The UAE and Argentina are exploring ways to deepen their economic relationship and boost investments. A high-level seminar held in Abu Dhabi, organized by the Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry, brought together top officials and business leaders from both countries to discuss new opportunities.

Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, and Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), welcomed an Argentinian delegation led by Gerardo Werthein, Argentina’s Minister of Foreign Affairs, International Trade, and Worship. The event focused on Argentina’s newly launched Incentive Regime for Large Investments (RIGI), which aims to attract global investors with benefits like tax incentives and regulatory stability.

Dr. Al Zeyoudi underscored the UAE’s interest in enhancing trade and investment ties with Argentina, particularly in sectors like technology, energy, and infrastructure. He also highlighted the UAE’s pro-business environment and its strategic location as a hub for South American businesses to expand into the Middle East, Asia, and Africa.

Gerardo Werthein emphasized Argentina’s commitment to strengthening cooperation with the UAE. He noted that the RIGI program is a key step toward creating a competitive investment climate and invited Emirati investors to explore opportunities in Argentina’s priority sectors, including mining, tourism, and advanced industries.

The seminar concluded with a pledge from both nations to work together on joint projects, trade partnerships, and new areas of collaboration. Trade between the UAE and Argentina has seen significant growth, with non-oil trade reaching $537.1 million in 2024, a 68% increase since 2019.

Key exports from Argentina to the UAE include agricultural products like corn and soybean derivatives, while the UAE supplies high-value machinery to support Argentina’s manufacturing and technology sectors.

Both countries are also looking to expand cooperation through discussions with Mercosur, the South American trade bloc, to improve market access and trade flows across the region.

The relationship between the UAE and Argentina has been bolstered by the 2018 Bilateral Investment Treaty, which established a framework for secure and transparent business operations in both nations.