Argentina

Sarah BowenCarlee Francis

Hannah SamplesKristin Uselton

Factors of Production Land- Less than three-tenths the size of the US

Various types of land from rich planes to the rugged Andes

Coastline- 4,989 km Natural resources- fertile planes and precious metals Land Use

Agricultural land- 53.9%Arable land- 13.9%Permanent crops- 0.4%Permanent pasture- 39.6%Forest- 10.7%Other 35.4%

Factors of Production Labor

Capital- Farm machinery, hammers, forklifts, conveyer belts, computers, delivery vans, ports, railways, roads, housing, machinery, cattle ranches, sawmills, fruit-processing plants, steel-producing plants, oil refineries, tractors and meat packaging plants.

71%

24%

5%

Service

Manufacturing

Agriculture

Federal Budget

Revenue: $117.2 billion USD

Expenditures: $130.5 billion USD

Currency: Argentine Peso

(1 peso is .10 USD)

Products and servicesExports:

Foodstuffs 21%

Vegetable Products 20%

Transportation 15%

Animal and Vegetable Bi-Products 7.4%

Animal Products 7%

Mineral Products 7.1%

Chemical Products 6.9%

Other 15.9%

Total 76.3 B

Imports:

Machines 26%

Transportation 22%

Mineral Products 15%

Chemical Products 13%

Plastics and Rubbers 5.7%

Metals 5%

Other 13.3%

Total 73.1B

Trade PartnersTop Export Destinations

1. Brazil (16.3 b)

2. China (5.57 b)

3. United States (4.43 b)

4. Chile (3.6 b)

5. Venezuela (2.19 b)

Top Import Destinations

6. Brazil (19.3 b)

7. China (11.3 b)

8. United States (7.97 b)

9. Germany (3.95 b)

10. Mexico (2.16 b)

Trade Organizations Free Trade Area of the Americas (FTAA)

Global Systems of Trade Preferences among developing countries (GSTP)

Market of the South (MERCOSUR)

Infrastructure Roadways

133,870 miles of roads Only 39,492 miles are paved

Airports 1,359 total

Only 142 have paved runways

Railroads 23,816 miles of track

Waterways 6,804 of navigable waterways Major ports located on the Atlantic coast

The average electricity consumption is 2,955 kwh per capita

Health Care Highly trained personnel

Private physicians, clinic, hospitals Studied Abroad

Modernization Updated equipment

Health Care System The public sector Mutual or social plans The private sector

Cosmetic Surgery Medical Tourist

Education Publicly funded schools

Private Schools

1 year of pre-primary school and 9 years of basic (3 year cycles)

136 colleges and universities, 60 private universities, 15 Research Institutions

Colonial Influences Spain colonized Argentina in 1573

In July 9th, 1816 Argentina declared independence from Spain

Argentina has not controlled any countries

Civil War 1819-1859 (Federalists vs Centralists) It was not until two decades later that the Centralists

completed their victory over the federalists

We Can Do It 39% women are professional astronomers

Good job security Less competitive than the United States Standardized salaries for men and women

Still has issues with sexism

http://www.wired.com/2015/11/argentina-many-female-astronomers/ (Nov. 12, 2015)

Presidential Election and Bonds

Revive the nation’s lifeless bond market

Banco Hipotecario plans on selling all the bonds between $200 million and $500 million of five-year bonds on November 24, two days after the election

http://www.bloomberg.com/news/articles/2015-11-12/in-argentina-betting-on-post-election-rally-before-the-election (Nov. 11, 2015)

Drug Dealer on the Run Joaquin “El Chapo” Guzman has been located along the

country’s southern boarder with Chile

http://www.theguardian.com/world/2015/nov/06/argentina-el-chapo-drug-lord-mexico (Nov. 6, 2015)

Taxes on Taxes on Taxes

Adminisracion Federal de Ingresos Publicos (AFIP) Argentine Tax and Customs Authority is required

for all imports as of February 1, 2012

http://www.export.gov/argentina/doingbusinessinargentina/argentinacountrycommercialguide/traderegulationsandstandards/index.asp (Feb. 1, 2012)

Trade Restrictions Import Tariffs

2013, 22% average tariff rate “Harmonized Schedule” used to set tariffs

Trade Barriers Customs Code (Law 22,415) In 2006, there was a huge increase in regulation of

goods and capital flow No legal prohibition against foreign companies

companies repatriating profits Companies in Argentina that want to import must be

registered in National Registry of Importers and Exporters

Trade RestrictionsTrade Barriers

National Tax Bureau- Ministry of Economy and Technical Administration- Argentine Customs BureauMERCOSUR (1991)Common External Tariff (CET)10.5% or 21% of Value Added Tax (VAT)6% tax profits on retail

Individuals pay 11%

1.5% gross income taxExcise tax on some goods2% destination/verification feeLocal taxesGoods subject to 3% tax on future anticipated profits60% of retail price for cigarettes

Our Plan for Economic Development

Narrow down tariffs to commodities and inferior goods

By cutting taxes, it helps developing countries to expand

This would boost the economy due to the easy access of imports and exports Technology Products