1. Argentina: a strategic destination for productive investment Embassy of the Argentine Republic in Ireland Dublin, 16 September 2015

2. Why invest in Argentina? 1. Sustainable economic growth 2. Attractive business profitability 3. Strength to face the global crisis 4. Strategic location 5. Openness to the world 6. Diversified economy 7. Abundant and diverse natural resources 8. Skilled and highly creative workforce 9. High levels of scientific, technological and productive innovation 10. Modern infrastructure and high-quality connectivity

3. Sustainable economic growth A dynamic economic model based on social inclusion  Economic growth: leader in Latin America for the past decade.  Sustainable macroeconomy: sustained external surplus.  Record-high exports close to US$ 100 billion for goods and services in 2012.  Dynamic domestic market: private consumption has grown at an average rate of 7% per year in real terms since 2003. 1 Average growth rate of GDP (2003-2012) Source: Ministry of Foreign Affairs and Worship (MREC) based on IMF. Argentina boasts the highest economic growth in the region during last decade

4. 1  Economic policies give priority to socioeconomic integration and social inclusion as primary goals.  Five million new jobs created; a decreased in unemployment levels from 21.5% in 2002 to 6.6% in 2015.  Improved income distribution: the Gini ratio reduced from 0.53 in 2003 to 0.42 in 2013.  Inclusion of the most vulnerable age groups into social security coverage; substantial reduction in poverty and indigence levels.  Ranked as a Very High Human Development country in the United Nations 2014 Human Development Index. Source: MREC based on IMF GDP per capita (PPP) In thousands of current international US$ (2012) Argentina ranks as a very high human development country (UNDP) Sustainable economic growth A dynamic economic model based on social inclusion

5. 2 Profitability as a percentage of assets Source: MREC based on Argentina’s Federal Administration of Public Revenues (AFIP) Argentina offers profitable opportunities in a wide range of sectors Attractive business profitability Productive investment delivering high returns  High profitability in a wide range of productive sectors.  More than 2,000 multinational companies operating in diverse sectors

6. 3 Source: MREC based on IMF Public debt as a % of GDP and variation in percentage points (2007-2012) +28% +41% +4% -20% Argentina is pursuing its debt reduction goal despite the global crisis Strength to face the global crisis Effective public policies aimed at fostering demand

7. Strategic location Strong ties with Latin America  Located in a region endowed with resources to meet current and future local and global demands.  Strategic player within the main food exporting region in the world.  Share of world resources: 27% of potable water; 12% of arable lands; 21% of native forests; and sufficient hydrocarbon resources to satisfy demand for more than 100 years.  Economic growth, an expanding domestic market and a dynamic middle-class. 4 Source: MREC based on the Center for International Economy (CEI), INDEC and IMF Intra-MERCOSUR exports and MERCOSUR exports to the world - 2002=100 index - In millions of US$ - Annual average growth rate 2002-2012 Argentina is part of a dynamic region strengthening its ties +18.6% +13.6%

8. Strategic location Strong ties with Latin America  Full MERCOSUR member, together with Brazil, Paraguay, Uruguay and Venezuela:  Preferential access (0% tariff) to a regional market of 300 million inhabitants and aggregate GDP of US$ 3.6 trillion.  Great industrial complementarity and opportunities to deepen productive specialization.  Member of UNASUR (Union of South American Nations); ALADI (Latin American Integration Association); and ECLAC (Commission for Latin America and the Caribbean). 4 Member countries Associated countries (under ratification process) Associated countries

9. Openness to the world Global economic integration  G-20 Member.  Active presence in several international organizations, including the World Trade Organization, G77+China, United Nations, UNCTAD and FAO, among others.  Diversified export basket with shipments to more than 150 destinations.  Trade growth with the rest of the world (2003-2012) of 14.6% per year.  One of the countries with the least restrictive FDI legislation in the world: 11 th worldwide, 2 nd in G-20 and 2 nd in Latin America (OECD).  Open multicultural society without ethnic or religious conflicts. 5 Exports by major items In millions of US$ (2002-2012) Source: MREC based on CEI Argentina expands its exports in all economic sectors

