The United Arab Emirates (UAE) and Argentina are strengthening economic ties by exploring new investment opportunities across key sectors. The Argentine Minister of Foreign Affairs and International Trade, Gerardo Werthein, met with Emirati officials from the Ministry of Economy to discuss ways to enhance bilateral trade and investment.
Argentina has recently introduced the Incentive Regime for Large Investments (RIGI), a framework designed to attract foreign capital into sectors such as steel, infrastructure, energy, and technology. The initiative aims to create a world-class investment environment by offering regulatory stability, tax incentives, and long-term predictability for international investors.
During the discussions, UAE Minister of State for Trade Affairs, Dr. Thani bin Ahmed Al Zeyoudi, underscored the UAE’s commitment to expanding investment opportunities. “Argentina is an important economic partner for the UAE, and we see significant opportunities to enhance trade and investment flows in sectors that will shape the future of both our nations. The introduction of RIGI reflects Argentina’s ambition to create a world-class investment environment, and we believe UAE businesses are well positioned to benefit from this new framework,” Al Zeyoudi stated.
Trade between the two countries has been on an upward trajectory, with non-oil trade reaching $537.1 million in 2024—a 68% increase from 2019. Argentina’s primary exports to the UAE include corn, iron pipes, and soybean products, highlighting the country’s agricultural and industrial strengths. Meanwhile, the UAE exports high-value machinery and tools to Argentina, supporting its manufacturing and technology sectors.
The UAE continues to expand its global trade relations through its Comprehensive Economic Partnership Agreements (CEPAs), positioning itself as an attractive gateway for South American businesses seeking access to markets in the Middle East, Asia, and Africa. This includes ongoing discussions with Mercosur, the South American trade bloc, to enhance trade flows and market access.
The meeting between Emirati and Argentine officials follows previous efforts to strengthen investment ties, including the signing of a Bilateral Investment Treaty (BIT) in 2018. This agreement reinforced both nations’ commitment to a transparent and secure investment environment, fostering confidence among businesses in both countries.
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