The Argentine Chamber of Commerce and Services (CAC) announced on April 9 that its president, Natalio Mario Grinman, welcomed the recent approval by the National Congress of a reform to the Glacier Law.
The change is seen as significant for Argentina’s ability to use its natural resources. Grinman said, “The recent modification of the Glacier Law is an important step so that our country can more fully take advantage of its potential. Of course nature must be preserved, but in no way can environmental care be taken to such an extreme that it prevents Argentines from making use of our underground resources.”
Grinman also commented on past economic policies: “For many years Argentines suffered governments that seemed to believe wealth was generated magically through excessive public spending, financed by suffocating taxes and unbacked currency issuance. A stunted private sector and uncontrolled inflation were the disastrous consequences of this very mistaken approach.” He added his support for current changes: “Fortunately, after decades of decline, a broad social majority decided to support the drastic change proposed by President Milei in his campaign and which his administration is making a reality. Progress is achieved through companies investing, generating added value and genuine jobs—not through an elephantine state.”
Grinman expressed confidence about the new law’s balance between environment and development: “I am convinced that the change in glacier legislation implies a reasonable balance between environmental care and extractive activities’ development, which will also boost multiple branches of the economy. The new law will favor new investments—local and foreign—and this will sooner rather than later result in greater prosperity for the nation as a whole,” he said.
These statements were made during a meeting at CAC with Panama’s Minister of Commerce and Industries Julio Moltó and Ambassador Juan Luis Correa. At this event, Grinman highlighted Argentina’s ongoing transformation towards a more business-friendly climate with greater international integration. Attendees expressed their intention to strengthen bilateral ties for mutual benefit.
Representatives from Panama praised their country’s relationship with Argentina as well as shared views with President Milei’s administration. Both sides agreed that current conditions present opportunities for increased business relations between companies from both countries.
