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Conducting Business In Argentina

CMG LLP

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BackgroundCommunicationEtiquette People & DemographicsPolitics & CurrencyFood

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In 1816, Argentina was all that remained from the decentralization of Bolivia, Paraguay and Uruguay.

Argentina’s culture and population is a merger of trans-euro immigration.

The country’s history is prevalent with political unrest, particularly between the Federalist and Unitarian parties up until the mid 20th Century.

After the Argentine government failed to seize the Falkland Islands in 1983, Democracy was reestablished and has succeeded ever since.

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Hello my name is… o Hola me llamo…

Goodbye.o Adiós.

Thank you.o Gracias.

I respect your decision. o Respeto su decisión.

There are many ways of making profit. o Hay muchas maneras de obtener ganancia.

I feel that starting a business here would be beneficial for the both of us.o Creo que iniciar un negocio aquí sería

beneficioso para ambos de vosotros.

I am looking forward to doing business with you. o Espero negociar con vos.

Useful Words & Phrases

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Official Language - Spanish

Secondary Languages - Italian, English, German, and French.

Argentines are generally direct, open and frank, yet tend to remain amiable and diplomatic.

Argentines are generally cordial, illustrating their unreserved compassion.

Argentines prefer to speak within a close personal space and will often touch one another while speaking.

Types of Communication

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If Argentines trust you, they are more likely to do business with you.

They prefer interpersonal communication rather than electronic, phone, or written communication.

Personal presentation is extremely important in Argentine business and culture.

As with many cultures, proper respect must be shown to those of higher authority.

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Meetingo Be punctual for your meetings.o Argentines appreciate small talk before business

discussions. Negotiation

o Argentines will generally only deal with those of similar professional status.

o All business decisions involve complex bureaucracies and may take days to enact.

Apparelo Business attire should be formal and conservative,

yet stylish.o Good quality accessories are important for both

sexes.

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Greeting

o Greet the most elders first followed by those in decreasing power and seniority.

o Argentines appreciate a firm handshake with direct eye contact.

Dinner

o Do not immediately sit down; wait until the host gives you permission to do so.

o Do not eat until the host tells you to do so.

Manners

o Thank each host individually when leaving and call the next day to thank the primary host again for the evening.

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People

92%

2%2% 4%

Religion

Roman CatholicProtestantJudaismOther

25.6%

63.5%

10.8%

Age Structure

0-1415-6465 - Above

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Demographics

Geographyo Location – Southern South

America, bordering the South Atlantic Ocean, between Chile and Uruguay.

o Geographic Coordinates – 34 00 S, 64 00 W.

Climateo Seasons are reversed in

South America. Transportation

o Airports – 1,130o Heliports – 2o Railways – 31,409 km.o Roadways – 231,374 km.

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Government – Republic

Argentine legal systems are a mixture of American and Western European influences.

Executive, Legislative, and Judicial Branches of Government.

The currency of Argentina is the Argentine Peso. (Different from the Mexican Peso)

Politics Currency

Food

Red meat is an extremely common staple of the Argentine diet.

Breaded and fried meat or schnitzel, called milanesas, are used as snacks, in sandwiches or eaten warm with a mashed potato purée.

Empanadas are small pastries of meat, cheese and sweet corn.

A traditional drink of Argentina is an infusion called mate.

Other typical drinks include carbonated wine along with tea and coffee.

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Testing Your Knowledge

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Thank You From CMG LLP.

For more information please visit our reference guide.