Argentina/UK 2011 bilateral trade totalled 1.4bn dollars; could suffer ‘Malvinas’ dispute impact
A private Argentine report warns that the current diplomatic dispute over the Falklands/Malvinas could have an impact on bilateral trade with the UK which last year totalled over 1.4 billion dollars with a 150 million surplus for Buenos Aires.
According to consultants Desarrollo de Negocios Internacionales, DNI, with seat in Buenos Aires, of Argentina’s ten export markets exposed to tension and uncertainty the most significant is Great Britain, which absorbs 7.5% of all sales to the European Community.
“Exports to the UK are exposed to the current diplomatic conflict situation over the Malvinas Islands sovereignty” points out DNI.
Argentine exports to the UK totalled 805 million dollars, while imports reached 655 million dollars with a surplus for Argentina of 150 million dollars.
The list of ‘problem markets’ includes Greece, Iran, Iraq, Syria, Egypt, Libya and Nigeria, although in all these cases they refer to domestic problems of the listed countries.
These markets together with the UK represented 9 billion dollars in Argentine exports in 2011. Last year Argentina had an overall trade surplus of 10.347 billion dollars compared to 11.632 billion in 2010. The UK ranks as the seventeenth supplier, in value, to Argentina and figures in position 26 regarding Argentine exports.
The main Argentine exports to the UK are soy oil, soy flour, wine, corn, oil pipes, some chemical products and peanuts. Among UK corporations operating in Argentina directly or through associates figure Shell, BP, Cadbury, Sweppes, Diageo, Nobleza Piccardo and HSBC among others.
The list of main corporations exporting from Argentina to the UK includes Cargill, Alumbrera mining, Anglo-Swiss Xstrata; Louis Dreyfus and Ford among others, according to the DNI report.
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Please don’t start to lie again. Argentina doesn’t need UK to reach EU markets what for?
And EU/Mercosur doesn’t depend on you in fact you are really to be left out of the EU. You are isolated do you remember?
Any other new fake propaganda about powerless UK?
Am not lying Dany - We control the English channel shipping routes and the shipping routes at the northeastern entrance to the North Sea, plus theirs our naval presents in gibralter and the suez channel that gives us control of the shipping routes to the med too. So that only leaves a very few shipping routes for you by sea and off course routes over land via russia and asia.
Oh and i think you will find we are not isolated in Europe at all. And since we are a veto welding nation in the EU we can Veto the EU/Mercusor trade agreement if with wish, not to mention the other EU treaties being treaty bound to defend the sovereign interests of other EU nations. So if we were to impose trade sanctions and block argentine trade with europe as a result of your illegal economic blockade (also known as an illegal act of war) other EU nations are treaty boud to side with the UK. If they didn't then the EU would fall apart, though off course they can remain nuetral, though that would not prevent us blocking argentine ships and ships carrying argentine products heading to those neutral countries.
We did the exact same to Germany by closing of trade routes to the atlantic and to outside of the med in WW1 and 2. IF we can stop Germany leaving the north sea and med, then am pretty sure we can easily stop argentine ships or ships carrying products from argentina from entering the north sea and med. After all, its not as if you have a navy that can do anything about it, hell you can not even prevent us from having 1 destroyer in the falklands, let alone stop us from closing off sea trade routes to europe to argentina trade.
The issue is that your industry has a lot that couldn't be sold and therefor they are looking for where can pu it at a lower price. That's dangerous for our industry, so we need to avoid that kind of deal with you till you can recover from the crisis and I think that won't happen any time soon. Sorry!
You really are a child. Are you?
So are you telling me that EU will allows UK to isolate Argentina trade with Europe because of your stupid claim over these Islands? Germany, Italy, France and Spain will not allow that to start with.
“in the EU we can Veto the EU/Mercusor trade agreement if with wish, not to mention the other EU treaties being treaty bound to defend the sovereign interests of other EU nations.”
Do it Argentina will thank you for that. But Germany, France, Spain, etc. will be really piss off and may be they will kick your ass from the EU. You are a pain in the ass for EU partners.
