MercoPress. South Atlantic News Agency
Argentina urges industry and business to cut imports from the UK
The Buenos Aires media, basically the ambito.com site reports that Argentine industry and business leaders were contacted by the Ministry of Industry which tried to persuade them from buying British supplies. Read full article
Comments
Disclaimer & comment rulesBeat me :-)
Feb 29th, 2012 - 01:31 am - Link - Report abuse 0http://falklandsnews.wordpress.com/2012/02/29/argentina-seeks-to-ban-british-imports/
Protectionism, great.
Feb 29th, 2012 - 02:03 am - Link - Report abuse 0I look forward to the WTO, World Bank, IMF and EU sanctions.
Excelent !
Feb 29th, 2012 - 02:10 am - Link - Report abuse 0About time!
Feb 29th, 2012 - 02:18 am - Link - Report abuse 0That needs to include all Commonwealth countries and the EU as they recognise the Falklands as being British!
Feb 29th, 2012 - 02:19 am - Link - Report abuse 0As everyone here in Buenos Aires already knows, We've banned all imports anyway including from our mercorsur partners.
Excellent Argentina has declared a trade war this gives UK legal grounds to stop Argentine imports to our country. Free trade agreements go both ways UK allows Argentine companies/farmers to export here under the condition that UK companies can trade in Argentina. If Argentina won't take our exports we won't take there's. Cameron should start by barring all Corned beef originating in Argentina. For food Uk needs to import we should be looking more to our friends such as New zealand and Canada anyway. The free tradec agreements has sadly meant UK allows sub standard Argentine food to be sold here when we are in a position to demand the best. Uk may not welcome a trade war but it will win it.
Feb 29th, 2012 - 02:35 am - Link - Report abuse 0As long as no law or decree is made, this are just words which are up to the businessman to follow or not. International organizations can't act upon word of a government when it's just that words. It's not like she decided to cut imports from UK.
Feb 29th, 2012 - 02:43 am - Link - Report abuse 0As statistics show, the trade surplus in our favor is becoming smaller by the year, so in a sense this makes sense.
Into the valley of death rode the RG's,
Feb 29th, 2012 - 02:45 am - Link - Report abuse 0WTO to the right of them
EU to the left of them
UK in front of them
Chin up!!!!
6 Charle “Cameron should start by barring all Corned beef originating in Argentina”
Feb 29th, 2012 - 03:18 am - Link - Report abuse 0Do you eat that? We don't even that, I least I don't.
Don't worry China's appetite will take care of that.
I live in China and generally the Chinese DO NOT eat from tins! So youll have to find someone else!
Feb 29th, 2012 - 03:42 am - Link - Report abuse 0You could use them as substute torpedoes or bombs for your military!
Very good! We all know that british love money more than their own mothers.
Feb 29th, 2012 - 04:52 am - Link - Report abuse 0JORGE you, like Marco, really dont see the bigger picture do you!
Feb 29th, 2012 - 05:18 am - Link - Report abuse 0If RG companies agree, then all you do is cause more problems for your companies both in terms of time and expense and UK's too! And all in the name of giving Frau kristina and the rest of her reich some face!
This is not best practise! then again based on the cruise ship fiasco, your gov. dont practise best practise at all!
talking of cruise ship fiasco - keeps me smiling!
I'd wager a group of chimps could run a more disciplined society than your gov can!
It appears as if CFK is playing around in one of her Casinos again, she has the “Poker” face but does she have the cards to match? A bluff could be quite expensive ...........
Feb 29th, 2012 - 05:24 am - Link - Report abuse 0TWIMC
Feb 29th, 2012 - 05:26 am - Link - Report abuse 0“It is fundamental for Argentina to determine its strategic trade partners, and at the same time, send a clear signal to those who are still using colonialism as a way of gaining access to other people’s natural resources,”
Just a gentle economical reminder to the City……
Argentina needs 5 things now…….
1) A RKH’s CPR stating SL reserves to be under the “magical” 400 mbbls.
2) A BOR duster.
3) Another BOR duster.
4) A FOGL duster.
5) Another FOGL duster.
All coming during the next few months……
Keeping my fingers crossed….
LOL at the idiot that thinks Argentina exports (or mainly exports) in tins.
