International
Investment and technology, keys to the economic relationship between Argentina and Germany
The relationship between Argentina and Germany – a country to which President Javier Milei will make a working visit this weekend – is based on foreign investment, cooperation in natural resources and trade exchange, supported by bilateral agreements and joint projects to promote economic and technological development in both countries.
Milei is scheduled to travel tomorrow, Saturday, to Germany, where he will be awarded in Hamburg (north) the Hayek medal that the homonymous society awarded him due to his achievements as a “reformer”.
The next day, the Argentine president and the German Chancellor, Olaf Scholz, will hold a meeting in Berlin at the head of their respective delegations.
Germany has shown interest in cooperating with Argentina in the exploration and production of critical minerals such as lithium and copper, essential for the energy transition and the manufacture of batteries. This aligns with Germany’s efforts to diversify its sources of supply and reduce dependence on China.
In 2023, the stock of total Foreign Direct Investment (FDI) in Argentina ammounted to 128,855 million dollars (about 120,382.7 million euros), which represents 10.4% more than the previous year and 26.4% of the Gross Domestic Product (GDP), according to data from the Ministry of Foreign Affairs.
The upward trend of FDI continues in 2024, with various sectors such as lithium extraction, hydrocarbons and financial technology attracting a considerable amount of foreign investment.
Germany – an important investor in the automotive, technology and manufacturing industry – is in eighth place in FDI in Argentina, after the United States, Spain, Brazil, the Netherlands, Chile, China and Italy.
In 2023, German companies in Argentina made a significant investment in various sectors.
A survey by the Argentine-German Chamber of Industry and Commerce (AHK) and the consultancy EY Argentina revealed that 74% of German companies planned to invest more than one hundred million dollars (about 93.42 million euros) in the South American country. These investments were mainly used for fixed assets and the incorporation of technology.
Germany’s FDI stock in Argentina is mainly focused on the manufacturing (35%), mineral and oil extraction (22.3%), and retail and wholesale sectors (10.9%).
German companies such as Siemens, Volkswagen and Bayer have a strong presence in Argentina, promoting innovation and technology transfer in various industries.
Projects and cooperation in critical minerals are another key point of the economic relationship between the two countries, since Argentina is one of the main producers of lithium, essential for the manufacture of batteries, and that in 2022 exports of this element increased by 234%.
In February 2024, representatives of Germany and Argentina discussed cooperation in the supply chain of critical minerals, such as copper and lithium, with the aim of reducing dependence on China.
Regarding Argentine investment in Germany, which is less significant, companies from the South American country are beginning to explore opportunities in high-tech and renewable energy sectors.
In terms of cooperation and strategic alliances, both countries have signed bilateral agreements to encourage investment and facilitate trade. Argentina and Germany collaborate in infrastructure and technological development projects, taking advantage of the German experience in these fields.
Trade between Argentina and Germany includes Argentine exports of agricultural and mineral products, and imports of German machinery and industrial products. This exchange is fundamental for the Argentine economy and benefits both countries by diversifying their markets.
In 2022, total trade between Germany and Argentina exceeded $3.6 billion, with a growth of 8% compared to 2021.
In March 2024, Germany exported products worth 169 million euros (181 million dollars) to Argentina and imported goods for 104 million euros, resulting in a positive trade balance of 65.3 million euros (70 million dollars) for Germany.
Exports from Germany to Argentina include machinery, vehicles, chemicals and pharmaceuticals. The European nation is a key supplier of advanced technologies and industrial equipment necessary for various sectors of the Argentine economy.
Meanwhile, imports from Germany from Argentina focus on agricultural products and food, such as soybeans, wine and meat, as well as minerals.
The commercial relationship benefits from the complementarity between the economies, where Argentina provides raw materials and food, and Germany provides technology and manufactured products.
Both countries are working on closing a free trade agreement between the European Union (EU) and Mercosur, which could further enhance trade exchange and open up new business opportunities.