“If they didn't then the EU would fall apart, though off course they can remain nuetral, though that would not prevent us blocking argentine ships and ships carrying argentine products heading to those neutral countries.”
Why? Will be easy to kick you out from EU in fact we are thinking to do that if you don’t live first. Do you think Germany, France, Belgium, Italy, etc are happy with you?
“We did the exact same to Germany by closing of trade routes to the atlantic and to outside of the med in WW1 and 2. IF we can stop Germany leaving the north sea and med, then am pretty sure we can easily stop argentine ships”
First this will trigger a war with SA and second the impact over Argentina exports will have little impact. You will piss off more EU/USA/BRA interests and companies than Argentineans.
As I said before UK is powerless and in decline.
So next what? Are you going to scare Argentina by blockading her from the international financial sector?
You are a complete ignorant.
We don't have a 'stupid claim' to the islands. That's you. We have sovereignty over the islands and you have nothing.
And Spain and Italy etc aren't going to 'kick the UK out of the EU'. You're in a fantasy world. They need all the help they can get to keep their rubbish economies afloat and they know it.
11 JuanStanic
Do it. Put a tariff on exports to everywhere else as well. And put a tariff on imports. In fact rid your country of all 'foreign interference'. Fill your boots.
Just watch the same thing happen here.
Your forgetting 2 key points Dany Berger.
1 - we do not have a stupid claim; We actually have sovereignty of the islands its argentina that has nothing more than a stupid claim.
2 - Argentine hostile acts of economic blockade and mercosur banning of falklands flagged vessels are illegal and an economic bloackade is also an illegal act of war. As such the EU is treaty bound to side with the UK, they have no choice but to enter trade sanctions against the Argentina if the UK pushing for such sanctions via the EU, and off course we are free to block trade routes to argentine ships and ships carrying argentine goods to the EU, and theirs nothing the other EU countries can do about it.
Does the EU need trade links with south america, no not really, it would be nice to have such links, but we can get what limited products and resources that south america exports, from asia. Your line of thinking is like IRAN's “OH EU needs our oil, they won't put sanctions in place like the USA did!” and guess what, we did put sanctions in place and most EU nations will be getting their oil from elsewhere by june. The UK's trade with argentina has no impact on our overall annual trade, its less than 0.5% our GDP and we can easily replace argentina with other south american countries trade.
You said the EU needs south american trade, you clearly therefore think trade sanctions against argentina will result in other south american countries ceasing trade with the EU, how wrong and deluded you are. I think you will find the rest of south America will look at you and say you asked for it, now good bye we have very important trade with the EU and UK to attend too. What is it with you deluded argentinians, you think argentina includes the whole of south america, you thik yourselves kings of south america, when your really the south american jesters in the eyes of other south american countries.
They would like to be the Kings of South America.
They would love to have an empire.
Too late mate, the age of empires is over you keep telling us.
Haven't you heard?
Your 100% spot on isolde, also they seem to think the Soy Oil and Soy Beans are vital to the UK too, shame we can use alternatives like Vegetable oil and sunflower oil, not to mention alternative beans - after all its not Soy beans that go into heinz baked beans (A national insitution in my opinion), is it? lol.
“Argentine hostile acts of economic blockade and mercosur banning of falklands flagged vessels are illegal and an economic bloackade is also an illegal act of war”
So send your army for a war what are you waiting for? Sure if you blockade (and not bloackade as you wrote) Argentina’s commercial routes she will declare war to you. They have done that before to Britain and France when wanted to take over Parana river in 1845.
“they have no choice but to enter trade sanctions against the Argentina”
I’m European German/Italian to be precise and what you are saying is just a lie we European will not support you on such things against Argentina. Germany, Italy, France and Spain will never do that especially because lots of Argies are descendents from that stock. Argentina and Brazil are for us what for you is US. Will UK cut links to US because Germany, Italy or Spain want to do so?
So your level of ignorance and stupidity is amazing, you only ally may be Congo. Oh wait a minute they don’t even like you. So you are along or ask Uncle Sam for help.
