Argentina's policies on science and technology have also changed dramatically. In 1992 it signed a Bilateral Nuclear Cooperation Treaty and ratified the Treaty of Tlatelolco. Argentina dismantled its Condor missile system and became a member of the Nuclear Suppliers Group and the Missile Technology Control Regime. Argentina has also cooperated with the United States on the preservation of the environment and in combating narcotics trafficking. The Menem Administration has strongly encouraged private initiative through privatization, deregulation of the economy, and encouragement of foreign direct investment, all of which are vital to continued growth.
Foreign investors are welcome in virtually every economic sector.
The highly favorable investment climate continues for U.S. firms despite the occasional inconsistencies associated with governmental and judicial actions. A variety of cases exist where U.S. companies have been unfairly affected by what they consider to be arbitrary and capricious enforcement of laws. Although much has been achieved in such areas as deregulation and market opening, the government has been less successful in guaranteeing rule of law. The government itself recognizes that the administration of justice must be improved as well, to speed up court cases, and guarantee a fair, competitive business environment. The U.S. government supports these changes.