Denmark will close its embassy in Argentina because it is no longer part of its priorities

The Danish government announced on Friday that It will close its embassy in Argentina as part of a “restructuring” of the foreign service, which will prioritize delegations in other countries.

The decision was publicly announced by the Secretary of State, jeep kofod, as a reaction to the situation in Afghanistan, forcing the authorities to do so To prioritize “the safety and protection of the Danish people in a world where democracy, human rights and values ​​are under increasing pressure”.

“Restructuring means, among other things, strengthening our missions in the European Union, NATO, the United Nations, the Arctic and Africa as well as in relation to our export initiatives. In all, 16 missions and 9 departments will be strengthened at the headquarters of the Ministry of Foreign Affairs in CopenhagenIt was identified in a press release.

They will also close the embassy in Tanzania, with the Consulate General in Chongqing (China) and the Trade Mission in Barcelona (Spain). In addition, a series of efficiency measures have been announced, for example, in the areas of energy, procurement and real estate.

“My priority as Foreign Minister is to ensure the safety and security of the Danish people in a world where democracy, human rights and our values ​​are under increasing pressure. This reorganization is intended to help us direct our efforts, both here at home and around the world, so that we can make the most of our potential. The serious event in Afghanistan over the past two weeks requires reflection, and we need time to absorb and analyze this in cooperation with the Danish Parliament. “After this process, the government will present a new strategy for foreign and security policy at a later stage,” said Minister Kofod.

The Danish Ambassador to Argentina, Soren Vohtz, has also assumed diplomatic representation in Uruguay and Paraguay.

The decision comes at a time when the economic situation raises concerns in the world and leads many foreign companies to rethink their future in the country. Recently, a report from the United Nations Conference on Trade and Development (Unctad) determined that Argentina is The second worst performing country in the world in terms of foreign direct investment.

According to a report by First Capital Group, since August 2019, there have been at least 32 operations and/or announcements in which a multinational group has decided to close and/or sell its local operations or business unit in Argentina. They are mainly concentrated in the aviation, textile and retail sectors, activities that have been particularly affected by the epidemic and economic crisis in Argentina. LATAM, Norwegian, Air New Zealand airlines; Auto parts company Saint Gobain Sekurit; Walmart supermarket chain and Falabella retail chain store; Nike. Pharmacist Eli Lilly; Among other things.

Foreign direct investment is considered capital that comes from abroad to the country, from existing companies in the country or from new companies, added to the reinvestment of profits made by companies of foreign origin.

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