"Still, several foreign companies chose to leave Argentina in 2020, such as Glovo, Falabella, Latam Airlines, Qatar Airways, Emirates, Air New Zealand, Pierre Fabre, Saint Gobain Sekurit, Basf, and Axalta. Among the reasons the companies cited to leaving the country, besides those caused by the pandemic, were unprofitable and complicated ways of doing business, powerful labour unions, state interventionism, anti-business policies, volatile politics, and price and currency controls."
https://santandertrade.com/en/portal/establish-overseas/argentina/foreign-investment
Argentina's Country Risk, page-2
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