'The measure aligns the country with international standards and will attract new technologies' cabinet chief Manuel Adorni said
Argentina’s government has loosened the rules for biotech patents after repealing a regulation titled Resolution 283/15.
Taking to X on Friday, the cabinet chief Manuel Adorni announced, “The National Government repealed Resolution 283/15, which restricted the patenting of biotechnological developments in Argentina.”
"The measure aligns the country with international standards and will enable the attraction of investments and new technologies to the production sector, especially the agricultural one," he said.
According to a decree published by the economy ministry, “The change will restore a clearer, more predictable environment compatible with the promotion of biotechnological innovation, aligned with international standards and national legislation."
The move comes after earlier this month, the Argentina’s government led by President Javier Milei and Deregulation Minister Federico Sturzenegger suggested legalizing entirely AI-run “non-human corporations”, aiming to let “AI fully thrive freely without the deadly hand of premature and poorly understood regulation.”
The purpose behind this move is to position Argentina as a global hub for the development of artificial intelligence by offering low corporate taxes and minimal regulation.
The framework also consists of three pillars including, the commitment to keep AI unregulated, the creation of a new corporate category in Argentine law: the non-human corporation and low corporate tax rate.
“As much as the industrial revolution freed us from the constraints of the human muscle, AI will free us from the constraints of the human brain, pushing productivity beyond our wildest dreams,” Milei said.