"Clear rules and an adequate tax burden are decisive factors in attracting the investment the country needs" | GEMERA

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• Gemera
• 07/08/2020

Alberto Carlocchia, President of the Argentine Chamber of Mining Entrepreneurs (CAEM) participated in the webinar «Mining, a post-pandemic development option: Present and future in the vision of the sector’s referents», organized by the Argentine British Chamber of Commerce.

The CAEM representative referred to the aspects on which Argentina should focus to promote the development of its mining industry. In this sense, he said that «a rich subsoil is not enough to generate progress and industrial and productive development». He highlighted the importance of guaranteeing legal security and a stable tax environment, since clear rules are a decisive factor for investors and the positioning of our country on the map of potential developments.

For Carlocchia, conditions should also be added that adequately position Argentina, given that other Latin American countries have already initiated actions to attract investments based on profitability. In particular, he stressed that «care must be taken to ensure the adequacy of the tax burden to be competitive and attract foreign investment.

He also stressed the importance of joint work between the private and public sectors to favour competitiveness. In this regard, he highlighted that the axis has been changed so that «we are not discussing whether to do mining or not, but how to do it, in a sustainable way and for the benefit of the country and its people».

The event was introduced by the Ambassador of the United Kingdom, Mark Kent, moderated by Alfredo Fierro, Commercial Attaché of the Embassy of the United Kingdom, and closed by the Argentine Ambassador to the United Kingdom, Javier Figueroa. It also had outstanding speakers such as Alberto Hensel (Secretary of Mining of Argentina), Tom Butler (CEO of ICMM) and Julian Rooney (Chairman of the Council of Advisors of the CCAB).

Source: CAEM