Argentine hopes dashed on Falklands, Antarctica: Continental Shelf Commission refused to consider three major claims
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.
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.
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.
Argentina describes Falklands' governor speech on links as 'positive', but they must be bilateral through UK
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.
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.
Falklands state of the nation: economic challenges but also hopes of a productive relationship with Argentina
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.
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.
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.
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.
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.