EU/Mercosur trade negotiations limited by reciprocal claims of protectionism

Wednesday, May 4th 2011 - 17:01 UTC

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The European Union/Mercosur trade talks taking place in Paraguay are attempting to advance with a ‘verbal exchange of proposals’ while negotiators continue ahead with technical aspects of a future agreement, according to Argentine sources. Read full article

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GeoffWard
“Argentina has since begun to demand a ‘dollar for dollar’ import-export policy *from different industries*.
The first to accept these rules has been the auto industry . . . .
A second industry which has been ‘invited’ to follow this policy has been pharmaceuticals.”
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I have a bemused smile imagining Volkswagon (Germany) in a dollar for dollar like-import-export deal where they have to accept Volkswagons made in Argentina as the quid pro quo!

And Beechams Pharmaceutical having to accept, dollar-for-dollar, Argentinian paracetamol tablets to balance Beecham’s paracetamol tablets travelling in the opposite direction!

Or perhaps Volkswagon will accept paracetamol tablets, and Beechams will accept Volkswagons. This could get quite convoluted, with car company’s warehouses full of condoms, and pharm. company’s car parks clogged with unregistered vehicles (at least the steering wheel will be on the correct side; pity the poor Brits!).

Surely trade is between companies, not nations. Have I missed something important?
May 04th, 2011 - 07:42 pm - Link - Report abuse 0
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