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EU agrees to file a trade suit with WTO against Argentina’s import restrictions

Tuesday, May 15th 2012 - 00:52 UTC
Full article 39 comments

The European Union has agreed to file a trade suit against Argentina's import restrictions with the World Trade Organization (WTO), a senior Spanish government source said on Monday, reports Reuters. Read full article

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  • Simon68

    I can't wait for Mr. Timerman's answer to this. It should be hilarious.

    May 15th, 2012 - 01:03 am - Link - Report abuse 0
  • tobias

    The answer will be obvious: they are playing right into Argentina's hand.

    Man EU diplomats are dumb.

    May 15th, 2012 - 01:06 am - Link - Report abuse 0
  • Teaboy2

    Now tobias what were you sayin gin post #1 here - http://en.mercopress.com/2012/05/14/bio-fuels-expert-forecast-argentina-will-become-eu-main-supplier-in-spite-of-spain

    You really should learn to not speak to soon my friend lol.

    May 15th, 2012 - 01:07 am - Link - Report abuse 0
  • tobias

    @3

    This has nothing to do with the import ban Spain was requesting.

    Argentina is still exporting biofuel to Europe, still is not payed back the bonds to German and Italian pensioners, still bans the Falkland Island flag from its ports.

    When I first started participating here, I was promised that Argentina would be forced to accept the FI flag due to EU action, it was promised Argentina would pay for not paying up to the italian/german pensioners.

    Crickets...

    Now this is being promised we will pay.

    I'm really not afraid of European nations threats anymore.

    May 15th, 2012 - 01:11 am - Link - Report abuse 0
  • JohnN

    Argentina has itself put “serious trade sanctions” on the Falklands with Argentina's embargo of virtually all exports to the Falklands (except Argentine tourists, deceitful movie-makers and failed hockey players). Falklands is an officially-listed OCT of Britain - so what is the EU going to do about this?

    May 15th, 2012 - 01:17 am - Link - Report abuse 0
  • Teaboy2

    @4 - How do you know its nothing to do with it Tobias - Don't you realise the sanctions involved should the EU be successful would include such importation and exportation bans? Or are to dumb to realise that just because they say its not directly connected, it doesn't mean its not connected. Everything in politics is connected, everything always adds up to a certain point when eventually they say enough this can not go on any longer. In this case, they are saying enough with argentina, time to teach them a lesson!

    You were also promised the islands would be argentine, have you got them yet? No you haven't and never will. Just because something promised hasn't happened yet doesn't mean it won't happen - This is the EU manuavering in to position which will likely bring the what us brits have been promising to you. Oh and no one promised you that argentina would be forced to accept the FI Flag, just that the EU would stand on the UK and the Flaklands islanders side which they did so by refusing to even acknowlege argentinas attempt to bring the dispute to the EU.

    You say your not afraid - Well given argentinas economic problem, if the EU is successful the sanctions will ruin your country economically, thats why they are taking this form or action and why no one has bothered to use military action like they would have done in years gone by. It will lead to higher inflation probably closer to the 50% mark, to high unemployment. In worse case scenrio is your country will go bankrupt again, personally if i was you tobias, i would move all your money to a bank account outside of argentina and into a foreign currency like the US dollar.

    May 15th, 2012 - 01:25 am - Link - Report abuse 0
  • tobias

    Argentina is standing up to European arrogance, that states if other countries don't bow down to their demands all the time they will get sanctioned into submission.

    You are welcome to try. May work may not, but what you will never get is our compliance without a fight. If the rest of the world want to be screwed over by you, fine, we will make it a point to call you out on EU subsidies and bailouts with DISTORT THE FREE MARKET.

    Ask any conservative UK, EU, or US politician. Argentina is doing nothing out of the norm, just in another form. Both distort the free market.

    May 15th, 2012 - 01:43 am - Link - Report abuse 0
  • brit abroad

    Why does anyone bother discussing anything with Tobais??? It is such a waste of time as he has a blinkered view on topics!

    May 15th, 2012 - 02:30 am - Link - Report abuse 0
  • expbrit

    @8 Because he's funny ??

    ...what you will never get is our compliance without a fight.... LMFAO

    May 15th, 2012 - 03:50 am - Link - Report abuse 0
  • brit abroad

    Malvinero is funny! Tobais is just a long winded twit!

    May 15th, 2012 - 04:08 am - Link - Report abuse 0
  • Xect

    “Argentina is standing up to European arrogance, that states if other countries don't bow down to their demands all the time they will get sanctioned into submission.”

