Italy’s exports to Argentina are likely to rise to $7bn by 2021, but the economic impact of the trade dispute could be much bigger, according to a new report.
Italy is already exporting about $1.6bn worth of goods to Argentina annually, according the International Monetary Fund, and that could rise to as much as $7.5bn by 2025, according a report released on Tuesday.
Argentina, a country of 12 million, is Italy’s second biggest export market after China.
The country has been locked in a dispute with Italy over the construction of a border wall and the use of its territory for the construction.
The dispute is due to be resolved by the end of the year.