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Montevideo, May 20th 2018 - 17:45 UTC

US demands Argentina “immediately” ends the import licensing regime

Saturday, June 23rd 2012 - 07:53 UTC
Full article 164 comments

The United States demanded on Friday that Argentina “immediately” end an import licensing regime and other curbs that have frustrated foreign suppliers while also expressing concerns about a “sweeping new import restriction” that Indonesia has imposed.

The comments came in remarks by a US official at the World Trade Organization in Geneva, copies of which were made available in Washington.

Rachel Bae, a US attaché, took a notably harder line with Argentina, which is already the target of a WTO suit filed by the European Union over steps the administration of President Cristina Fernandez has taken to discourage imports.

Those include an import licensing regime and an obligation on companies to balance imports with exports.

“Our hope is that Argentina will acknowledge our concerns and terminate these import-restrictive measures and practices immediately,” she said.

“In short, our question for Argentina, again today, is: When will the government put an end to the non-transparent and restrictive measures and practices that have been the source of such longstanding irritation and growing frustration to so many of Argentina's fellow WTO Members?”

In contrast, Bae began her remarks on Indonesia by stressing the Southeast Asian nation “is an important partner of the United States.”

But it has introduced a large number of new trade and investment restrictions “that threaten to make Indonesia's market impenetrable,” Bae said.

In related news WTO General Director Pascal Lamy said the organization will be deciding this year if Argentina must lift some of its import restrictions, which the EU says are not in line with the agency’s rules.

“The WTO will decide if Argentina has complied or not with its obligations established under the WTO rules, as requested by the Europeans,” Lamy said during the UN Rio+20 summit held in Rio de Janeiro, Brazil.
 

Top Comments

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  • Ken Ridge

    The clock is ticking,
    helcopter on stand by
    lifeboats at the ready

    You Argetards never listen, Arg is like the Costa Concordia, jajajaja, sinking ship and KFC is the captain, jajaja.

    Jun 23rd, 2012 - 08:54 am 0
  • LEPRecon

    See Argentina isn't the only country that can make demands. The difference is that the USA have international clout and Argentina doesn't.

    Jun 23rd, 2012 - 09:27 am 0
  • Self Determination

    Dont mess with Uncle Sam, the EEC,WTO, Japan,India,the Commonwealth.....basically most of the world.The protectionist chickens coming home to roost.
    Apart from the dollar flight,inflation, national strikes the latest news is 400 construction workers are laying siege to Pan American Energy, they have vandalised plant ,production is at a standstill and there is going to be LNG shortages in Patagonia.
    Pan American is 20% owned by the Chinese, perfect timing for their premiers visit, how are they going to attract international investment?
    It just gets funnier everyday.

    Jun 23rd, 2012 - 10:40 am 0
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