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CRISIS AND INVESTMENT

The expert and manager of the Argentinian TV Channel “Sembrando Satelital”( Sowing Satellital) Mr. Luis Bonetto, said that “Uruguay continues being an attractive country because of its closeness, its different product marketing alternatives, the absence of export levies and the application of more logical taxes”

Amidst of the world financial crisis, the expert and manager of the Argentinian TV
Channel “Sembrando Satelital”(Sowing Satellital), Mr. Luis Bonetto, has told that
“Uruguay continues being an attractive country (for Argentinian producers) because of its closeness, its different product marketing alternatives, the absence of export levies and the application of more logical taxes. The agricultural producer continues considering that country with interest because it is attractive for whatever business”. In a statement to Observa.com, the specialist in agricultural communication added that, nevertheless, there exists “certain cautiousness at the time of making investments”.

Asked about the economic crisis and the arrival of Argentinian investors in Uruguay, the Agronomist Eduardo Blasina, Director of the consulting group Blasina and Tardáguila, said to Uruguay - Properties that: “It seems possible to me that they will continue arriving”. He stressed the clear rules that are employed in Uruguay, very different from the ones applied in Argentina.

The Government of Cristina Fernández has had a hard test with farmers, especially during the last months, due to the intention of increasing export taxes. Changes in the fair play rules has led Argentinians to look at Uruguay for making investments.

Mr. Blasina added that worldwide there are moments of “uncertainty”. The economic crisis that broke out in the United States is expanding to the rest of the world and investors seek what to do with their money. Blasina and Tardáguila’s director pointed out that there are two opinions. “On the one hand, some people consider that the real estate sector and the commodities sector were overvalued and now they are waiting a decrease in land prices. On the other hand, he explained that foreseeing a great uncertainty there are many people searching for alternatives to avoid financial risks”. It is there when they stick to the buying of real estate properties such as land. “It is probable that investors will arrive in Uruguay, trying to avert financial risks, he concluded”.

Source: Uruguay Properties


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