Tag: José Ignacio de MendigurenJosé Ignacio de Mendiguren
Trade with China for Argentina has great opportunities but also great threats because the Asian giant is only interested in produce with no added value, warned the head of Argentina’s Industrial Union, Ignacio De Mendiguren.
Argentine Industrial Union head José Ignacio de Mendiguren says he wholeheartedly agrees with President Cristina Fernández criticism to those who back a devaluation of the Peso, in an interview with Ambito.com.
The head of the Argentine Industrial Union, José Ignacio de Mendiguren, admitted that it's clear that the activity level has dropped, and warned that the construction-related sectors delay the new projects.
Argentine manufacturers have requested the administration of President Cristina Fernandez to delay the implementation of the new imports scheme which is scheduled to begin next February first fearing it could cause delays in the supply of non local inputs.
Argentine president Cristina Fernandez received strong support from the industrial sector for her latest policy of eliminating subsidies which are widely extended in the economy, but manufacturers also called for prudence and gradualism.
Over 80% of the Argentine electorate ratified on Sunday the current economic course, ‘which we must all support’ said the president of the powerful Argentine Industrial Union, Jose Ignacio de Mendiguren, who nevertheless called for a greater effort in “systemic competitiveness”.
The head of the Argentine Industrial Union (UIA), José Ignacio de Mendiguren, warned on Wednesday that Argentina “is starting to be affected” by the global financial crisis, furthering that the country “is not protected” against the situation.
Argentina’s powerful industries union, UIA, called on Friday for dialogue and ‘national unit’ in order ‘to bring together a project of development’, and forecasted that if this is achieved the country could triple its GDP in the next twelve years.
Following on the steps of her Brazilian peer who this week unveiled an ambitious plan to prop industry, Argentine President Cristina Fernandez de Kirchner met with the country’s leading business and corporate representatives and promised her government would take all the necessary measures to defend the market from the massive influx of outer region imported goods.
Economic activity in Argentina expanded 7.8% in March compared to the same month a year ago and 0.5% over February, according to the provisional percentages from the government’s National Statistics Institute, INE.