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  HOME | Argentina

Spain Praises Argentina for “Courageous Journey” of Structural Reforms

MADRID – Spanish Economy Minister Luis de Guindos on Tuesday praised the “courageous journey” Argentina has taken in pursuing structural reforms to regain economic and political stability.

De Guindos, who opened the EFE-Casa de America forum in Madrid, stressed the “comprehensive and open-minded vision” of Argentine Finance Minister Alfonso Prat-Gay, who attended the event.

The Spanish minister said Argentina had regained economic stability by looking for opportunities abroad and relying on trade agreements to be more competitive.

De Guindos said he hoped the free trade agreement among Argentina, the EU and Mercosur become a “reality” soon.

“Argentina has returned to the capital markets,” De Guindos said.

This new context will further strengthen economic ties with Spain, the Spanish official said.

De Guindos noted that Argentina was one of Spain’s most important markets in Latin America, with bilateral trade totaling around 2.6 billion euros (about $2.8 billion).

The minister concluded the meeting by saying that he hoped “this good economic and political relationship lasts and gets consolidated for many years.”

 

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