Alberto Fernández presents the project that modifies the Law of "Buy Argentine"

President, Alberto Fernandez, will present today the bill of “Buy Argentine, Development of Suppliers and Purchasing for Innovation”. The objective is to promote a greater participation of the national industry in public purchases, generate jobs and stimulate the development of investments and technology transfers to the sectors of the national economy with greater productive capacities.

At the official ceremony, the Head of State will be accompanied by the Minister of Productive Development, Matias Kulfas. The current Law (27,437) that was enacted in 2018 has great limitations so that the State can use its purchasing power as a tool for development.

In the Casa Rosada they hope with these modifications they can generate 30,000 new private jobs, encourage the investment of an additional $ 40,000 million annually in research, development and innovation per year, and save US $ 300 million in annual currency.

What the project says:

– Promote a greater participation of the national industry in public purchases.

– Generate an increase in employment.

– Promote investments and technology transfers to sectors of the national economy with greater technological and productive capacities.

– Stimulate and regulate the role of public procurement in innovation and in adding value in strategic sectors.

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