On December 10, 2023, Javier Milei, a self-described anarcho-capitalist whose astonishing rhetoric drew comparisons to former U.S. President Donald J. Trump, was sworn as the President of Argentina. In his inaugural address, President Milei emphasized: “We don’t have alternatives and we don’t have time. We don’t have margin for sterile discussions. Our country demands action, and immediate action. The political class left the country at the brink of its biggest crisis in history,”
Argentina’s newly vested head of state presented figures to expose the scope of his nation’s economic “emergency,” and sought to prepare the public for a shock adjustment with drastic public spending cuts. Milei stated in his address to thousands of supporters in Buenos Aires, that the country doesn’t have time to consider other alternatives.
Today Argentina has a marvelous opportunity to reset the priorities in its foreign policy, always guided by its economic development opportunities and trade negotiations with countries that have democratic governments and similar approaches in economic diplomacy.
President Milei will share the same round table with the President of the Republic of Türkiye Recep Tayyip Erdoğan in the upcoming summit of the Group of 20; an intergovernmental forum comprised by 19 sovereign nations, the European Union (EU), and the African Union (AU). G20 aims to tackle prevailing matters that are related to the global economy, such as international financial stability, climate change improvement and sustainable development.
Argentina and Türkiye can establish a bilateral agenda of cooperation focused on economic development, industrial engineering, the Internet of Things, automotive engineering industry, defense technology, cybersecurity and agricultural industry.
In his daily encounters President Milei has shown a propensity to challenge the audience’s thinking with provocative questions that today’s regional strategic ambiguity and a rapidly evolving technology presents to the business world. He is keen to establish close ties with Ankara and the Argentina – Turkey Chamber of Commerce (CCARGTUR) is constantly forging new business partnerships and strengthening the economic cooperation between both nations, private sector, and governments. According to Mr. Ozgur Demir, Secretary General of CCARGTUR, “this chamber of commerce aspires to open new bridges of cooperation between companies and the two countries. Improve the state of economy of our two nations. My overall goal is to effectively guide Turkish investors in Argentina.”
Milei has a long and difficult road ahead; however with a rekindled foreign policy and establishment of new geopolitical alliances with democratically elected governments, particularly with Türkiye, Buenos Aires has an opportunity to increase its industrial and trade presence in the Mediterranean Sea and further promote strategic business partnerships with some of the world’s best industrial corporates headquartered in Ankara.
During his presidential campaign, Milei pledged to tackle Argentina’s inflationary unhealthy economy by dollarizing the peso and minimizing government spending; his foreign policy strategy is centered on establishing viable economic partnerships that could increase the levels of employment in his country; attracting large investors and companies from Türkiye is the natural decision that Buenos Aires ought to pursue in the months ahead.
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