10. Diversified economy Investment opportunities in every productive sector of the economy 6 - Diversified productive matrix with investment opportunities in every sector: agroindustry, wine industry, chemicals and pharmaceuticals, capital goods, durable consumer goods, automotive and auto parts. - Great technological development in the agrifood value chain, including innovation in seeding, direct sowing, agricultural machinery production, silo bag storage and vaccine development for animal. - Leading country in the international food market, with exports exceeding US$ 25 billion (2012). One of the world’s main exporters of oils, cereals, meat, fruit, honey and wine. - Accelerated development of renewable energies, biotechnology, software and creative industries. - Main tourism destination in South America, with almost six million tourist per year. Gross added value per sector Average growth rate per year (2003- 2012) Argentina has a diversified economic structure *Including: Financial intermediation; Public Administration and Defense; Teaching, health and social work; Other community. Social, personal and domestic services.

11. Abundant and diverse natural resources Rich resources available for sustainable development 7  Second largest country in Latin America; 8 th in the world: 3.8 million km 2.  Highest agricultural productivity levels in the world.  Vast extension of fertile land for agriculture: 9 th largest extension of agricultural area in the world with 147 million hectares of arable lands (FAO).  Ample forest resources: more than 33 million hectares of native forests and 1.2 million hectares of planted forests (FAO).  4,500 km of mountain ranges with mining resources: gold, copper, lithium, carbon, lead, zinc, tin, silver and potassium.  4,700 km coast along the Atlantic Ocean with rich fisheries.

12. 7  Vast oil and gas resources with exploration and exploitation opportunities.  Ranked 2 nd and 4 th worldwide in shale gas and shale oil reserves.  High development potential for hydraulic energy, which accounts for more than one third of the country’s total electricity output.  Promising developments in renewable energy (wind, biofuel, solar, geothermal, biomass). PositionProduct 1 st Concentrated lemon juice, peanut oil, soybean oil, soybean cakes, yerba mate 2 nd Corn, honey, sunflower oil, prepared peanuts, shelled peanuts, peanut cakes, sorghum, safflower oil. 3 rd Grape juice, cotton oil, non-pitted olives, birdseed, dried plums, whole powdered milk, wheat meal, soy. Exports – Main products Source: MREC based on FAO Abundant and diverse natural resources Rich resources available for sustainable development

13. 8 Source: MREC based on ECLAC Public spending on education to GDP - in % (2011) Argentina’s workers have the highest education level in the region Argentina bets on education Skilled and highly creative workforce Argentine talent  More than 99,000 graduates from higher education programs and almost 11,000 postgraduate students from 115 universities across the country enter the labor market each year.  Economically active population (EAP) with the highest education level in Latin America.  Latin American country with the highest number of Nobel Prizes awarded in science (three prizes).  Highest level of public investment in education in the region (equal to 6% of GDP).  The most dynamic work productivity in the region in recent years (ECLAC).

14. High level of scientific, technological and productive innovation Toward greater competitiveness and higher added value 9 - Creation of the Ministry of Science, Technology and Productive Innovation in 2007. - Scientific and Technological Pole (opened in 2011) recognized for its contribution to scientific development, production and dissemination of knowledge. - Fifty five per cent increase in the number of R&D professionals over the period 2003-2011. - About 500 researchers and 1,000 research fellows join the National Technical and Scientific Research Council (CONICET) / year - Largest number of nuclear plants in Latin America: Atucha I, El Embalse and Atucha II. - Development of aerospace projects led by INVAP, a public company of world renown for satellite development.

15. Modern infrastructure and high-quality connectivity A strong network in expansion 10  Public investment at a historic high (going from 0.7% of total public spending in 2002 to 3.5% in 2011).  Well-developed transport and infrastructure system: 40.000 kilometers of national roads and 196.000 kilometers of provincial roads; one of the longest rail road networks in the world (36,000 kilometers); 43 ports and 54 airports.  High rates of internet penetration into companies and homes.  2 nd country in Latin America with the highest number of mobile lines per 100 inhabitants (World Bank, 2011).

16. Thank you! Embassy of the Argentine Republic 15, Ailesbury Drive – Ballsbridge (D4) (01) 269-1546 eirla@mrecic.gov.ar