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Argentina the world’s most protectionist country, says World Bank trade report

Tuesday, July 24th 2012 - 21:46 UTC
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The administration of President Cristina Fernandez has applied 168 restrictive measures since 2009 The administration of President Cristina Fernandez has applied 168 restrictive measures since 2009

For the second time in the roll a study from World Bank’s Global Trade Alert points Argentina as the world’s most protectionist country. In a report released by the institution, Argentina appears as the country which applies the most restrictions to control foreign trade for the second time in a roll.

Argentina tops the list of countries with more commercial restrictions, both for imports and exports, and also for foreign currency controls.

According to the report, Argentina applied 168 measures since 2009 to restrict and control the trade followed by Russia, US, China, India and Brazil.

National curbs to imports affect mainly China, Brazil and the United States, the document informed.

The 11th Global Trade Alert report on protectionism – assembled by an independent team of trade policy analysts from around the world – provides a detailed account of the resort to beggar-thy-neighbour policies from the first crisis-era G20 summit in November 2008 until May 2012, the institution explained.

To the Global Trade Alert, those protectionist policies were detrimental to the overall economy, harming development and employment.

“Such protectionism translates into lost commercial opportunities, threatened jobs, and slower economic recoveries,” the document read.

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  • briton

    [THE NEW ARGENTINA ] [see picture]

    You see,
    Eye was right,
    She has finally cracked given up argentina main land , without telling the people,
    For a small islands, a fraction of its size,

    How argentina has changed, look at the new map,

    Well for a swap, 3,000 Falklanders will do wonders on the mainland, in there new Falkland country,

    But how CFK is going to get 40 million on there new islands we don’t know,

    Sure glad we aint going to tell em.
    Answer that one, argies lolol.

    Jul 24th, 2012 - 10:01 pm 0
  • Joe Bloggs

    “The World Bank is just a weapon of the West to keep the likes of Argentina represessed.... yardy yardy yardy”.

    Just sit back and watch. Yawn.

    Jul 24th, 2012 - 10:02 pm 0
  • PirateLove

    “Argentina the world’s most protectionist country”

    You dont say....

    Jul 24th, 2012 - 10:17 pm 0
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