Argentina to seek looser foreign ownership rules for rural land

L’Argentina cerca di allentare le regole sulla proprietà straniera per i terreni rurali


Argentina’s presidential spokesperson Manuel Adorni looks on, at the Casa Rosada Presidential Palace, in Buenos Aires, Argentina February 23, 2024. REUTERS/Agustin Marcarian/File Photo (Reuters)

BUENOS AIRES, March 25 (Reuters) - Argentina’s government will send a bill to Congress that seeks to change the limits on foreign ownership of rural land, Cabinet Chief Manuel Adorni said in a news conference on Wednesday.

Adorni said investments in oil, mining and agriculture require large terrain.

President Javier Milei’s administration has pursued a sweeping pro-market reform agenda aimed at attracting foreign capital, rolling back interventionist policies and deregulating key sectors.

“Today, the most important businessmen of the world look at Argentina as a historic investment opportunity,” Adorni said.

(Reporting by Nicolas Misculin and Lucila Sigal, writing by Leila Miller, editing by Cassandra Garrison)

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