Argentina Government Promotes Textile And Garment Industry In Ten Industries

President CFK predicted that by 2020, Argentina's gross domestic product will grow by 5% annually, and industrial production will grow by 7%. The government will increase loans and provide industrial technology and regional integration.

It is expected that by 2020, Argentina's export volume will grow from US $68 billion 500 million to US $136 billion, and the import volume will increase from US $56 billion 400 million to US $110 billion 300 million. The trade surplus will reach US $25 billion 600 million from US $12 billion 550 million, raising domestic gross domestic product from US $356 billion 500 million to US $580 billion 700 million, while the average national income will reach US $12900.

The ten main industries are: 1) food industry; 2) footwear, textile and clothing industries; 3) timber, paper and furniture industry; 4) building materials industry; 5) capital goods; 6) farm machinery; 7) automobiles and parts; 8) medical industry; 9) software industry; 10) chemicals and stone industries, etc. the large industry accounts for the domestic production value and employs employed population.

The government will aim at promoting the five objectives, namely: 1) producing products, replacing imports and promoting exports; 2) introducing innovative technology and technology; 3) consolidating the value of domestic assets; 4) assisting the growth of small and medium-sized enterprises and 5) participating in regional and international integration.