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Argentina Targets Global Trade Expansion to 90 Percent by 2031

Argentina reaches 30 percent of the global population through trade and plans to expand that openness to 90 percent by 2031, President Javier Milei announced at the Gala Endeavor Argentina 2026 in Buenos Aires.

The presidential address followed the release of October inflation data from INDEC, which reported a 2.2 percent monthly increase and an annual rate of 33.1 percent, alongside a 26.3 percent accumulation for the year. The economic index showed three consecutive months of deceleration.

The speech bypassed price metrics to focus on structural integration and technological expansion. The event took place at Rut Haus in the city of Buenos Aires on Thursday night. Key figures of the entrepreneurship community attended.

When the administration took office, the country reached less than 10 percent of the world’s population, according to infobae. Through the opening of more than 500 markets, that reach has risen to 30 percent. The administration credits the Ministry of Deregulation with removing administrative barriers to enlarge the domestic market and stimulate output.

We must expand that market size to boost increasing returns and accelerate the economy's growth; which is what we are doing from the Ministry of Deregulation, by removing regulations, and from the Ministry of Human Capital, another of the great sources of economic growth. Javier

The administration aims to reach 90 percent by 2031. “Our idea is, from here to 2031, to reach 90% of the planet”, said Milei. He said the economic openness coefficient stands at 30 percent and should target 90 percent.

Addressing business leaders at Rut Haus, the president rejected arguments that technological innovation destroys employment.

Argentina Targets Global Trade Expansion to 90 Percent by 2031
Photo: Infobae

“It is false that technological progress destroys jobs”, said Milei. He said that while automation eliminates specific tasks, it gives rise to new occupations. He said there is more work today than ever before in human history.

The Régimen de Incentivo para Grandes Inversiones accumulates adhesion requests exceeding USD 210.000 million, with USD 76.000 million already approved. The framework provides participating investors with fiscal, exchange, and legal stability for 30 years.

Regulatory adjustments to hydrocarbons shifted the national balance from an energy deficit of US$10.000 million in 2023 to a surplus of more than US$10.000 million. Projections reach US$30.000 million. Additional legal modifications, including the adaptation of the Glacier Law for mining and the reduction of agricultural export taxes, aim to secure long-term capital commitments.

And to all this we add the most important development tool the country has experienced in its history: the RIGI, which guarantees fiscal, exchange rate, and legal stability for 30 years to large investors. And, thanks to that, there are already application requests for more than 210,000 million dollars, of which 76,000 million are already approved. Javier