Uruguay has expressed an interest in actively participating in negotiations to liberalize trade in services in the framework of TISA, Trade in Services Agreement which recently held its seventh round of talks in Geneva.
Argentina has filed a complaint with the World Trade Organization against the European Union’s decision to impose anti-dumping duties on its biodiesel exports. The duties are “clearly protectionist” and will affect annual sales worth more than 1.5 billion, Argentina’s Foreign Ministry said on Thursday on its website.
A week of trade talks in Brussels have taken the European Union and the United States a little closer to a deal to liberalize bilateral trade. EU officials say the trade relationship with the US is already the biggest in the world, worth more than 2bn Euros a day, but barriers remain, and removing them could make it even bigger. If it happens, the agreement would be huge, capable of changing the shape of global trade.
Paraguayan president Horacio Cartes vetoed the bill imposing a 10% tax on export of cereals and oilseeds in their natural state recently approved by a divided Congress, arguing it was “highly distortive and regressive”. The bill now returns to the legislative.
One of the main features emerging with the current international economic situation is mega-regional negotiations linking the main world production networks: Europe, North America and Asia and sometimes skirting WTO, according to the latest report on the Latinamerican and Caribbean economy from Eclac (UN Economic commission for Latam and the Caribbean).
WTO Director General Pascal Lamy warned that 2013 could turn out even weaker than expected, especially because of risks from the Euro crisis as countries might try to restrict trade further in a desperate attempt to shore up domestic growth.
President Cristina Fernandez thanked Indonesia for the “permanent support” extended to Argentina in the “Malvinas cause” and reiterated that Argentina is only asking for the UK to respect and abide the United Nations resolution, but at the same time attacked multilateral organizations such as the UN and WTO for “favouring the great powers”.
The world’s top beef exporter, Brazil, will give countries that curbed imports of its beef after a case of mad cow disease until March to drop the measures or it will file a complaint at the World Trade Organization, farm ministry officials said.
The European Union Trade Commissioner openly accused “Argentina’s behaviour” as the main obstacle in discussions to advance and reach a free trade agreement with Mercosur.
The European Union, the US and Japan have jointly asked the World Trade Organization to rule in a protracted trade dispute with Argentina. They criticize what they believe are unfair import restrictions and protectionism.