UK is to SA equal to 0 sum none cares about Britain, and stop talking about EU because you every day have less friends to count on.
If you have any doubt call Dorothea Merkel.
Should be banned from EU market.
IMHO
@6 So pleased you can do without US$805 million. How are you getting on with the loss of your subsidies on food, power, etc?
@7 UK exports average £1.1 billion PER MONTH. That's US$1.7 billion PER MONTH. That's US$20.4 billion per year. Argieland IS insignificant.
@9 Strange how many EU members don't want anything to do with Mercoslurp. Isn't it 14 now? UK is saying nothing. Because the government can see that British people won't buy argie goods. Are you going to maintain your export statistics by putting stuff on ships and then dropping it overside in the middle of the Atlantic? Little tip. We don't want your crap. But feel free to ship it over......and then ship it back! AAAHAHAHAHAHAHAHAHAHAHAHAHA!
@10 Have you noticed that the majority of British people want the UK out of the EU? Finally, there may be something to thank argieland for! Still not buying your crap!
@11 Good idea! Can't think of anything better. Taxing argies for exporting goods to Britain. Ensuring that they are even more uneconomic and won't be bought.
@17 Thank you for threatening war, half-breed. So when Italy and Spain are going down the tubes, we'll be sure not to help. Still a good chance for Gibraltar to own Spain.
Hmm, German-italians now speak for the whole of Europe... We have no need for the EU then, because we can just ask the German-italians to make a judgement on every issue. It's not as though Germany hasn't imposed a Eurocrat as their head of state, and the Spanish banks have all been found to have been built on sand. Hmm.. Judged by the best then.
Result: Do a Switzerland and get out of Europe.
It's funny how the most respected hospital in B.A. is 'The British Hospital'.
Delusional and indoctrinated idiots who do not understand export and import for a start. 'Increase the tax on exports' absolutely brilliant!
I understand the British will put this before the EU, if the Argentines keep pushing their economic blockade. It will be interesting to see how long Argentine survives without Soy.
“I’m European German/Italian to be precise”.
Really?
Funny how these Hispanics claim to be everything apart from Spanish/Argentinian. Must be ashamed or something.
So when did the Germans or Italians land on the Falklands now that the claim through Spain is being side lined?
Pretty sure the Irish, Icelanders, Swedish, Danes, Turks and Portuguese didn't get there before us either. Of course just like the Botox Queen herself - they are all fake.
Not surprising that they claim to be Italian or German then, as they are the folks who still have access to Gold in bank boxes in BA and overseas currency. The Spanish wouldn't have migrated with money, therefore probably remain as an underclass that didn't support Peron.
WHAATT: (m24digital.com/en/2011/06/01/this-unity-between-argentina-and-italy-is-not-just-an-issue-that-begins-today/) “The Italian model of development is a model to look at and emulate,” says F.CK. but the italian economy is pretty much facked. Well done F.cK.
“We are Europe” >> Germany is Europe is it now? We know you own the French, Irish and Greeks, but you're not Europe yet.
I'm guessing from your lack of german skills, that you're actually an Argie. No German is that ridiculous enough to support Peronism.
I agree Danny Berk displays definite Nazi sentiments and he's a bit too excitable to be a real German. Don't know whether you noticed but his English is shit as well.
No. Just the UK. The rest of the world is fine. IMO I would promote even less trade barriers towards the rest of the world. But if we found a country selling us stuff from UK, talk it and if the situations repeats, put a trade barrier there as well
Comment removed by the editor.
What happened with the freedom of speech? guaguitas?
May be the “cleaning toilettes” touched a nerve? hmm I guess so but what can we do its your destiny...
I think you forget the UK is the 2nd/3rd largest (dependent on measure) contributor to the EU, so what do you think would happen if the UK left the EU in its perilous state?
Let me give you a clue, many countries would 'do a Argentina' and default.
So yes the UK is extremely powerful in the organization and could certainly leverage sanctions against Argentina.
