Argentina conditions luxury car imports to deals with Mercosur auto-parts industry

Monday, February 7th 2011 - 20:41 UTC

Full article 8 comments

Argentina has stopped the import of high-class luxury cars and redoubled efforts to convince companies with no assembly plants in Mercosur to reduce imports and reach export agreements with Argentine auto parts industry. Read full article

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I
great move by Cristina, I could not have come up with something as good as this, for the economy it's a check mate move, I am still thinking that she could hurry things up if the companies faced a fine or a tax on inported finished goods as well as a high tax on exported raw materials. The Argentine governmant job is to make sure that capital flows uninterrupted and that the banks never withhold cash saved by the public, in other words never let IMF or anyone collect money before the public who saved it.
Feb 07th, 2011 - 09:40 pm - Link - Report abuse 0
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WestisBest
Wow...'made in Argentina'....that'll be soooo tempting for BMW, Audi, Mercedes Benz, Kia, Chrysler, Mitsubishi, Lexus, Subaru, Volvo, Jaguar, Porsche and Alfa Romeo

@I(mbecile)

lets examine these statements of yours:

“I could not have come up with something as good as this, for the economy it's a check mate move”

“I am still thinking that she could hurry things up if the companies faced a fine or a tax on inported finished goods as well as a high tax on exported raw materials”

Can you not spot the incredible imbecility of these statements? Fool.
Feb 08th, 2011 - 01:00 am - Link - Report abuse 0
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Forgetit87
The other user was gratuitously attacked by this WestisBest for simply stating his opinions on his own country's economic policies. Let's how good Mercopress is in supressing unproductive comments with “rude or foul language” by British users.

“Can you not spot the incredible imbecility of these statements? Fool.”

I know that wasn't directed at me, but I can't spot anything wrong either. This move by Argentina is no different from China's stance toward foreign aircraft manufacturers. What Argentina is doing is neither imbecilic nor very uncommon.
Feb 08th, 2011 - 02:59 am - Link - Report abuse 0
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I
#3 I was hoping for something like this to happen almost a daily wish and here it is, a fee on foreign exchange will go a long way to cut off the flee of capital, even a healthy manipulation of the currency could help, to counter act what the USA and China are doing.
I don't think we should all go into anarchy but we have to have the same rules or no rules at all, this limits on import will boost national production.
Feb 08th, 2011 - 07:22 am - Link - Report abuse 0
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Martin_Fierro
Well, if any of these brands want to have a say they should consider opening manufacturing plants in Argentina.
Feb 08th, 2011 - 08:50 am - Link - Report abuse 0
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Forgetit87
@I

I think Argentina already manipulates its currency by means of capital controls. It seems to me Argentina is one of the few emerging countries not to have suffered with liquidity in capital markets. If I'm not mistaken, the Argentine peso's exchange rate to the dollar went up from 3 to 3.9 during the 2008 crisis and has remained at the same level since then due to extensive government interference.
Feb 08th, 2011 - 09:12 am - Link - Report abuse 0
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NicoDin
@ Forgetit87

Dollar Banco Nación USD 1 =3.995 (buying) 4.035 (Selling).
Feb 08th, 2011 - 09:56 am - Link - Report abuse 0
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I
#5 either that or they should start packing, I still think that Argentina need to tax imported finished goods and exported raw materials, there should aslo be a fee on foreign exchange.
#6 they all do It, I just think it should be open and legal to do so.
Feb 08th, 2011 - 11:14 pm - Link - Report abuse 0
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