| 3 Top Tips for Doing Business with Argentina |
With a population of 44.7 million and a GDP of USD 518.4 billion (2018), Argentina is one of the most relevant economies in South America, the third-largest economy in Latin America and the 21st in the world.
The main city in Argentina is Buenos Aires (with about 18 million inhabitants), whose region is the most industrialized in the country.
1 – Discover the Argentine market
Argentina’s trade balance has recovered in recent months, despite remaining below market expectations.
Argentina’s Balance of Trade – 2016-2020
In fact, imports dropped 16.1% in relation to the previous year, to USD 3534 million, which is mainly due to the decrease in the acquisition of intermediate goods. Among the main trading partners, imports lowered from the USA (-38.8%), China (-7.4%), Brazil (-10.9%), Germany (-31.5%) and Chile (-12.8%).
Exports decreased by 0.8%, to USD 4549 million, with sales of agricultural products falling (-6.4%); industrial products (-9.3%); and fuels and lubricants (-11.1%). The highlight was the drop in exports to the USA (-27.2%), Chile (-8.4%), Brazil (-0.4%) and Germany (-10.5%).
These are just a few indicators, for more in-depth knowledge, the ideal is to conduct a market study aimed at the business area you need.
2 – Make a good first impression
Key elements in the approach to the management of Argentine companies are position, dignity and personal style.
In this market, respect for the hierarchical structure and the distant relationship between senior management and their subordinates remains important.
In a business context, the boss or manager has a status considered important in the workplace.
First impressions are important. Start with a simple nod and a handshake. Communicate directly and politely.
3 – Build strong relationships
Creating bonds of trust is crucial to establishing strong business relationships. Although this is one of the countries in Latin America where personal life is separated from the work environment, it is important to maintain a personal touch.
Work meetings should be business-oriented, reserving breaks for other topics, such as culture, history or football. In your routine, keep in regular contact with your Argentine interlocutors, closely following the progress of the work.
Do you want to expand your company by participating in significant international events?
We’ll take care of everything for you!
Determined to break boundaries, Bleach Global is a multinational company of exhibitions stand design and construction, with physical operations in Portugal (headquarters), Argentina, Chile, Brazil, UAE, India, USA, Mexico, China, Japan and Russia.
We specialize in coordinating and organizing the customer’s participation in events:
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design & construction of exhibition stands
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analysis of relevant events to fulfil the customer’s goals
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selecting the location in the space of the event
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support for the accomplishment of the logistics and bureaucratic procedures
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follow up
WORLDWIDE EXHIBITIONS STAND DESIGN
Strive to exceed expectations by using Bleach Global as the competitive edge for your international expansion.
Focus on your business, we’ll take care of the rest!
Largo da Alegria, nº3 2430-266 Marinha Grande – Portugal (Sede) | T +351 244 023 726 | E [email protected]