Oh dio! again with that rubbish Nothing happen the world can goes on without you. You are not so important. EU 18 trillion GDP 2 less none is going to die may be the Greeks well collateral damage I guess.
YOU should run faster from EU to save money we will be so sorry for your departure. I can see especially the French crying if such event happen.
And your exports sure will rise to the sky by exporting to SA. Oh! wait a minute I guess they will not buy much from you. China perhaps?
Come on take a decision mate.
Who said you are protectionist?
And you are also wrong. Look at Paraguay. They were doing quite fine economically. Bad foreign relations, but good economics anyway. Until their dictator decided to invade Argentina to interfere in Uruguay and provoke Brasil.
But I'm not for economic isolation. Just stop importing from UK. If you want to buy our stuff that's up to you.
@31 You're not allowed to import anything anyways, no iphones, no technology. Apparently your soya is all genetically modified and so the EU won't be able to import it. Apparently all your wood is from deforestation, so the EU won't be able to import it. Sorry.
Argentina is opposed to the current items of negotiation since EU subsides agriculture, our main exports. EU is bankrupt and need urgently to export. EU is not more a manufactures exporter because of cheap exports of China (a big problem for the whole world), so EU need to export its services, especially the City of London. The City of London could have problems with EU itself. Frankfurt is the main threat to London in business. This is a big issue. London thinks they need to open to other markets. Latam is one of them.
Opening to latin american markets isn't a problem in finance because people in finance rarely care about the politics du jour and places like Argentina aren't even allowed to sell bonds. Not sure what services europeans would be selling to Latin America, unless you get spanish speakers from spain to do the work (British people speak English, not Spanish). The only people interested in Latin America would be oil and commodities companies, except for in Brazil.
1) False. I have an smartphone fabricated here. A BlackBerry actually. They are being fabricated. Why to import them? Importing takes away local jobs.
2) So what? Nobody really cares. It's not like the sales are going down.
3) You surely should take a trip to Misiones.
1- In fact I was thinking that you are not British at all, your English it is worse than the argie poster here. Lot of grammar and spelling mistakes. Words that none use in civilised Britain anymore.
2-You have no idea about the state of the UK economy, you talk about Britain’s military capabilities that everybody in Europe know that you don’t have.
Well my friend bad news Britain is going to have another recession.
www.thisismoney.co.uk/money/news/article-1616085/Economy-watch-Is-Britain-heading-recession.html and your army is in a deplorable state.
3- GreekYoghurt is an example of that, just in the drains but keeping union jack waving (nationalistic? Who say that?.
Barclays was very interested to sell argies bonds in the international market they also made all the preparations for that since 2006 and also opened a local office in Buenos Aires, until the deal was frozen due to Camerun’s arrogant rhetoric over the islands and also Barclays was accused to finance Desiree Petroleum. Plus the new money laundering and anti-terrorists legislation approved by arg congress. They have to close the office in BA.
atfa.org/cgi-data/news/files/4900.shtml
en.mercopress.com/2011/06/02/argentina-expected-to-return-to-international-credit-markets-at-the-end-of-2011
@ JuanStanic
British have been brainwashed by their politician since long time ago to believe that buying cheap from China and having a good credit rating AAA will solve all their economics problems. “Plata dulce” catastrophic policy that destroyed Argentina in the 80. So they lost all and all Brits dream to became a yupi WS style. But reality knocks their doors now and they prefer to live in denial than to face reality by thinking the are powerful, educated, rich, and all that rubbish that you can soon realise (after a tip to UK) that all this is only in their own mind.
The only hope they have is their education. The economy is dependant on a financial market which will greatly suffer from ongoing crisis.
Your making a very stupid miscalculation in your view the the EU doesn't need the UK. Yes the EU has a GDP of 18 trillion, but the EURO ZONE (you know the part germany belongs too) is the part in crisis and is still very much on the verge of collaspe. Such a collaspe would cripple Eurozone countries finanically and lower their credit ratings making it even harder for them to pay back their national debt. The remaining EU coutries although will be impacted, the impact will be short lived, and they will bounce back. Where as the EUROZONE countries will face unprecedented economic and currency collaspe.