This agreement has been the subject of long negotiations and currently faces significant opposition from several EU member countries, especially France and Austria.
In contrast, countries such as Germany, Spain and Portugal are in favor of moving forward with the agreement, highlighting the economic benefits and the need to strengthen trade relations with Latin America.
International
Argentina’s Milei opens dialogue with parties to push “Second-Generation Reforms”
Empowered by his midterm election victory, Argentine President Javier Milei is relaunching his administration and opening dialogue with other political forces, focusing on three major reforms: tax, labor, and pension systems, which form the core of his ultra-liberal agenda.
The government approached the legislative elections amid financial turbulence, which eased following Milei’s triumph. It now faces the challenge of reviving a stagnant economy while consolidating its political project.
The first step will be negotiating the country’s first budget law in two years, with the vote likely postponed until December, when the government expects to have more favorable numbers in Congress.
Milei’s party will have an expanded bloc, but it will not gain full control of the legislature. Preliminary results indicate that, starting December 10, the administration will hold around 100 of 257 seats in the Chamber of Deputies and 19 of 72 seats in the Senate.
To advance his so-called “second-generation reforms” in 2026, Milei has called for dialogue with provincial governors and other political parties.
International
Melissa leaves path of destruction in Caribbean, 735,000 evacuated in Cuba
Hurricane Melissa caused significant damage and widespread flooding in Cuba on Wednesday (October 29, 2025), following its devastating passage through Jamaica as the strongest storm to make landfall in the island in 90 years.
After striking Jamaica as a Category 5 hurricane with violent winds and torrential rains, the Jamaican government declared the country a disaster zone. In Haiti, the cyclone has already caused 20 fatalities, although authorities expect the number to rise due to an unknown number of missing persons.
In Jamaica, there were three deaths, the same number reported in Panama, and one death in the Dominican Republic.
Melissa then made landfall in eastern Cuba with slightly reduced strength and maximum sustained winds of 195 km/h. “It has been a very difficult night. Significant damage has occurred, and Hurricane Melissa is still over Cuban territory,” said President Miguel Díaz-Canel in his first assessment of the situation.
In Santiago de Cuba, the second-largest city in the eastern region, the storm flooded homes and streets and knocked down trees, utility poles, and power lines. Cuban authorities reported that around 735,000 people were evacuated, particularly in the provinces of Santiago de Cuba, Holguín, and Guantánamo.
International
Jamaica faces widespread destruction as hurricane Melissa hits the island
Jamaican authorities reported on Tuesday that Hurricane Melissa, which weakened to a Category 4 storm just hours after making landfall in Jamaica, caused damage to six hospitals and left roads flooded, along with downed power lines and fallen trees, according to preliminary data.
Videos shared by local media and social media users show strong gusts of wind impacting Kingston in the southeast and southern municipalities of the island, causing power outages and damaging the roofs of several homes.
Flooded roads and damage to several medical institutions have also been reported. The Bustamante Children’s Hospital in Kingston experienced blocked access after a utility pole fell onto its premises. Part of the Savanna-la-Mar Public General Hospital in Westmoreland also suffered severe damage when hurricane-force winds ripped off its roof.
Additionally, Health and Wellness Minister Christopher Tufton reported on Tuesday that four hospitals sustained “significant damage” due to Melissa. The affected medical facilities are Noel Holmes Hospital in Hanover, Black River Hospital in Saint Elizabeth, Cornwall Regional Hospital in Saint James, and Falmouth Hospital in Trelawny.
At Cornwall Regional Hospital, damage was limited to staff areas, which have since been repurposed for other uses. The Ministry stated that it is actively coordinating with the Southern Regional Health Authority and emergency services to stabilize hospital operations.
Argentina’s Milei opens dialogue with parties to push “Second-Generation Reforms”
Melissa leaves path of destruction in Caribbean, 735,000 evacuated in Cuba
Jamaica faces widespread destruction as hurricane Melissa hits the island
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Argentina’s Milei opens dialogue with parties to push “Second-Generation Reforms”