Hear
The founder of Mercado Libre, Marcos Galperin, shared this Wednesday a message published in X about Australian exports, in parallel with the Argentine situation. “No cars, no cell phones, no blenders, no kitchens. No sir, pure coal, gold, iron, oil, gas, copper, meat, wheat”, supports the message that the businessman replied, adding: “That is, ALL those ‘primary industries’ that “The politicians in Argentina decided to loot and prohibit 80 years ago with the excuse of putting screws in Tierra del Fuego or building a stubble field with 90% Chinese parts.”
The businessman, who recently raised his profile on the networks, thus alluded to a publication by Crieran X user who often shares content in favor of the government of Javier Milei. The post, in addition to the text, presented a picture of the Observatory of Economic Complexity (OEC) -a site with trade statistics- on Australia’s exports, which closed at US$424 billion in 2022.
“We could be Australia but we voted to be Cuba,” the user marked in the message that Galperin reposted.
On the same foreign trade website it is reported that Argentina had exports equivalent to US$87 billion. Furthermore, the main products that the country exports are very different from those sold by Australia. Among the highlights are foods: corn, wheat, soybean meal and soybean oil.
In the last 40 years (which coincide with those experienced since the recovery of democracy), Argentina fell in the world ranking of exporting countries on the planet from 33rd place as the largest world exporter (in 1983) to 55th (in 2023), according to a report by the International Chamber of Commerce (ICC).
After the approval of the Bases Law and the fiscal package in the Senate – with modifications – the CEO of the e-commerce giant reflected: “What will people feel who vote against a law that, after being approved, raises bonds, country risk goes down, the dollar falls, stocks rise… “At some point will they think again that their ideas are bad for the country?”
The day after the approval of the Base Law and the fiscal package in the Senate, although with modifications, Free dollars fell $45, Argentine stocks opened with increases of up to 12% abroad and the country risk sank more than 60 points.
This week Deputies must decide whether to endorse the changes so that Milei finally obtains its first law in more than six months of government.
THE NATION
