U.S. companies in Argentina expressed their concerns about the appointment by decree and in commission of Ariel Lijo and Manuel García Mansilla to the Supreme Court, carried out by the government of Javier Milei. They questioned the arguments put forward by the authorities to justify this measure, such as the Senate recess and the lack of approval of the appointments.
Key organizations such as the Argentine Industrial Union (UIA), the Commerce Chamber (CAC), and the Argentine Business Association (AEA) also spoke out about this, highlighting the importance of legal certainty for the country's competitiveness and growth. They warned that the lack of such protection could hinder the much-needed economic and social recovery in Argentina at this time.
The UIA decided not to hold a public manifestation, while the CAC is evaluating its response and the AEA has not yet issued comments on the matter. Meanwhile, the U.S. Chamber of Commerce in Argentina (Amcham) acknowledged the progress made by the government in terms of monetary and fiscal stabilization in the past year, which has contributed to the reduction of inflation and economic deregulation.
Business leaders expressed their concern that this presidential decision could overshadow the economic achievements reached so far and jeopardize the legal security of the country, which would affect the necessary confidence to attract investments. Although they recognized the constitutionality of the measure, they emphasized the "extraordinary" and "transitory" nature of the appointments, casting doubt on their impact on democratic institutional balance.
In conclusion, business leaders stressed that the lack of institutional predictability and clear rules has undermined the confidence of economic agents, distancing crucial investments for Argentina's development. They assured that temporary judicial appointments could undermine these efforts and harm the stability necessary for the country's growth, generating uncertainty and weakening judicial resolution.
