The Argentine State has taken control of the Hidrovia Paraná-Paraguay waterway, through which 85% of Argentine agro-industrial foreign trade flows. It also carries 90% of Paraguayan and 50% of Bolivian trade.
Through Decree 427/202, of July 1st 2021, Argentina decided to nationalize dredging and administration of the Paraná-Paraguay Waterway, passing the control to the General Administration of Ports (ADP), Up until then it was in the hands of the Belgian company Jan de Nul. The tender in which companies from the Netherlands, Brazil, Belgium and China have expressed their interest, is now postponed to next year.
The Paraguay-Paraná waterway represents the main exit gate for the productive heart of the region, were more than 30 modern maritime port terminals, 20 important oil factories and the biodiesel industry are located. Over the last 50 years, Argentina went from exporting 20 million tons to more than 100 million tons of agro-industrial products.