    Tobias, I understand you deliberately trolling sometimes but this is so wrong I don't even know where to start.

    This whole situation has been caused by Argentina and has zero to do with European arrogance which as it happens is a state of mind completely made up by Argentinians.

    Nobody forced Argentina to break WTO, refuse to comply with the IMF (which it voluntary signed up for) or even steal YPF from its legal owners.

    As for Argentina standing up to European bullies, nothing could be further from the truth, Argentina is the bully and aggressor here and slowly the European nations are waking up and deciding to start take action.

    May 15th, 2012 - 06:30 am - Link - Report abuse 0
  • toooldtodieyoung

    1 Simon68

    This could be the basis for a new comedy show in the “Live at the Apollo” vein. I think you have hit on soemthing here!!

    We could call it “Today at the EU / WTO etc” and get somone like Jonothan Ross to be the MC. Then members of the Argentine government could come out and give us all a laugh.

    You should run that one up the flag pole, see if it holds water.

    May 15th, 2012 - 07:13 am - Link - Report abuse 0
  • Chicureo

    This is only the start of some very serious trade sanctions for Argentina.
    Don't worry THINK, they'll still buy your soybeans in China...

    May 15th, 2012 - 07:24 am - Link - Report abuse 0
  • Teaboy2

    Tobias is still on about farming subsidies even though i explained to him a month or so ago that its still cheaper to import from argentina and the likes then to purchase EU produced farm products. Its also therefore more profitable to purchase from argentina. All the subsidies do is make the industry in europe more competitive and prevents thosands of farmers losing their jobs and farms. Nothing illegal about that.

    But it is in breach of international obligations to expect companies wanting to export to import whatever the government tells it to import in exchange for permission to export, its also illegal in almost every other nations. Its also illegal and in breach of international law to steal a companies asset/shares and not compensate them the value of those assets, same for taking those assets/shares soley from just one share holder company.

    I say Tobias, i would love to see argentina give us its best shot, perhaps you should speed up those claims against the UK for war crimes in 1982 (not that we committed any war crimes). Whilst your at it lets see you take legal action against the oil companies and the banks connected to the falklands oil exploration. Not that your argentine courts have any jurisdiction over the falklands. In fact, whilst your at it, you might as well appoint Johnathan Ross as the judge and jury. lol now that would make great TV!

    May 15th, 2012 - 08:44 am - Link - Report abuse 0
  • McClick

    Argentina's Repsol decision has more interested the Rome(Italia) rather than Madrid(Spain) !

    May 15th, 2012 - 09:25 am - Link - Report abuse 0
  • Idlehands

    The Common Agricultural Policy is a racket that should have been abolished years ago. Nobody should be defending that.

    May 15th, 2012 - 10:07 am - Link - Report abuse 0
  • Teaboy2

    Well as i live in a rural area, i can saftely say that a lot of my friends in farming would be jobless if it wasn't for the subsidies they get. Should we not defend their jobs?

    May 15th, 2012 - 12:24 pm - Link - Report abuse 0
  • The Cestrian

    Brazil now at loggerheads with RG Land.

    http://uk.reuters.com/article/2012/05/15/uk-brazil-argentina-trade-idUKBRE84E07A20120515?feedType=RSS&feedName=GCA-GoogleNewsUK

    Everyone has basically had enough of them.

    May 15th, 2012 - 01:14 pm - Link - Report abuse 0
  • Idlehands

    I don't see farmers rushing to pay taxes to save my job. The CAP is an anachronism from the 1950's and it barely made any sense then. The developing world relies heavily on agriculture and yet we deny them the fair playing field that we demand from every other sector.

    If the farming industry cannot be competitive in world markets then it needs to look in the mirror not live high off the hog.

    May 15th, 2012 - 01:20 pm - Link - Report abuse 0
  • tobias

    Of course the subsidies should be ended. They keep competition that would otherwise not be ther based on “cruel” economics.

    Again, this is a typical example of how when the other shoe is on, suddenly things look not so nice with capitalism. Europe and the USA will go on about it in the industries they know they could do well in through export, but then start crying when in industries where they don't have advantages capitalism causes social pain.

    Now, even as an evil argie, I would never tell Europe or the USA to end subsidies overnight. That is what Argentina did in the 1990s with the industrial sector which is why the more open free-market economic model failed. Argentina should have opened itself more slowly in other to give the economy and job market a chance to absorb the unemployment created by obsolete factories closing or modernizing with human replacing machinery.