Feb 29th, 2012 - 05:45 am - Link - Report abuse 0Made me laugh my arse off.
Tins.....
Pffftt.
more like chilled or frozen meat exports
Ok so i stand corrected (at least i have the grace to admit when i am wrong), but then again i didnt look it up!
Feb 29th, 2012 - 05:54 am - Link - Report abuse 0However, you could still use the frozen meats in the same capacity.
Think - For the record i expect the CPR to state in ths region of 300-350 mmbbls. However a farm -in oil.co will have used the data to make their own mind up and long term recoverables tend to be about 50% abover cpr :-) Good for the divi hunter.
Feb 29th, 2012 - 06:39 am - Link - Report abuse 0So Brazil wants a free.trade agreement with the EU? Hmmmm looks like Argentina is not working with their neigbours for the good of their own economythey
#14 - Wishful Thinking I see :-)
Feb 29th, 2012 - 06:45 am - Link - Report abuse 0Isn't the share price doing well ? Mr. Beef must be smiling all the way to the Bank.
The chickens are coming home to roost:
Feb 29th, 2012 - 06:49 am - Link - Report abuse 0http://www.telegraph.co.uk/news/worldnews/southamerica/argentina/9111201/Hit-Argentina-where-it-hurts-in-the-wallet.html
Lord - news on farm in is likley to come first and the company involved will make it's own calculations on recoverables. CPR is a regulatory requirement. Think is trying to look clever with regards to a cpr below 400mmbbls but forgets to say that previous cprs where at 150mmbbls, 240mmbbls and then a downgrade (not cpr) to 170mmbbls. I hope cpr does come in at 300mmbbls recoverable as it would be a 100% increase on pre -drill and really end up kn the region of 450mmbbls.
Feb 29th, 2012 - 06:57 am - Link - Report abuse 0A lot of top-ups from 170-225 are making me a happy investor in RKH.
I think this is excellent news.
Feb 29th, 2012 - 07:25 am - Link - Report abuse 0This gives the UK even more options to block Argentine trade should it wish to do so. EU sanctions anyone?
Argentina it really seems has no idea how to play the political and economical game at global level.
This is for MoreCrap and Marv :-)
Feb 29th, 2012 - 07:32 am - Link - Report abuse 0“ But the biggest surprise in the Goldman Sachs assessment is that Britain, currently the third largest economy in Europe and sixth in the world, is on course to eclipse Germany and France to become Europe’s largest economy within four decades. According to Goldman Sachs, Britain’s working population is on course to outstrip that in Germany and France by 2050. As Ruth Lea, Economic Advisor to the Arbuthnot Banking Group, observes, “Given Europe’s demographic trends, this is not unfeasible”. She also tellingly notes that, on both counts, “European economies are slipping down the ranks”. Neither is Goldman Sachs alone in its assessment. The UN and the US Population Reference Bureau also confirm that Britain’s population is set to become the largest in Europe by 2050.”
http://www.energytribune.com/articles.cfm/9962/Fuelling-the-Rise-of-the-Anglosphere
Xect - this has nothing to do with global politics etc. This is simply an increasingly worried gvt trying to scare groups and domestic corps to tow a party line so there is less opposition. When the collapse happens the gvt will then look to blame everyone but themselves and they are lining up domestic scapegoats as well as trying to blame the UK for the results of their own inneptitude. Just look at Think's attempt to make RKHs upcoming updates look like failure before we even see the results. This is something in the Argie DNA that they can not bare to see others do well when they are the spokespeople of disappointment.
Feb 29th, 2012 - 08:02 am - Link - Report abuse 0However they make it very easy to see straight through them and their insecurity is on show for all to see.
Hilarious. A trade war between 40 million poor people and nearly 70 million rich people. I think I' know who I'd have my money on...
Feb 29th, 2012 - 08:35 am - Link - Report abuse 0The argy currency is practically worthless ..if they dont hand over dollars ,I wouldnt want to do business with the bean farmers anyway..
Feb 29th, 2012 - 08:44 am - Link - Report abuse 0@24 what I'm curious about is why they would spend so much time and government effort on something so petty. We definitely shouldn't sink to their level, but I really cannot see why they'd be so interested in doing something which takes their focus off their economy, unless it is truly and unrecoverably furked.
