MercoPress. South Atlantic News Agency
Argentina will defend domestic market from flood of “Asian textile imports”
Argentina will reinforce the defence of its domestic market from ‘the danger of an invasion of Asian countries’ imports, as a consequence of the world crisis, promised this week Industry Minister Debora Giorgi. Read full article
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Disclaimer & comment rulesFor the Argentine clothing sector:
Sep 17th, 2011 - 05:30 pm - Link - Report abuse 0“1. 116 non-automatic import licences’,
2. 9 anti-dumping investigations,
3. import substitution process with eg. Lacoste and Nike manufacturing in Argentina. ”
Big-name, mostly USA labels, produced in China, being switched to production in Argentina:
Good, but higher costs=lower profits, and where does the profit stay? In Argentina?
Non-automatic licences:
Inbuilt delays of 60+ days in processing port-of-entry import (like the Argentina-Brasil battle), with all the 'deals' done along the way.
What counter-action will China impose? Cut the Argie Soy deal and expand with Brasil?
Anti-dumping investigations:
Good. But why so long and why no World Trade sanctions against China? Not politically astute to pull the tail of the tiger?
Perhaps Unasur can create a South American trading position?
Power through association;
individually, S.A. nations will get eaten alive.
1.5 billion dollar subsidies to an inefficient textiles market when the price of clothes here is already ridiculous, people pay overinflated prices as it is, it's just a pair of f^%*ing jeans and tennis shoes and the average person would have to work a sh%$$#@ of hours just to buy them. Argentine trade policies/attitudes are bizarre. I guess they don't believe in the idea of comparative advantage.
Sep 18th, 2011 - 08:13 pm - Link - Report abuse 0Commenting for this story is now closed.
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