Korean Hyundai to ensure local market agrees to export Argentine bio-diesel and soy flour

Tuesday, June 14th 2011 - 22:31 UTC

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Korea’s Hyundai reached an agreement with the Argentine government by which it will compensate its 91 million US dollars surplus on sales to the local domestic market by promoting exports of peanuts, wine, bio-diesel and soy flour to the tune of 157 million US dollars. Read full article

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xbarilox
Korea’s Hyundai reached an agreement with the Argentine government by which it will compensate its 91 million US dollars surplus on sales to the local domestic market by promoting exports of peanuts, wine, bio-diesel and soy flour to the tune of 157 million US dollars“

Y pensar que la mongui dijo que era un ”yuyito”. Mirá qué bueno es el yuyito!
Jun 14th, 2011 - 10:44 pm - Link - Report abuse 0
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GeoffWard
This appears to be the 'La La Land' of international trade !

South Korean Car company, Hyundai, engages third party Japanese company, Sojitz Corporation, to export Argentinean food products to Vietnam etc. so Hyundais can be imported into Argentina - in an asymmetric deal whereby Hyundai pays for the 'privilage' out of its potential profits.

Self-evidently unsustainable.

Must be a one-off, discounted deal, to be replaced with real economics rather than 'La La Economics' once the Argentinean election are over.

Or is there money to be made by everybody - and if so, who is paying for this (Ponzi?) merry-go-round?
Jun 15th, 2011 - 11:51 am - Link - Report abuse 0
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