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Montevideo, June 26th 2022 - 16:57 UTC
Argentina’s controversial new import restrictions came into effect on Wednesday as part of the legislation on the trading sector which gives the government bureaucracy more powers to control and restrict imports. Read full article
“An iron that cost 50 pesos ($11.5) last year today sells for 120 pesos,” said Lilino. “It’s the consumer who’s paying the cost of these measures.”
O'g is business week lying too...
I wonder what RGs will do when Brazil retaliates and stops cars from being imported from them...back down as they usually do
Wheels are spinning off...what to do...what to do...PANIC I THINK
Oh it's Bloomberg, I thought it was business week period.
Now there is a fair organization (have been at war with Argentina since 2001, and are imbued by Brazilian tendenciousness, as many of their stories on Argentina are written by Brazilians and edited in Sao Paulo).
Nontheless, yes, CFK's policies are idiotic.
I think CFK should stop making economic decisions and let the people with education and brains handle the trade issues. Restricting imports is a defensive political tool to please the working people. It does not make much sense specially when they are part of mercosur. CFK's policies are non-sense....economic insanity to the Nth power!
Argentina says :
The new restrictions................
I say :
Duelling Free Trade Agreements is the least of the problems.For more significant is the question of whether any of our free trade negotiations ,be they pursuit on Free Trade Agreements or in pursuit of new global agreements under the auspices of WTO,have any relevance to the actual problems in the global economy.....!............
I say :
They should be urged the members of WTO to redouble efforts to achieve a universal,rules based,open.non discriminatory and equitable multillateral trading system and for an early balanced ,ambitious and development oriented outcome of the Doha Development Round of multilateral trade negotiations.They can be called the full realization of the commitments made in the 2005 Hong Kong Ministerial Declaration of the WTO in favour of the least developed countries.....!..............
Good to see how Argentina repays its friends for support on the Falklands. No wonder Britain considers the word of the Argentines so untrustworthy.
@ 5 : The WTO is dead. Simply an exercise in futility - currently.
Argentina should not restrict. Instead become competetive to compete on par with imported products from Brazil etc. The exception maybe Chinese products that are subsidised with low wages and a weak currency. Manufacturing in AR can be badly affected without the right equipment that is mostly imported.
I think CFK should treble the import duty on everything, treble the time taken to process the new import licences, stand firm on the 180 day payment terms they demand from LNG suppliers and nationalise the oil companies (without compensation).
That would just about finish CFK once and for all.
Its just a matter of time that Argentina will be surpassed by all means by Brazil and it will be a frustration to see argentina become an inferior country by all means...including claiming islands for 200yeasrs.. Argentina is starting to become a big joke, the main exemple of how to fall from 1St world to middle to lowclasse...while brazil is achieving the exact oposite.. ofcourse, in 20 years time, when this is reality, Kirchner will be long dead and she will have had her EVITA glamour during her 3 presidencies.. its is just to stupid for words..those ideas that come out of Argentine politics .
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