Argentina’s imports growth outpacing exports by two to one

Tuesday, March 1st 2011 - 06:40 UTC

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Argentina’s January trade surplus in January confirmed the shrinking tendency increasingly present all along 2010 as imports’ growth outpaced exports by two to one. Read full article

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GeoffWard
A GDP increase can be reversed into national bankrupcy if it is accomanied by high inflation and a vast excess of import over export. It would seem that the trend in Argentina in beef production and export is mirrored elsewhere in the economy, and this does not bode well.

Also, some of the percentages coming out of the Government Press Office take some believing.

Mercosur is a SA saviour if it frees up and stimulates trade between participating countries, but the recent spats between Brasil and Argentina over trans-shipped products show it will be a rocky road.

Equally, if Argentina makes unilateral trade arrangement with the EU which disadvantage other Mercosur members, this may further undermine both the organisation and also Argentina's claim to be a leading member of this trading bloc.
Mar 02nd, 2011 - 10:54 am - Link - Report abuse 0
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