Spain lifts ban on Argentine bio-diesel; annual exports total 1.1bn dollars
Spain has taken a step back with import restrictions on Argentina’s bio-diesel applied in a reprisal move after Argentine president Cristina Fernandez decided to seize control of energy company YPF, subsidiary of Spanish Repsol, earlier this year.
According to a statement by the Argentine Foreign Ministry, Spain has now amended its bio-diesel legislation. This following a formal complaint by Argentina at the World Trade Organization last August, says the release.
“To avoid an eventual sanction by the WTO, the King of Spain has enacted a new ministerial order (…) which, among other changes, eliminates the ban on bio-diesel imports from outside the European Union”, the official document reads.
Argentina is the world’s biggest exporter of bio-diesel. In 2011, Argentina’s bio-diesel sales to Spain accounted for 20 to 30% of its total exports to the European country. That means a 1.1 billion dollar loss in earnings if Madrid persisted in “protectionist” and “discriminatory” rules.
But Buenos Aires has also been challenged for “protectionism” at the WTO by the European Union, the US and Japan, increasing trade barriers to protect Latin America’s N° 3 economy in a context of global crisis.
A recent report by Argentina’s national statistics bureau, INDEC, shows that the bio-diesel industry has produced more than 2 million tons in the third quarter of 2012, with exports reaching 79.100 tons out of the 133.000 tons produced in September this year.
However, figures also indicate a 36% annual decrease in production and an export decline of more than 50%. This, compared to the 208.434 tons produced and the 158.554 tons exported in September last year.
Meanwhile, the Foreign Ministry has also said Argentina will oversee the implementation of the new rules to guarantee Argentine bio-diesel access in the European markets. The Foreign ministry also warned that “if necessary” it will turn to the WTO Dispute Settlement Body again.
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19 comments Feed
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BRITISH Kirchner and AUSSIE sunboy - funny “conversation ” between you FAKES
LOL
@PH ALEX
“This is a win win situation for both nations, ”
You are kidding yourself. This is good for Spain - cheaper fuel.
However, while it is good for wealthy Argies, the country will grow crops for fuel, because it is profitable. That means the old trap of exporting for profit, instead of feeding your poorer classes.
Affordable food will become scarce - a world trend:
The Economist, Dec 22nd 2012 - Jan 04 2013
But since when did you care about that ?? :-(
#9 how unfortunate for you that you are neither Spanish or Argentine but still pest about how you imagine you would be if you were one. Frankly speaking no one cares nor can you even speak for them. Why don't you give us an update on the austerity in UK? Please!
As I said @7 “good deal for Spain,” if they really need the bio-fuel.
However, not sure why they would want deal with the country that shafted them. There must be other suppliers.
As to Argentina, the poor will suffer food shortages inevitably, if they are not already.
As Argentina gets more desperate, they'll not be able to resist the easy 'crops-to-cash scheme, to generate $$$ income. More and more food crops will go that way.
It is a world trend ( check latest Economist issue), and Argentina is poised to be a world leader in that practice.
But you don't care about Argentine poor, you despise them, just as you despise the Jews.
Canada, on the other hand was tolerant of you. How undeserving you are, and ungrateful.
#12 tax and quotas on export are really the tool to stop the outflow of resources, and it has since the farmer are the only ones on strikes do to the export tax, the rest of us Argentine love the export tax and CFK because CFK is the best president Argentina had in 40 years. Why can't you clowns fix the austerity in UK rather then waste time trashing Argentina. Or better yet stop murdering Muslim women and children for oil instead of trying to tell Argentina what to do with the economy. So before you too baboons say anything about CFK or Argentina check out the austerity index and the Muslim children murder count by UK and USA. And repeat to yourself taxes and quotas for export with fines and policy are exellent for Argentina.
Funny you homos are still stalking and fuming about alex he must have done a good job at slapping you too baboons around, Mr. Alex asked me to tell you too clowns to go meet him one at a time and to bring a plastic bag to collect your teeth after he done, he says you too know very well what he means. I live in America Canada and USA borders and lines is for the white man from aurope not us True Americans.
We simply facilitate a small part of this.
Understand?
“I live in America Canada and USA borders and lines is for the white man from aurope not us True Americans.”
You live in a fantasy, Alex.
You know you cannot travel anywhere for fear you might be turned back at the US border because of your record, or you may not be able to return to Canada.
As to your teeth comment - are you threatening people on this forum with violence?
Was Christmas a happy time for you? Did you make those cute Christmas cards again, and coo little love songs to Christu, your pet pigeon? You named him after Christ didn't you?
Think of that while you dream of mass murdering the Falklands women and children, British friends of your Canadian hosts that gave your family a home.
As for you being an AmerIndian, your goddess CFK, “Medusa without the Curlers”, is allowing your people to starve to death or suffer with Dengue Fever, right around Salta!!
I would say, Happy New Year, but you will only stew and make it miserable for yourself.
:-D
As for your people........you seem to suffer from sever dilusions of grandeur.
*You have no pulse of the people as you do not live there anymore, but you live in a far better place.
*Argentina is a cesspool that has not been flushed
*Asslips kirchner is a criminal that has raped and pillaged her people
And there you go again with the homo lines. For a self admitted bi sexual, is a homosexual a deviant to you that you like trying that line as an insult?
There is no such place as Americaa Canada, like there is no place as Las Malvinas. There is a place Canada on the continent North America. You speak so porrly and ridiculously the MP should ban you foir being a moron. You white man brown man take takes you lower than you are. It's no longer a rage to place a race cards, that's so 80's you bimbo. But like I said North America is the place to be.....even as a hiding illegal immigrant.
Happy New Year!
Hanging out in Sacramento today - had an awesome time in Napa and SF.
Everyone was really friendly - a truly enjoyable trip in the US of America!
Uh oh. I'd better not say more. Some “Americans” cannot travel to the US of America, and may get jealous and frustrated. Right, Alex?? :-D
@16
“And there you go again with the homo lines. For a self admitted bi sexual, is a homosexual a deviant to you that you like trying that line as an insult?”
PH ALEX VARGAS really blew it that time, LOL
If you remember, he started by slagging HOMOsexuals and making homophobia remarks.
Then, he stated that certain “Brits” were HOMOsexuals whilst he was proudly BI-sexual.
After we had a good laugh, at his expense, he tried to say that he was NOT BI-sexual, but what he didn't mention was, that he had not understood what a BI -sexual was - ignorant dolt.
He's between a rock and a hard place now:
He either has to admit what we all know - he was too stoopid to know what a BI-sexual was, or
He has to maintain that he knew what he was talking about - he IS a BI-sexual like he said earlier!!
Too funny, PH-ALEX!!
How embarrassing for you - a lose-lose situation, like Spain and the Bio-diesel.
Get ready for Maximo, he has a 'sausage' for you!
:-D
UK Austerity measures is surely showing the cracks on the wall, here is some news for you tarts, right after the austerity measures in UK end up digging the UK financial grave they will be buying Argentine bio-diesel as well, just like the USA had to get used to smaller engines or loose GM, Ford and Christler, One way or another the message will hit home.
axisoflogic.com/artman/publish/Article_64333.shtml
So what is it, Mr “I'm BI-sexual”??
Are you BI-sexual or did you not know what you were talking about?
LOL, we're waiting...
No answer? We have to assume you are, then.
:-D
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