Arturo Frondizi won the 1958 presidential election in a landslide. In the same year he announced the beginning of the "oil battle": a new attempt at import substitution which aimed to achieve self-sufficiency in oil production by signing several contract with foreign companies for the mining and exploitation of oil. In 1960, Argentina joined the Latin American Free Trade Association.
Arturo Frondizi won the 1958 presidential election in a landslide. In the same year he announced the beginning of the "oil battle": a new attempt at import substitution which aimed to achieve self-sufficiency in oil production by signing several contract with foreign companies for the mining and exploitation of oil. In 1960, Argentin.a joined the Latin American Free Trade Association