Argentina challenges the US in trade and reaffirms current economic policies
The administration of President Cristina Fernandez again challenged the United States on the “trade restrictions in place against Argentine products” which it claims are part of “a protectionist policy inconsistent with from the World Trade Organization”.
The statement belongs to a Thursday release from the Foreign Affairs ministry in reply to what it described as the “US surprise reaction’ to Argentina’s decision to take its case involving the US ban on meats and lemons before the WTO as a formal complaint.
After almost a decade of trying that the US completes the necessary phytosanitary tests so that Argentine produce can access that market, “it is evident that the impediments imposed on Argentine goods are part of a US protectionist policy inconsistent with the rules of WTO”.
“The United States puts aside around 120 billion dollars per year toward subsidies in the agriculture sector. This transfer of resources impedes the development of a more balanced and fair global trade”, said the release.
Argentina argued that WTO stats show that the US is the target of one out of four controversies regarding trade barriers put forward by WTO members to the organization’s Dispute Settlements System.
Finally the release from the ministry under Hector Timerman underlines that Argentina reiterates its determination to continue with its development and job creating policies.