Tag: Argentine Industrial Union, UIAArgentine Industrial Union, UIA
The head of the Argentina's powerful manufacturing lobby, UIA, Hector Mendez fired harsh words against Economy Minister Axel Kicillof stressing “his post is still too big for him”, but admitted he 'has advanced' in the last twelve months.
Mercosur leaders called for dialogue with the Pacific Alliance over its perception that Mercosur is becoming an obstacle to integration and wider growth in the region. Uruguayan Vice-President Danilo Astori seemingly sparked the debate a few weeks ago when he said that “Mercosur mustn’t be a terminal station,” calling for formal trade deals with the Pacific Alliance.
According to the Argentine Industrial Union (UIA), industrial production in the country fell 3.4% in April compared to the same month of 2013. Considering the first four months of 2014, the industry dropped 2.2% versus the same period last year.
President Cristina Fernández de Kirchner ratified on Wednesday that Argentina will continue to pay all its financial obligations and described as “absolutely unfair” the ruling from Judge Thomas Griesa who favoured the hedge funds to the detriment of 93% of bondholders who joined the 2005 and 2010 debt swaps.
Brazilian Executive special advisor on International Affairs, Marco Aurelio Garcia anticipated that at the coming summit in Lima, the Union of South American Nations, Unasur, would not lift the suspension on Paraguay which will hold until April’s election.