| answer text |
<p>This is an exciting time in UK-Argentine relations. The Prime Minister was warmly
received at the G20 in Buenos Aires in December. Leaving the EU will allow the UK
to take advantage of the growing parts of the world economy, including South America.</p><p>UK
market share in Argentina is less than 1% (0.8%) for goods and just over 2% (2.1%)
for services. There is therefore great potential for growth in the UK-Argentine trade
and investment relationship and we are working to support UK companies to reclaim
their position as one of Argentina’s pre-eminent business partners.</p><p>Last year,
my Rt Hon Friend the Secretary of State for International Trade appointed the first
HM Trade Commissioner to Latin America, responsible for championing trade between
the UK and Latin America. In addition, my Hon Friend for Fylde (Mark Menzies MP) was
announced as the Prime Minister’s Trade Envoy to Argentina in December and is already
working to promote further bilateral trade and investment. We also have a UK-Argentine
Commercial Dialogue, agreed with the Argentine Commerce Ministry last year and chaired
by my Hon Friend the Minister of State for Investment (Graham Stuart).</p><p>UK Export
Finance has significant capacity to support UK exports to Argentina.</p>
|
|
