BUENOS AIRES Reuters-Argentine announced measures that will boost technology exports to $10 billion in 2023, in order to support growth of the knowledge economy. The measures will make 20% of the foreign currency enter the country and 30% of the money derived from export growth available for investment projects focused on exports.
They were announced on Monday by Economy Minister Sergio Massa and Knowledge Economy Secretary Ariel Sujarchuk.
That would be a big rise from current technology exports. In 2022, Latin America's third-largest economy plans to export around $7.4 billion worth of technological goods, up from $6.2 billion in 2021.
The measures come as the central bank is trying to shore up its embattled foreign reserves.
Massa said that the plan would be achieved by direct investment in infrastructure and capital goods for new or expanding technology projects. The plan aims to formalize jobs in the tech sector.