2020 industrial strategic plan: Argentina will focus on supporting textiles

Argentina’s President Cristina announced on the 24th that the country will implement the “2020 Industrial Strategic Plan” and strive to revitalize the Azerbaijani national industry to replace imported products in the next 10 years, and that this South American country’s per capita GDP will reach US$12,900.

Christina said that at present Argentina’s primary raw materials and industrial production are out of line, making resource-rich Argentina unable to become a world industrial power. In the next ten years, the Albanian government will implement the strategy of industrial integration and increase Argentina’s industrial competitiveness and product added value so that this South American country can reduce its dependence on imported products.

According to the goals set by the Azerbaijani government, Argentina’s GDP will maintain an average annual growth rate of 5% over the next decade, with the average annual growth rate of industrial output value reaching 7%. By 2020, it will strive to increase Argentina’s GDP to 580.709 billion U.S. dollars and the per capita GDP from the current 8,700 U.S. dollars to 12,900 U.S. dollars, ranking among the more developed developing countries. Unemployment rate dropped from 7.3% last year to 5%.

In terms of foreign trade, Argentina plans to increase imports and exports from the current 124.943 billion U.S. dollars to 246.367 billion U.S. dollars in the next 10 years. The trade surplus will increase from 12.057 billion U.S. dollars last year to 25.631 billion U.S. dollars.

Christina said that Argentina will continue its current economic development model to ensure that its currency exchange rate competitiveness, foreign trade and public finances to achieve a surplus, to achieve stable growth in domestic market demand. In order to promote the development of the domestic industrial sector, the Albanian government will also provide strong support in such areas as capital credit, policy support, technological innovation and regional integration.

According to the Afghan government’s plan, in the next 10 years the Afghan government will focus on supporting food, footwear, textiles and clothing, wood, paper and furniture, construction materials, capital goods, agricultural machinery, automobiles and accessories, pharmaceuticals, software and petrochemical industry. . According to figures provided by the Ministry of Industry, the output value and absorbed labor of these industries account for 80% and 60% of the entire industrial sector, respectively.

Analysts pointed out that one of the goals of the Argentine government’s development plan for the next 10 years is to reduce dependence on imported products, so it is foreseeable that the Afghan government will introduce more restrictive import measures in these industrial sectors and create favorable conditions for domestic companies to expand market share. condition.

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