Chile announced early this week that it would file a new lawsuit against Argentina before the World Trade Organization (WTO) for the country's use of agricultural subsidies. The pending lawsuit would further strain relations between the two southern cone neighbors, as Argentina has already has filed two lawsuits against Chile before the WTO
Argentine short fin squid (Illex argentinus) catches within the Argentine EEZ since the start of the season on February 1 are rather erratic and not very encouraging. Until last week only eight jiggers were operating in the area reports Pesca & Puertos website.
A total 50 vessels, less than 28 meters long, for the first time have been licensed to catch off the bay of Samborombón, an area the province of Buenos Aires government claims to be under its jurisdiction based on the Uruguay/Argentina River Plate maritime agreement.
From 1 to 31 January, 15,780.7 tonnes of common hake (Merluccius hubbsi) were landed, and is the lowest number registered since 2003, according to the Agriculture, Livestock, Fisheries and Food Secretariat (SAGPyA) statistics. Last year, during the same month, landings of this species totalled 21,281.3 tonnes, while the average output registered in January during the last four years was about 23,000 tonnes.
US financial and anti-money laundering regulations have increased the cost of doing business with US banks to such an extent that Latin American businesses are turning to European financial institutions, Argentina's central bank chief said yesterday.
Fiat and Tata announced in Milan, Italy the expansion of their strategic co-operation with their first industrial project outside India. Fiat will build a Tata bakkie (with Fiat badges) at its plant in Córdoba, Argentina, under an agreement that followed a feasibility study started in July 2006.
Three major cruise vessels with 10.000 tourists called in Buenos Aires over the weekend signaling a peak for the current season.
Argentina detected the presence of dangerous Asian fungi in soybean cultivations in the province of Santa Fe the second oilseed producing area of the country, reported the Agriculture Health and Quality National Service, SENASA.
Argentina has successfully emerged from one of the worst recessions in its history, and the economy has been growing at a fast pace since 2003, according to a World Trade Organization Secretariat report on the trade policies and practices of Argentina released this week.
Argentina's basic food basket consumed by the average family jumped 2.59% last January over December, which is more than double the official consumer prices index for the first month of 2007.