Feb 29th, 2012 - 08:44 am - Link - Report abuse 0It's definitely fooked ελληνικό γιαούρτι. Cue the UK is up to its neck in debt comments, which all conveniently forget about the UK's debt maturity profile. We don't have to pay it all back tomorrow. The UK DMO has played a blinder...
Feb 29th, 2012 - 09:05 am - Link - Report abuse 0Trade cuts are fine! I don't want to buy any Argentine products anyway.
Feb 29th, 2012 - 09:53 am - Link - Report abuse 0How come INDEC can track British imports so effectively, but it cannot track inflation or domestic statistics enough to be compliant with the IMF/FATF?
Feb 29th, 2012 - 10:04 am - Link - Report abuse 0Are they just using British Government statistics again? LOL at Argentina.
LMAO - When you think about it this is yet another shooting themself in the foot incident. When business's and investor see a government trying to tell companies what to do, it will put them off investing in the country or doing buisness in that country. Telling them to get goods from other places, would result in higher prices if they did so, as the only reason they likely import UK goods is because its cheaper than importing from else where. That would increase inflation if cost of imported goods increased.
Feb 29th, 2012 - 10:15 am - Link - Report abuse 0So the effects would be increased prices on goods, increase inflation, increased business overheads, could possibly cost some people their jobs as companies recover the additional cost of importing from elsewhere. Will likely lead to the UK banning all trade imports and exports to argentina, and imposing sanctions via the EU and UN in response to such an unlawful trade ban. By the way, it smacks in the face of the “give peace a chance” as it shows that it is argentina that is leading us up the steps of escalation and argentina is the one taking all the aggressive action.
If the UK wanted too, it could easily break argentinas economy.
Daily Telegraph
Feb 29th, 2012 - 10:25 am - Link - Report abuse 0“Did you know that your taxes are supporting loans going to Argentina? As President Cristina Fernandez de Kirchner continues to make waves over the sovereignty of the Falklands, the British Government continues to vote through billions of pounds in international aid to her country, primarily through the World Bank and the EU. According to a poll by ComRes, of those few British adults who are aware of such expenditure, barely 6 per cent support it.
Barack Obama’s administration certainly isn’t in favour of such action. It has started voting against loans to Argentina from international financial institutions, and is looking for allies in its tough stance. Britain should be first in line.”
To all Brits
Please write to your MP and MEP to have this ridiculous aid to Argentina ended. Even if turkey neck wasn't being so belligerent, this aid is just plain wrong and should be diverted to more deserving parts of the World where it is actually needed.
It would be a good idea for all people who love freedom to boycott Argentine products. In addition, Great Britain should consider a ban on anyone entering Britain who has an Argentine passport.
Feb 29th, 2012 - 10:27 am - Link - Report abuse 0@31 Cameron said in Parliament that he was 100% sure that no aid money was going to Argentina. (maybe some money from Band Aid went there) But in 'Politicianese' that means he's 10% sure and will probably spend all day making sure that no aid is going to Argentina, then he'll find out it is through the IMF and EU and we'll find out exactly how much is going to Argentina in a few days.
Feb 29th, 2012 - 10:30 am - Link - Report abuse 0I'm not sure why they should be getting aid from the world bank when they are simply incapable of paying any kind of loan.
'When you think about it this is yet another shooting themself in the foot incident. '
Feb 29th, 2012 - 10:30 am - Link - Report abuse 0Yep, The footsi index has upgraded Argentina from 'Centipede' to 'Millipede'....
Think (14) you still believe Britain is “stealing” resources in the Falklands? For a person who claims and tries to portray himself as intelligent, you really are blinded by Argentine propaganda. I gave you the benefit of the doubt there, I could have been much harsher. Didn't I prove to you that all fishing and hydrocarbons licences are received by the Falkland Islands Government?
Feb 29th, 2012 - 10:30 am - Link - Report abuse 0Think, it is really nice knowing that you are wrong. Keep making a fool out of yourself.
They want to ban trade with us & they're running a SURPLUS?
Feb 29th, 2012 - 10:54 am - Link - Report abuse 0Oh this is just too delicious!
