7 November 2012

Mozambique: Argentinian Mission

Maputo — As part of the first international mission Argentina-Mozambique, a business seminar was held on November 6 in the presence of the Argentinian Permanent Secretary of State for SMEs, the Ambassador of Argentina in South Africa, Carlos Sersale, the Director-General of the Investment Promotion Centre, Lourenço Sambo and the vice-president of the CTA, Agostinho Vuma.

The Secretary of State briefly introduced the political and economic model of Argentina. After the economic crisis that hit Argentina in the 1990s, the industry has been destroyed, the productivity per worker was very low, the number of industrial parks reduced to 80. Between 2003 -- the year when the country adopted a new economic and social model -- and 2012, the industry has been consolidated, 25% new jobs have been created, 300 industrial parks have been established.

The competitiveness of the Argentina industry is built on a solid and innovative internal market and on the financing of SMEs through credit lines granted by national banks.

In 2012, Argentina is at the second rank in South America and at the eighth rank in the world for the registration of trademarks, the country spent 6.47% of its GDP on education. The Government particularly supports the following sectors: software -- first exporter in Latin America, biotechnology -- a regional leader and microelectronics -- a sector with great potential. Argentina supports the internationalization of its enterprises, particularly in the context of the South-South cooperation.

For Lourenço Sambo, Director General of the CPI: "Mozambique has created conditions for business development."

The vice-president of the CTA, Agostinho Vuma explained the role played by the CTA in the public-private dialogue. He noted that Mozambique has moved from a centrally planned economy in the 1990 to an economy that has a 7% growth rate, one of the highest in Africa. The dynamism of the private sector is partly due to the cooperation between the domestic private sector and foreign companies.

He also highlighted the difficulties of the Mozambican industry: obsolete technology and unskilled labor.

He concluded with saying that the business environment in the country is very good.

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