ICTSI marks Philippines-Argentina investment treaty anniversary

TecPlata CEO Juan Pablo Trujillo (right) with Philippine Ambassador Grace Cruz-Fabella.

International Container Terminal Services, Inc. (ICTSI), through its Argentine subsidiary TecPlata, marked the 25th anniversary of the Treaty on the Reciprocal Promotion and Protection of Investments between Argentina and the Philippines.

TecPlata Chief Executive Officer Juan Pablo Trujillo presented a commemorative plaque to Philippine Ambassador Grace T. Cruz-Fabella in recognition of the treaty’s role in strengthening economic and cooperative ties between the two countries.

“This anniversary reminds us that investments build bridges between countries. At TecPlata, and as part of the ICTSI Group, we renew our commitment to Argentina and to the development of its port infrastructure,” said Trujillo. 

The treaty provides a framework for predictability and legal certainty for investments by each country in the other’s territory. It has helped build investor confidence and strengthen a bilateral relationship spanning more than seven decades of diplomatic ties.

ICTSI invested more than USD500 million to develop TecPlata at Puerto La Plata, creating Argentina’s most modern port infrastructure in the last 100 years. Through TecPlata, ICTSI aims to contribute to the efficiency and competitiveness of Argentine logistics through infrastructure, technology and sustainable operations.