Argentina

Argentina
Friday, June 3rd 2016 - 19:40 UTC

Argentine hopes dashed on Falklands, Antarctica: Continental Shelf Commission refused to consider three major claims

The Commission is composed of 21 scientists and its Rules of Procedure forbid consideration of “unresolved land or maritime disputes”.

In April 2009, Argentina submitted a formal claim to sovereignty over an exceptionally large continental shelf, across hundreds of miles of the sea-bed to the east and south of Argentina. This year, in March, newspapers around the world incorrectly reported the whole Argentine submission had been endorsed.

Friday, June 3rd 2016 - 19:34 UTC

Delimitation of the Argentine continental shelf

Comparison of the Argentine submission with the area approved by CLCS

By Professor Peter Willetts, South Atlantic Council (*) - The Argentine Foreign Ministry announced on 28 March 2016 that it had gained international recognition of a claim to an exceptionally large continental shelf. But they were mistaken. Argentina had made a submission to the Commission on the Limits of the Continental Shelf (CLCS) on 21 April 2009 to claim sovereignty rights over the resources of the sea-bed.

Thursday, June 2nd 2016 - 14:09 UTC

Monsanto and Argentina closer to an agreement on exports inspections dispute

Monsanto and Argentina have been at loggerheads over the company's request that Argentine exporters inspect soybean shipments to ensure growers pay royalties.

Monsanto Co., eager to get royalties from growers in Argentina on genetically modified soybeans, said on Wednesday it was still trying to resolve a dispute with the government over inspections, while an agricultural ministry source said a deal may be reached in the coming days.

Thursday, June 2nd 2016 - 09:20 UTC

Argentina describes Falklands' governor speech on links as 'positive', but they must be bilateral through UK

Malcorra affirmed she was aware that the Falklands' governor had said the Islands were hopeful of a chance for a productive relationship with Argentina

Argentina believes there is an opportunity to improve the relation with the Falkland Islanders, and 'we are exploring available options', but those links must be channeled through bilateral relations with the United Kingdom, since the Islands dispute is with the UK.

Thursday, June 2nd 2016 - 09:03 UTC

Argentina's industrial production down 6.7% year on year in April

It was the first industrial output data released since Macri took office. Macri shut down the publishing of economic data while revamping the country's stats agency

Argentina's industrial output contracted 6.7% in April compared with the same month last year, the country's newly revamped Indec statistics agency said, punctuating the effect of recent fiscal austerity measures.

Tuesday, May 31st 2016 - 19:25 UTC

Falklands state of the nation: economic challenges but also hopes of a productive relationship with Argentina

Governor Colin Roberts CVO addresses the Legislative Assembly with the annual report on the state of the nation

The Falkland Islands finances remain robust despite a future of domestic and overseas challenges, but on the other hand recent developments in Argentina have opened hopes for a productive, closer relationship with the South American continent, said Governor Colin Roberts in his annual speech on the state of the nation.

Tuesday, May 31st 2016 - 18:47 UTC

Argentina’s Eternal Debt Problem

Argentina’s absence from international capital markets began in 2001, when a deep economic crisis brought about the end of the decade-old Convertibility Plan

By Carmen Reinhart (*) Argentina recently emerged from nearly 15 years of the most litigious sovereign default in modern times, if not ever. Now it has the opportunity to reenter the global financial system and build a more stable and prosperous future. It is a chance that the country must be careful not to squander.

Tuesday, May 31st 2016 - 18:11 UTC

Argentina and China address fishing vessels poaching in the South Atlantic

In mid-March the sinking of the Chinese vessel Lu Yan Yuan 010 when fishing in Argentina's EEZ triggered a surge in diplomatic discussions.

The Argentine news agency Pescare reports that the repeated illegal incursion of Asian vessels in Argentina's Exclusive Economic Zone prompted the issue to be addressed during the recent meeting of the bilateral Argentina/China Subcommittee on Fisheries.

Tuesday, May 31st 2016 - 07:36 UTC

Poor squid season hits Argentina's seafood exports in first quarter

Squid not only had a bad season, but sales dropped 47.4% over the same period the previous year. However the improved price 29%, meant revenue fell by 32.2%.

Argentina's Under Secretariat of Fisheries reported that landings between January first and 30 April plummeted19.3% but exports in the first quarter achieved significant growth in foreign currency: 16.2%, with a slight increase in volume 1.7%. The poor landings are attributed to a “terrible” squid season, while the jump in export value was supported by extraordinary sales of shrimp.

Tuesday, May 31st 2016 - 07:30 UTC

Macri pledges to repatriate overseas savings in Bahamas and buy Argentine bonds

Macri said money was transferred to Bahamas after Swiss bank Julius Baer Group bought Merrill Lynch overseas wealth management unit from Bank of America.

President Mauricio Macri said Monday that he will repatriate $1.3 million in savings from the Bahamas and use the money to buy Argentine treasury bonds because he is confident the struggling economy will recover and thrive.

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