    But at least EU and US should START the process of slowly over a 20/30 year period ending all subsdies. 20/30 years is a generation and that will permit farmers and rural areas that cannot compete without the subsidies some time to train or change their economic profile.

    May 15th, 2012 - 02:54 pm - Link - Report abuse 0
  • yankeeboy

    20. What is up with CFK and minions talking about lemons being exported? The USA thinks they are poison so why would we let them in? It's been going on for at least a decade so why is she bringing it up now? Grasping at straws?

    Wait until all of your products have an extra tariff put on them but I guess Angola can buy whatever we don't. hahahaha

    Rgs looks like such boobs outside of their own country.

    May 15th, 2012 - 03:11 pm - Link - Report abuse 0
  • tobias

    You should not. Just like we don't let in US beef in any form or American books with lead. I certainly am never buying another book not printed in Argentina ever again after that disturbing discovery.

    Have fun reading.

    May 15th, 2012 - 03:19 pm - Link - Report abuse 0
  • yankeeboy

    Even you stupid gov't backed off of that lie. Why are you still touting it?

    BTW only poor people buy books now most people have Kindles or Ipads to read. Maybe someday you'll be able to afford that technology but probably not. Sorry.

    May 15th, 2012 - 03:35 pm - Link - Report abuse 0
  • Idlehands

    I can buy the argument about American beef (watch Food Inc) but that crap about lead poisoning from printing ink is just hilarious.

    May 15th, 2012 - 03:41 pm - Link - Report abuse 0
  • tobias

    It actually has scientific backing Idleheads. European and American printers, to cut costs because of the rise of electronic books, outsorced many ink jobs to China, where I think we can all agree standards are not so standard.

    Heck, how many toys from China had excessive levels of lead due to their paint?

    Argentina is in all its right to ban Chinese products or products form your countries which were outsorced in some of their products to China.

    American top level beef is good. But the average is not that great but worse, the “industrial” variety is made from barely edible offals and skins (and then chopped and disguised with meat-tasting artificial flavor into hacked meat), it is called “goo” and there was a viral report on it some weeks back. It is fed to schookids in that country.

    Trully disturbing.

    May 15th, 2012 - 03:45 pm - Link - Report abuse 0
  • Simon68

    yankeeboy and tobias,

    Our troubles are solved, the day after tomorrow will be a new dawn for Argentina, Queen Kretina will lead her troupe of performing monkeys to LUANDA, city of HOPE for our wonderful agricultral machinery. The only problem is that Mr. Senor hasn't actually built anything yet, but ANGOLA will be buying 18 from us. What a bright future is in store for us!!! Oh I'm so glad to be an Argentine in this wonderful age of miracles! Viva Kretina, viva Moreno, Viva Boudou.

    May 15th, 2012 - 03:49 pm - Link - Report abuse 0
  • tobias

    More Americans renounce their citizenship than ever before:

    http://finance.yahoo.com/news/facebook-co-founder--america-is-ok--it%E2%80%99s-the-rules-that-are-a-pain.html

    “Americans, including businessmen spured by an arcane tax code, seniors forced overseas to retire due to soaring medical and basic living costs, a feeling of religious restrictions or a big-brother government out of control among conservatives, a feeling of social intolerance and backwardsness among liberal Americans, and a sense of increasing lack of social mobility, are renouncing American citizenship, a situation highlighted by Facebook's co-founder recently”.

    Yankeeboy, maybe you will be the only yankee boy left.

    Any shootings today?

    May 15th, 2012 - 04:16 pm - Link - Report abuse 0
  • yankeeboy

    27. No, no shootings today. How many express kidnappings did you have in BA? 75? 100? 150?

    If that guy wants to make his Billions in the US then move somewhere else who cares? It is totally scummy but no one is going to stop him.

    Are you jealous you are stuck in that disgusting place and the peso is lower everyday? An International plane ticket out of that h hole gets farther and farther away every single day huh?

    I heard CFK is looking to have various exchange rates for the peso? Is that because it has worked so well in Venezuela? hahahaha losers.

    May 15th, 2012 - 05:52 pm - Link - Report abuse 0
  • Max

    Europe can not ( doesn't want) sanctions against Argentina which I write this from Europe !

    May 15th, 2012 - 06:07 pm - Link - Report abuse 0
  • briton

    We said it once, and will repeat it,
    CFK will push and push, until she pushes to far,

    The time is running out for CFK,
    Perhaps she has just pushed to far,
    And you argie bloggers that support her policies, are as guilty as she is,

    May 15th, 2012 - 07:03 pm - Link - Report abuse 0
  • Malvinero1

    Malvinero is funny Thank you Mr brit,likewise!

