MercoPress. South Atlantic News Agency
Mrs. Kirchner leaves China with no announcement on the soy-oil embargo dispute
Talks between China, the world's biggest user of cooking oils, and Argentina regarding Beijing’s ban on imports of soybean oil from Argentina are on course although the country is moving to alternative markets said President Cristina Fernandez de Kirchner. Read full article
Comments
Disclaimer & comment ruleslook's like the weddings off
Jul 17th, 2010 - 07:10 am - Link - Report abuse 0Que lastima...
Jul 17th, 2010 - 12:35 pm - Link - Report abuse 0I could not have said it better myself, Trade is not conducted this way, is it ? the soy-oil embargo dispute is mitigating itself into a political bunker. An economic model that prospers, is one that has a clear mission, and is hable to change the objectives without compromising the mission. Last time I checked India is still a stone throw from China, for Argentina this might mean a closer port for soy. India with 1,183,300,000 civilians to feed should take notice of a possible strategic alliance in Latin Amercia, and jump on the vanwagon to an economic political play.. The law of demad and supply doing all the work for everyone a sense of fair trade, India here we come!
Jul 17th, 2010 - 06:27 pm - Link - Report abuse 0http://en.wikipedia.org/wiki/World_population
The wedding is off but some-one still got screwed..
Jul 17th, 2010 - 11:32 pm - Link - Report abuse 0However it seems that the trip was nothing to do with soy-oil...Timmermann in today's BA Herald “their main goal during the visit was ”not to discuss the soy bean oil issue”.... so everything is OK.
How come they weren't selling into India already? Sounds like an 'egg and basket' issue here....
as i said before in my comments, you don’t do this to china, only china says what it will do and when, you must not assume, she looks nixed of, and what a slap in the face, Argentina will soon learn very quickly that you have to moderate to get things, and that includes moderating there attitude to the Falklands, one day they will learn.
Jul 18th, 2010 - 12:41 am - Link - Report abuse 0argas, so you believe in supply and demand only when it is Argentina's products going to the exterior market or when it suits you? Your gov't certainly doesn't believe in it for its own sake. With so many price controls and subsidies your internal market is so distorted that once the gov't runs out of money you are in for a wild run of prices fluctuations. I wonder what gas/electricity/food/commute will really cost when that happens?
Jul 18th, 2010 - 01:57 pm - Link - Report abuse 0If you are refering to the antydumping laws used to protect local market from unfair trade, I support them, all trades must benefit both, buyer and seller, USA had a great idea by inforcing those laws on everyone else, they paved the way for all to learn how to deal with bullys, it's even a good exercise for nations to learn how to be more democratic.
Jul 18th, 2010 - 02:57 pm - Link - Report abuse 0http://www.international-economy.com/TIE_Sp07_Layton.pdf
Anyway, good idea to get rid of cooking oils. Bad for your arteries.
Jul 18th, 2010 - 03:34 pm - Link - Report abuse 0Umm no I am referring to the price controls your government has on almost every consumer good, natural gas, electricity, phone, bus/subway etc.
Jul 18th, 2010 - 04:08 pm - Link - Report abuse 0Anti-dumping is one thing and the Economy minister meeting with business owners with a gun on his desk is quite another.
as china said to us, [we had to get rid of her]
Jul 19th, 2010 - 09:14 pm - Link - Report abuse 0she was giving us a headache, bring back maggie
With no sign of China re-opening its soy oil markets (and with indications that this could be the result of import substitution policies to develop their own processing facilities as much as commercial differences with Argentina), India is looking confidently ahead to becoming Argentina’s top importer in this area.
Jul 20th, 2010 - 11:14 pm - Link - Report abuse 0If India imported soy oil to the tune of 606 million dollars last year, Indian Ambassador R. Viswanathan told the Herald, this figure was already comfortably exceeded in the first five months of this year at 770 million tons with perhaps a million more tons to follow in the rest of 2010.
Soy is far from being the full story for Indian edible oil imports — these have increased to 8.18 million tons (worth over four billion dollars) in 2008-9 from 2.62 million tons in 1998-99.
During her visit CFK appealed to China to “unsoy” the relationship — as the chemicals mission demonstrates, India is acting on that advice on top of replacing China as Argentina’s main soy oil client.
http://www.buenosairesherald.com/BreakingNews/View/39725
For the time being, Argentine exports are faring well.
Its soy oil producers have found new customers in India, Bangladesh and Peru and are enjoying a bumper harvest. Argentine exporters of grains, cars and consumer goods also are finding plenty of customers, especially in Brazil.
Enrique Mantilla of the Argentine Chamber of Exporters told Reuters that Argentina’s exports were set to increase 17 per cent this year from a year ago.
He said it would take a long time for Europe’s complaints to work through WTO mediation, and described the chance that other countries would retaliate, as China did, as slight.
“(Exporters) are mostly preoccupied with the facts. Today it is a problem of imports, not exports,” he said of the Argentine border measures.
Argentine Economy Minister Amado Boudou has defended his government’s trade measures as helping “to preserve the quality of life among Argentines” and said: “Europe has farm subsidies, a
It will not be long before other “customers” learn about Argentina's corrupt trading practices as determined by “Kickback” Kirchner. Europe's complaints will be widely publicised. The world will not have to wait for the WTO.
Jul 21st, 2010 - 11:31 am - Link - Report abuse 0Commenting for this story is now closed.
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