Hey Malvinero1,
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KAKAKAKAKAKAKAKAKAKAKAKAKAKAKAKAKAKAKAKAKAKAKAKAK
AAAAAAARRRRRRRRGGGGGGGGGGGGGGHHHHHHHHHHHHH
OOOOr, my head hurts!!!!!!!!!!!!!!!!!!!
titter titter, chortle, snigger.
lmbeciles!
Excellent about time :) Banning imports in 1982 until 1994 didn't exactly drastically effect our economy back then, and I doubt it will now, Argentina's a sinking economy anyway, budget deficit and 0 reserves and habitually lying about how bad inflation really is, I'm just curious how much of their foot they will shoot off before they realise they ain't going anywhere in this dispute :)
Feb 29th, 2012 - 11:16 am - Link - Report abuse 0UK needs to get the EU and UK to immediately stop all imports from Arg before the Soy harvest. Let China and India buy them way below market and destroy the Arg economy this summer. Let CFK deal with that mess and she will be too busy or maybe without a head to bother with the Falklands.
Feb 29th, 2012 - 11:56 am - Link - Report abuse 0What exactly do Argentina make/produce and I will certainly boycott it.
Feb 29th, 2012 - 12:30 pm - Link - Report abuse 0Their Soy is GM shit and should be banned anyway.
@38 The letter is in the mail to my MEP. Should be funny to see what happens once the wrong questions start being asked of the Argentinians.
Feb 29th, 2012 - 12:31 pm - Link - Report abuse 0Spanish might kick up a fuss though, but they're just basically new-Greece (work 3 hours a day and retire at 30 on 150% final salary pension) so no one cares what they say.
@38. Businesses inside the EU will not buy Argentinian soya anyway, because most of it is GM.
Feb 29th, 2012 - 12:51 pm - Link - Report abuse 040. The Spanish are VERY concerned over the harrassement of YPF/Repsol they think the harassment will start spreading to their other companies. Remember they used to own Aerolinas Argentina. It is very easy to drive a company out of business when you make the rules.
Feb 29th, 2012 - 01:06 pm - Link - Report abuse 0So now is the time to strike.
41. They buy Soy for animal feed. And just the threat of import restrictions should be enough to drive the price of Arg soy to rock bottom.
As usual,.. the Argentine government does all their dirty work behind the scenes but officially deny they are doing it.
Feb 29th, 2012 - 01:25 pm - Link - Report abuse 0@42 If I was a cynical man, I'd say Mrs Turkeyneck has been putting measured pressure on YPF in order to get the Spaniards to bark on about Malvinas and Gibraltar at the UN.
Feb 29th, 2012 - 01:41 pm - Link - Report abuse 0There is no doubt that an issue with the EU would cause Argentina quite a lot of strife at this point in time.
44. I think rather than a Falklands ally CFK is eyeing the U$2 in cash equivalents YPF has on the books. She is probably also dumb enough to think that the huge potential reserves they found recently is easily extract-able. Not realizing they do not have the technology, $ or knowledge to get the o/g out of the ground in the next 10 yrs.
Feb 29th, 2012 - 02:00 pm - Link - Report abuse 0@45 wouldn't it make sense for them to just sell the land to some oil company... and then when the technology appears, just change the rules and take the land back in some festival of corruption.
Feb 29th, 2012 - 02:26 pm - Link - Report abuse 0Sounds like something the Argies would do.
What's wrong with these women CFK and DG? Are their PMSs going to their heads? What they are doing is “economic insanity to the nth power”!
Feb 29th, 2012 - 04:07 pm - Link - Report abuse 0I think they need to get out more!
I was in Waitrose the other day and thought about buying some Argie red wine. I'm glad I didn't bother.
Feb 29th, 2012 - 04:23 pm - Link - Report abuse 022 Lord Ton
Feb 29th, 2012 - 04:38 pm - Link - Report abuse 0Is very reassuring coming from Goldman Sachs :-)
Rolling Stone:
“ They weren't murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it”
Roger you should listen to the other Roger better...
http://www.telegraph.co.uk/news/worldnews/southamerica/falklandislands/9113342/Pink-Floyds-Roger-Waters-says-Britain-should-return-Falklands-to-Argentina.html
These people do not understand cause and effect.
