MercoPress. South Atlantic News Agency
Uruguay strongly advocates for “free and fluid trade” in Unasur meeting
Lorenzo said free trade is the guarantee for long term sustained growth Uruguay’s Economy minister Fernando Lorenzo called on other members of Unasur, Union of South American Nations, to ensure free trade in the region as a safeguard and guarantee for the sustained growth of country-members in time.
“We believe that the same way as with the diversification of regional instruments to solve financial issues we are better prepared than ever for such a contingency, and in the right direction, Uruguay understands that this same focus must be applied to the trade of goods”, said Lorenzo who hosted a meeting of Unasur Economy ministers in Montevideo, shadowed by Argentina’s policy of restricting imports.
Lorenzo said that keeping “free trade” and “fluid trade” conditions at inter-regional level “is a guarantee for the growth conditions of our countries on the long term”, adding that Uruguay’s position was based on the fact that when there are trade hurdles “it is very difficult for countries to find compensation and mitigation mechanisms to face these risks”.
For this matter “regional cooperation is crucial” so as not to have to face “bottle necks originated in regional trade difficulties”.
Lorenzo said that Uruguay’s position was shared by ‘other delegations’ attending the meeting but did not reveal names or what had been Argentine Economy minister Hernan Lorenzini.
Other issues considered at the meeting were regional instruments for the management of international reserves and trade with local currencies.
Uruguay recalled that the Brazilian congress has yet to vote on the system to operate trade with local currencies and again invited Argentina for the two countries central banks to work on a similar mechanism.
Earlier in the week the Uruguayan government announced it would bring forward subsidies to help the country’s industries being affected by the Argentine trade barriers.
Lorenzo informed plans to enact fourteen different measures, which include immediately bringing forward 2012’s 5 million dollars annual subsidies in order to help the clothing industry.
Uruguay will also offer local companies easy access to insurance in case of an eventual reduction in the employees’ work time, which would affect the company’s production levels. Another measure looking to favour the Uruguayan industry is to increase the clothing and footwear import tax from 8 to 15%.
“The Government’s strategy is being put in place in order to soften the negative impact that Argentina’s new measures may have on companies, businesses and workers,” Lorenzo said.
Uruguayan companies, from the auto industry to the printing industry, are facing strong trade restrictions applied by Argentina, who increased its requirements for imports.
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Read all commentsKeep dreaming, Lorenzo. Keep dreaming.
Mar 19th, 2012 - 10:39 am 0“Free and fluid trade” is not a possibility.
Mar 19th, 2012 - 11:20 am 0Mercosur and CAN and the rag-bag of nations in the 'basket-case' group have all signed agreements to make sure trade is exactly the opposite of 'free and fluid'.
This is what trading blocs are all about.
Cristina Fernández de Kirchner the current disaster president of Argentina
Mar 19th, 2012 - 09:07 pm 0and the other Argentina crooks are her vice-president, Amado Boudou, he is actually an owner of the company that prints money for the government in Argentina, a major conflict of interest, but he denies it, he owns the company in the names of other friends and associates. He is being investigated and surely will end up in jail where he belongs. Cristinas 2 VERY UGLY children, Maximo and Florencia Kirchner, are also very corrupt. Maximo owns all kinds of hotels and properties adn Florencia is a film student in New York and lives in a luxury Park Avenue apartment and is known for major cocaine use. Some of us who know her in New York remember how she always used to tell us how her parents have a bank account drawn on the Nation of Argentina and for her family money is no object. These 2 corrupt children of Cristina Kirchner are self proclaimed “militants”, they belong to 2 internal terrorist groups which Cristina Kirchner finances, “La Cámpora” and “Quebracho”. “La Cámpora” goes around to the poor shantytowns around the cities in Argentina and gives the poor people a bag of groceries, a sausage sandwich called “choripan” and $20 pesos to buy their votes. These people have no choice but to accept this as they are extremely poor and have no other hope. “Quebracho” is a terrorist group which Cristina Kirchner pays to protect her, they disguise their faces and go around shaking down businesses to get money and give back to the president. They are also responsible for drug dealing, robberies and murders.
www.youtube.com/watch?v=zTBAjfgHLyk&feature=relmfu
www.youtube.com/watch?v=azwWSN2pukk
www.youtube.com/watch?v=iSvQw00SV-c
www.youtube.com/watch?v=UyPC0SD0PGw
www.ripoffreport.com/government-worker/argentina-tourists-m/argentina-tourists-murdered-l-33f51.htm
www.ripoffreport.com/federal-government/cristina-kirchner/cristina-kirchner-cristina-kir-dc9b0.htm
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