A seminar on the "African market opportunitiesfor Argentina's exports" was held on October 2, at the San Martín Palace, with the aim of increasing the knowledge of the Argentine business community about the characteristics and opportunities offered by the market of the African continent.
African members of diplomatic corps accredited in our country, representatives of the provinces, companies, chambers, business associations from various productive sectors, and the academic field participated in the event.
In her opening remarks, Foreign Minister Diana Mondino highlighted that the incorporation of Argentine technological packages in strategic sectors will provide concrete solutions to African countries and will increase Argentina's value-added exports.
During the seminar, Argentine companies with consolidated presence in the African continent presented their successful experiences, highlighted the opportunities and challenges and shared the commercial strategies deployed to adapt to the particularities of each market.
Africa is a continent of great dynamism, with an economic growth rate that exceeds the world average and many other emerging economies. Over the next five years, the continent's GDP is expected to grow at an average annual rate of 7.4% and reach US$4.1 trillion. By 2050, it is estimated that a quarter of the world's population will reside in Africa, with 60% of Africans residing in urban areas. It is also projected that 10 of the 30 most populous countries in the world are on that continent.
Currently, 6% of Argentina's total exports are destined for the African continent and, out of that percentage, 67% corresponds to food and primary agricultural products.
