Argentina confident soy-oil dispute with China will be solved “in the short term”

Thursday, July 15th 2010 - 06:35 UTC

Full article 5 comments

Argentine Ambassador to China, César Mayoral announced in Beijing that the soybean oil conflict with Beijing that has been ongoing since the beginning of the year “will be solved in the short term.” Read full article

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harrier61
So the Argentines are going to tell the world that the problem can't be solved, are they? Not.
Chinese action was based, as the article says, on Argentine restrictions on Chinese products. And Argentina has just lumped 38% ant-dumping duty on Brazilian gas compressors.

The fact is that Argentina is performing a balancing act because it has to have positive performance with its budget and a positive trade balance. It can't keep it up for long without annoying its trade partners, like China, Brazil and the EU. Sooner or later it will slip. The question then is: does it do a headfirst dive into the ground or does it land astride the wire. Neither will be painless.
Jul 15th, 2010 - 09:01 am - Link - Report abuse 0
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JWalker
“Contracts totalling 10 billion US dollars were announced most of which could be financed by China”

Does China not know Argentina has a quite recent record of not paying back its creditors? And Argentina today also has the second highest inflation rate in South America. Uh oh!
Jul 15th, 2010 - 10:04 am - Link - Report abuse 0
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jerry
If I remember correctly, 2 or 3 years ago, after a visit to Argentina by Chinese officials, CK announced that China would be providing 20 billion dollars for business in Argentina. Everyone is still waiting for the first dollar to arrive. Announcements with no further action is typical of the K´s.
Jul 15th, 2010 - 02:34 pm - Link - Report abuse 0
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harrier61
No solution, then.
Jul 17th, 2010 - 09:25 am - Link - Report abuse 0
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petmar
Again barter in Argentina.Economic crisis or efficient alternative?
This is the reality Argentina Economy 2010, that the press in Argentina do not show
A proyect structure is based on a barter shop online.
is a true that project is working very well.2 months on the market and is a success.Thousands of Argentines are already exchanging all.This is the reality that the press in Argentina do not show.
is in test version, working on redesigning
www.google.com.ar search thetrueke.com.
site is www.thetrueke.com
Jul 21st, 2010 - 03:56 am - Link - Report abuse 0
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