    We said it once, and will repeat it,
    CFK will push and push, until she pushes to far,

    The time is running out for CFK,
    Perhaps she has just pushed to far,
    And you argie bloggers that support her policies, are as guilty as she is,
    HAHAHAHAAH,briton..Poor deluded ex empire.What happens? Is uk sending the RN to force Argentina like in the past??
    Be careful briton,you will get sick from the frustration..

    May 15th, 2012 - 07:22 pm - Link - Report abuse 0
  • briton

    frustration is an argie who cant have her cake and eat it,,,is this not true .
    ha ha

    May 15th, 2012 - 07:31 pm - Link - Report abuse 0
  • Pugol-H

    If it leads to sanctions they probably won’t be as “serious” as the Spanish would like, however they will have an affect, as Argentina is now finding out with Bio-diesel.

    @ 20 tobias
    I agree with your comments about agricultural subsidies, as do many European people and politicians. It will be THE major (and most vicious) issue in the next EU budget round in 2013, particularly in the current constrained economic climate.

    As it stands if the CAP is not reformed next time round (no chance), it will implode by itself, Watch this space

    I would add that there would have to a reciprocal opening up of markets in the developing world to goods and services from the developed countries, like financial services ect.

    May 15th, 2012 - 07:36 pm - Link - Report abuse 0
  • Malvinero1

    frustration is an argie who cant have her cake and eat it,,,is this not true .
    ha ha
    And do you think I will die in stupidity like the deluded ex empire? Wasting 3 billion pounds,300 dead,400 suicide after,1000 wounded...for what???
    britton: You got the Stupidity price of the decade....
    And Malvinas will RETURN to ARGENTINA (The rightful owners)
    Do you want to bet?

    May 15th, 2012 - 07:43 pm - Link - Report abuse 0
  • briton

    no the falklands will remain british
    the malvinus does not exist,
    and you will not die stupid,
    you will just die, as most people dont even know they are dead,
    is this not true,

    thjeir is no ex-empire, it is mearly in cold storadge, to stop you argies claiming it,

    as for you,
    well all anti brits are realy , just , well, anti brits are they not .

    May 15th, 2012 - 08:06 pm - Link - Report abuse 0
  • Tobers

    @34

    And how many Argentine ex conscripts have taken their own lives?

    They have closed off monuments in Argentina because ex conscripts where throwing themselves to their deaths from them. Very sad.

    May 15th, 2012 - 10:15 pm - Link - Report abuse 0
  • British_Kirchnerist

    More victimisation of Argentina by an EU that is currently pushing Greece to the brink of complete collapse and a world system rigged against the poor; in other words, more reason for people like me to show solidarity.

    “Argentina's Secretary for International Economic Relations Cecilia Nahon has said the country was being made into an example to discourage developing countries from using legitimate economic policies”

    Well said. Sounds like a smart lady, must google her to fin out more...

    #25 “It actually has scientific backing Idleheads. European and American printers, to cut costs because of the rise of electronic books, outsorced many ink jobs to China, where I think we can all agree standards are not so standard.

    Heck, how many toys from China had excessive levels of lead due to their paint?

    Argentina is in all its right to ban Chinese products or products form your countries which were outsorced in some of their products to China”

    Interesting. And then the haters on here say Cristina is totally in China's pocket and will never stand up to them and on and on

    #28 “If that guy wants to make his Billions in the US then move somewhere else who cares? It is totally scummy but no one is going to stop him”

    I agree its scummy, but I like Cristina's approach because she doesn't sit back and say we can do nothing about these super-rich scum, thats why she's the real Iron Lady and the likes of Cameron Obama and Romney are men of straw

    May 16th, 2012 - 09:57 am - Link - Report abuse 0
  • briton

    That’s why she's the real plastic Lady

    She may or may not have a point, but she is wrong to abuse threaten and insulting to the Falklanders

    What she does to argentina is her problem, what she steals from the Falklands is our problem,

    In a nut shell
    Drop the false illegal claim and leave them in peace, or suffer the consequences.

    May 16th, 2012 - 02:43 pm - Link - Report abuse 0
  • Pirat-Hunter

    Great move hopefully the WTO will remember to add the pollution clean up bill to the amount owed by repsol to Argentina. Or factor in the cost of gas imports to Argentina do to repsol failure. This keeps getting better and better, repsol the gift that keeps on giving. We will all be watching this carefully to see if the WTO is with Argentina or the terrorists.

    May 20th, 2012 - 12:21 pm - Link - Report abuse 0

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