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Antonio GARRIDO
Head of International Desk Latin America
Antonio GARRIDO
Head of International Desk Latin America
Last updated: September 2020
The Crédit Agricole Group has a presence in Argentina with a representative office of Crédit Agricole CIB.
The Crédit Agricole Group’s Latin American Desk for International Support, based in São Paulo in Brazil, supports the Group’s business clients in Argentina by drawing on the Group’s business units and on banking partners: Banco Supervielle, Santander and occasionally Galicia and BBVA.
General Information
Business in Argentina is generally conducted through the prior establishment of a relationship of trust between individuals. This takes time and may require the use of a local intermediary for an introduction. It is best to not put too much pressure on Argentine contact partners during trade negotiations. It is recommended to use Spanish during conversations. Finally, make sure to use your contact partners’ titles (doctor, engineer, etc.).
Means of Payment & Banking Specificities
The most commonly used payment is international transfer, followed by documentary remittance and letters of credit, although, in the latter case, to a much lesser extent. The current context of dollar shortages and exchange controls must be taken into account, which can lead to considerable delays in settlement.
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