Argentina waiting for Obama administration to help balance bilateral trade
Ambassador in Washington Jorge Argüello said that the Argentine Government is concerned with the deficit increase in bilateral trade with the US and is waiting for Barack Obama administration actions to increase the purchase of Argentine goods.
Argüello made his remarks during a meeting at the Washington International Business Council in which the ambassador spoke about the trade policies and Argentine-US economic relations.
Bilateral trade between both countries reached 13, 1 billion dollars last year, which represented a 100% increase in comparison to the volume registered in 2001.
However, over complaints the US made before the World Trade Organization regarding Argentine import policies, Argüello highlighted the fact the trade balance between both countries shows an increasing deficit for Argentina.
“This is a cause for concern for Argentina. The solution is not buying less US goods but increasing Argentine exports. We have yet to have a positive answer from Obama’s administration regarding that issue,” he added.
Last week Rachel Bae, a US attaché before the WTO demanded an “immediate” end of Argentina’s import licensing regime and other curbs which have frustrated foreign suppliers. They 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?”, said Ms Bae before the WTO.
WTO General Director Pascal Lamy said the organization will be deciding this year if Argentina must lift some of its import restrictions. Earlier this year the European Union filed a complaint before the WTO over steps the administration of President Cristina Fernandez has taken to discourage imports.
“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.
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Obama is a leftist President (as close as you'll get in the US). Why should the USA buy Argentine produce, when they can get the same products elsewhere, cheaper and without any of the hassle that CFKs government has put in the way of trade.
Remember, it's Argentina that has unilaterally put trade blocks in place, not the US, so the US have stopped buying their goods. What did CFK and her crazy government think would happen?
If this continues, more and more countries will turn away from Argentina and use other sources. I bet Chile, Uruguay, Peru and Brazil are having a good laugh at Argentina right now.
America doesn't care at all about Argentina nor its government with the one exception which is the billions the Argentine people/government still owe America.
Do you think the US Prez promised to increase trade then eliminated trade preferences? I think Arguello needs better translation software. Also US Prez doesn't buy anything businesses do. What a complete idiot this guy is.
USA has not restricted trade with Argentina, they don't have anything we want or need. They are liars and unreliable trading partners.
The last meeting the Arg Embassy had here for US Businessmen LITERALLY no one showed up so after an hour the RGs called it quits and went shopping.
It is apparent to me that the USA will let Argentina stew in it own mess as an example of a rogue state. We will postpone any further loans from IDB, WB, US IMPORT EXPORT Bank, etc and then try to deal with the next Prez. Hopefully the next one is not a hysterical, bi-polar not job who hires incompetent foolish yes men.
I really have no idea why the good old US of A would listen to this man?
This week should be interesting SCOTUS is ruling on the BRCA reserves being attachable and confiscated for payment.
I think the wineries must be screaming their heads off right about now. Brazil and China can't (or won't) pick up the slack from lost USA EU trade.
Yup, those Argtards and Malvinista's are always bleating on that Argentina doesn't need the US and EU 'cos they can always trade with China and India.
Of course, China and India have the luxury of looking around for produce, and as Argentina gets more desperate, they'll have to try and sell for less (so less profits), or not sell at all.
After all, China and India can get their produce from Chile, Peru, Uruguay, Brazil, Paraguay, African countries, the EU, the USA etc...
Yes, CFKs great stategy is to back Argentina into a corner, and hope that China is nice to them.
The RG protectionism will backfire as they don't understand global economics (or the trustworthiness that paying back borrowed money results in).
Mr Obama will not be here must longer,
So we have to advise you that you are on your own,
p/s
Have you tried china .
Regards
.
Here in Uruguay we are lumbered with the Argie crap, and CRAP it is. Why they manage to grasp defeat from the jaws of victory so much is beyond me. For just a little more effort and careful design they could make acceptable products but I suppose that would be more work than they want to do.
A classic example. A well known name supplier of mops and cleaning brushes, etc. sell their products into Uruguay and are represented by Devoto in particular. I bought a floor 'blade' (like a big wiper blade to push water away) and the matching, screw-on handle - got home, tried to use the thing a few days later only to find the the screw-on handle had a differnt size of thread to the blade! Went back to Devoto only to find that none of the handles the company had supplied fitted ANY of the heads.
But, being British, it was no doubt my fault!
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