Feb 29th, 2012 - 06:06 pm - Link - Report abuse 0They think that companies can easily change suppliers without any cost. Perhaps in some cases they can, but generally companies need to buy to a specification and then the cost matters, not the other way around.
It is no good having something for a cheaper price if it results in poor reliability / failures within the guarantee or other hidden costs. That is the road to ruin.
And do they think that the UK are going to continue buying Argentine products as if nothing has changed?
Simpletons pussy whipped by two bitches.
Wait till the Sun and Daily Mail get hold of this........come on, lets help them with a winning headline
Feb 29th, 2012 - 06:26 pm - Link - Report abuse 0Asked about the reported plan to block British imports, Mr Cameron's spokesman told reporters at a regular media briefing in Westminster: “It is clearly very sad that Argentina continues with their policy of confrontation.
Feb 29th, 2012 - 07:52 pm - Link - Report abuse 0”We think that is counter-productive and also a complete misreading of Britain's resolve on this issue.
“The UK is also a major investor in Argentina and we import goods from Argentina. It is not in Argentina's economic interest to put up barriers of this sort.
” Last year Argentina imported goods worth over 600 million dollars from Britain - mainly consisting of chemicals, pharmaceuticals and cars.
.[in other words] if you impose it,
it will be imposed against you,
and you will lose [again lol.]
@52 - I understand that the PM metioned the EU as well, so he seems to bea sking other EU countries to at least condemn Argentinas actions.
Feb 29th, 2012 - 09:01 pm - Link - Report abuse 0If this carries on they could find wider sanctions of some kind imposed on them.
We should personally pay them back measure for measure. We should start with immediately withdrawing from the aid programme that we contribute to (I don't care what the bleeding hearts say).
Follow this up with blocking their bids to get loans from the world bank, following the lead of the USA. If they want a fight lets make sure we punch harder than they do, we have the ability to do so.
@53 shb
Feb 29th, 2012 - 09:35 pm - Link - Report abuse 0“Follow this up with blocking their bids to get loans from the world bank”
They already can't get loans and haven't been able since they defaulted on their massive debts years ago.
I thought I’d look in on you guys, as DanyBerger hasn’t come back with one of his probing retorts as yet, perhaps I’ve seen him off.
One has to assume that businessmen in Argentina buy British products because whatever it is that they buy is the best quality for the best price.
Feb 29th, 2012 - 10:55 pm - Link - Report abuse 0So the government wants them to buy lesser quality for a higher price...
Ho hum... Bang!!!!.... there goes foot #107
Apparently you can say this to Argentinians to when you get off the cruise ship “non pauper, i non vis loqui ad vos de las isles falklandes”
Feb 29th, 2012 - 11:05 pm - Link - Report abuse 0It's quite effective.
surley if they concider themselves in a conflict,
Feb 29th, 2012 - 11:27 pm - Link - Report abuse 0should they not withdraw from the games, in case we kidnap or hold them hostage.
@ Redcoat
Feb 29th, 2012 - 11:54 pm - Link - Report abuse 0I knew that they have isolated themselves somewhat as a result of the default. Here is where I saw loans mentioned.
http://blogs.reuters.com/macroscope/2012/02/29/vultures-swoop-on-argentina/
48 Brit Bob (#) Feb 29th, 2012 - 04:23 pm Report abuse
Mar 01st, 2012 - 02:48 am - Link - Report abuse 0“ I was in Waitrose the other day and thought about buying some Argie red wine. I'm glad I didn't bother”
Yes - most of it's like French wine heavily blended. I Prefer Sainsbury's own label Sicilian as it's a single vintage. They only get it once a year but its perfect.
In Argentina I buy from only one Bodega in Mendoza as it produces a perfectly aged single vintage from one type of very old grape. Very sweet and rather like Italian Marsala - which I also adore.
It's getting a bit pricey now but omg some of the stuff they sell in supermarkets these days! - I wouldn't insult a bag of harry ramsey's chips with it.
@58 shb
Mar 01st, 2012 - 11:54 am - Link - Report abuse 0“I knew that they have isolated themselves somewhat as a result of the default. Here is where I saw loans mentioned”
The world has some strange people; it’s difficult to believe at a time like this, there are people willing to throw good money after bad
Thanks for that
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