Argentine president envisions more U.S. investment following Obama's visit

Argentine President Mauricio Macri said Friday that "an enormous wave of investment from the United States" would come following U.S. President Barack Obama's just-concluded visit to the country.

"In the next two years, we will see a growing wave of investment from the United States toward Argentina," Macri said in an interview with local radio station Mitre, adding that the investment will be made in such areas as renewable energy, mining, tourism, petrochemicals and software.

"This is an enormous investment trend from the United States, which will be added to that from China...and to that from Europe, with whom we are restarting relations," Macri said.

Obama paid a state visit to Argentina on Wednesday and Thursday, which coincided with the 40th anniversary of the U.S.-supported military coup that began a seven-year crackdown on labor unions and leftist opponents.

Meanwhile, the two countries decided to enhance their trade relations, which are currently at their lowest point in 20 years.

Macri said he had discussed with Obama how Argentine products, such as meat, pears, honey, lemons and tea, could best gain access to the U.S. market.

"We are working on an agenda to achieve greater bilateral trade," Macri said. Endi