Your clearly a german that hates brits purely because you want your country to control the whole of europe. You failed in december to get your hands on the UK finanical power house, you failed to get the whole of the EU to agree the new fiscal treaty, and its because of this that your so mad at us. Well booo hooo, you couldn't do it in 2 world wars, so what on earth makes you think you would get away with doing it diplomatically. You know merkel is so desperate to solve the EURO ZONE crisis - Well i'll tell you, its because it will bankrupt germany along with other EUROZONE countries if the EURO fails, why is that? Well its because all the investments in EUROs will be worthless, same with bonds purchased in EUROS, but the value of such bonds will still be owed to the purchasers of such bonds. Your country is like argentina, both facing economic and financial meltdown.
Well us brits will watch from the sidelines and say, “ don't say we, didnt tell you so”.
Oh and i forgot to mention earlier, the EU 18 trillion GDP is also irrelevant per nation, as each nations has its own GDP and if those in the Eurozone lose the euro through currency collaspes, then as the majority of them owe more money than what their national GDP is, they would be bankrupted over night. In otherwords, at 11:59pm your bank will show xxx amount of Euros in it, then at 12:01 it will show 0 euros in it. Changing back to your older currency will not have any effect as all you would be doing is basically using the same paper but changing its name, which does not add any value to the paper at all.
An argentinian accusing the British of mishandling their economy is just hilarious. Our economy for good or bad is open and transparent, whereas yours is neither. You cannot even get the Force Against Transaction Fraud (FATF) to see your accounts because they'd just laugh and say it has no bearing on reality, and you sponsor international terror. You refuse to let the IMF see your accounts because they are completely vacuous and falsified. Lord knows where you got 8.8% growth from when a third of you are living in abject poverty and unemployment is rife.
I don't blame Barclays for trying to sell your bonds, as finance is a typically amoral activity.
Your bitterness is just a toxic side affect of mummy and daddy having been sent into exile in patagonia because Uncle Adolf lost the war, and you are aware that no amount of whinging is going to bring back your lost dignity.
Merkel is desperate for UK to stay in EU because she has the intelligence to understand that once the UK leaves the EU, Germany will have to pay even more for an organisation that they get next to nothing in return.
So drop the act, Argentinian we all know you are on the greasy side of humanity.
Now as you are so keen on dates and are always blowing off about Argentina getting sovereignty over the Falkland Islands - Date please!
Lets see who would have issues with the UK saying what could enter or leave...Egypt and Russia (oops) to start, USA and the UN, and likely China and Turkey, Iran etc etc....so basically the whole world.
Also France has its own sea boundary in the channel, so dream on again.
Also shipping can go north round by Norway, either stopping there or moving south to Rotterdam or north on to Russia.
And Gibraltars sea claim doesn't even currently cover the width of the entrance to the med, although Gibraltar/UK could impose its 12km limit, to do so would create a shtstorm with Spain which would make any issue with Argentina pale in comparison (Spain can also block it too), and the rest of Europe and Morocco and other N.African countries would not be too pleased either.
Time to steam power yourself and your trusty tobacco pipe and bowler hat back from the colonies and into the present pip pip.
Germany and France are thinking about Frankfurt as their city business and start replacing London which only defends its interests and not the interests of the whole EU community.
Believe me, your country is going down the toilet and british society will be known as those that ONCE “ruled the waves” as you like to sing :-). Maybe something similar to Incas.
cheers
Maybe it's just your terrible rewritten school-books and I shouldn't blame you at all.
“Your bitterness is just a toxic side affect of mummy and daddy having been sent into exile in patagonia because Uncle Adolf lost the war “
What bitterness mate? I’m being so kind.
By the way do you know something about Uncle Adolf? I’ve been for so long without notice from him.
You'd better phone them and ask.
I’ve already did that but someone on the phone talking in English with a really estrange accent keep telling me...
“This is Greek Yoghurt from Affen Islands who’s speaking?”
I’m very confuse now any thought?
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