In 2018, 45 years of diplomatic relations between Argentina and Vietnam were completed. So, In recent years, Vietnam has become the fifth destination of our exports (USD 2,000 million), accounting for 3% of Argentina's total exports.. Bilateral trade between Argentina and Vietnam has increased 10-fold over the past 10 years and reached $ 2,700 million in 2018. It is also worthwhile to say that Argentina supplies 11% of the goods. agro-industrial products imported by Vietnam.

The current ambbadador of Argentina to Vietnam, Juan Valle RaleighHe expressed Infobae that Vietnam "is one of the most powerful countries in Southeast Asia and that the socially-oriented market economy model gives very good results".

So, this little country that has endured the ravages of war it has grown to 6.5% on average over the last 15 years and with its 94 million inhabitants in a territory that represents twice the area of ​​Salta, GDP reached 245,000 million USD.

Argentinian products exported to Vietnam come mainly from the agro-industrial sector (95%) and mainly commodities. The savings are complementary and Argentine products are integrated with local production for consumption and export. Thus, the local market offers excellent opportunities for Argentine production and, in recent years, the sale of frozen fish, meat and wine has increased.

The Macri's challenge during this visit will be to develop and diversify the exchanges with products with higher added value.. Thus, among the goals set for this trip, the president proposed to promote larger exports in the meat, wine, fruit, vegetable and pharmaceutical industries. As a result, a business forum of about 300 businessmen and a meeting of Argentine agribusiness groups with about 12 Vietnamese conglomerates will take place in the middle of the tour.

The Macri government has ranked Vietnam among Argentina's strategic markets. Thus, several trade missions have already been carried out, mainly in 2017 and 2018 and high-level visits, such as the President of PRO, Senator Humberto Schiavoni, Secretary of Commerce.
Exterior, Marisa Bircher and Chancellor Jorge Faurie.

In this context, the visit Macri will face today in Vietnam and India is a new gateway to the Asian market after the very strong emergence of China in the Argentine market.