Argentina’s government could at any stage now force Spanish seafood group Pescanova to divest its squid fishing operation based in the Falkland Islands, as it is reportedly breaching fishing legislation, said Spanish media. Read full article
The UK has legally claimed territorial waters around the Falkland Islands and its dependencies under the terms of UNCLOS. What has been awarded can only be delimited via the ICJ / PCA or 'by mutual agreement.' Anything else is just 'piffle.'
Pescanova will do due diligence on both operations and you have to wonder which will come out as a better investment? While its operations in Argentina are probably much larger, that does not equate to more profitable when you take the currency, tax, government regulation and risk of nationalisation into account.
None of those are an issue in the Falkland Islands. Smaller, yes; but a better return on investment I am thinking not to mention much, much longer term stability.
Presumably Pescanova are making money from the Falkland Islands operation.
If they are forced to withdraw someone else will take their place and they will lose money-still that is the latin way.
That's why the biggest selling item of clothing achieving unbelievable sales in Spain and Latin America is a diverse range of Kevlar armoured footwear which can take any amount of ammunition fired at them by the wearers.
@5
Poached, no would sooner have mine battered and fried and good English chips.
Do Argentine fish have tags on them as I understand they prefer FALKLAND waters. Fish seem to know when they are batter off, oops should have said better off.
Well that’s up to the Spanish, if they decide to stay they will,
If they decide to go they will,
If Spain has its way, it may well pressure they to move to Argentina,
And the fishermen will lose money,
Or they can to the sensible thing and move to the Falklands,
No doubt there will be others that will step into the void.
.
3% Still whittering on about non-existant 'squatters' old man? That lie has been shown up long since.
Word is that the UN will never deny the kelpers the right to self-determination.
Argentina's distorted version of history in unravelling. Argentina was not even a sovereign State till the 1860's. They don't seem to have done much with that since then.
Argentina remains the rogue nation of South America - the biggest threat to the region's peace. Can't pay its debts, and can't keep its promises.
This Spanish company may end up just dealing with the Falklanders - after all, businessmen like a bit of stability :-)
@15 Yep, England has been sovereign since 927 AD. And it is STILL the bedrock of the United Kingdom. And 83% of the population. The England that had an empire. BEFORE the British Empires. That's right, Empires. More than one. 1583-1783, 1783-1815 and the Imperial Century 1815-1914. Good, aren't we?
Your Anglocentric interpretation of International Politics, History and Law seems to be as thin, feeble and weak as your choice of a retirement Country...
Unless, of course, you are assisting your Thai uniformed mates in giving businessmen the stability they like by controlling the “Unwashed” yellow masses...
Nice clip but silly comments about Argie fish at 5 above and 'international law' above. The waters around the Falkland Islands are not Argentinean. If you would care to study the ICJ Gulf of Maine case paragraphs 87 and 112(1) you would discover that: 'The thrust of this principle is to establish by implication that any delimitation of the continental shelf effected unilaterally by one State regardless of the views of the other State is in international law not opposable by one of those States' and 'No delimitation between States with opposite or adjacent coasts may be affected unilaterally by one of those States.' The UK has ratified UNCLOS in respect to the Falkland Islands. In a nutshell, Argentina can only delimit Falkland waters via arbitration or with agreement.
Argentina harassing legitimate businesses and making them choose either The Falklands or Argentina has been an utter failure with every business ultimately choosing to pull out of Argentina and leave their people unemployed.
My guess is the same will happen with this business as has happened with all the rest.
They don't learn from their terrible mistakes
They are not a smart people
@22 Briton
Apparently according to the latest,
the Spanish company has pulled all its assets out of Argentina..
Amazing if a country that seems to support the Argentine claim to 'Bad Vineyards' prefers to do business with the Islands rather than Argentina.
Perhaps the Spanish company may prefer doing business with a country that delivers on its promises rather than one that is too unpredictable to do successful business with.
Comments
Disclaimer & comment rulesThe UK has legally claimed territorial waters around the Falkland Islands and its dependencies under the terms of UNCLOS. What has been awarded can only be delimited via the ICJ / PCA or 'by mutual agreement.' Anything else is just 'piffle.'
May 24th, 2014 - 04:43 am - Link - Report abuse 0Pescanova Falklands operation will be targeted by Argentina, says this humble Chubutean...
May 24th, 2014 - 08:33 am - Link - Report abuse 0WGAF
May 24th, 2014 - 08:40 am - Link - Report abuse 0Pescanova will do due diligence on both operations and you have to wonder which will come out as a better investment? While its operations in Argentina are probably much larger, that does not equate to more profitable when you take the currency, tax, government regulation and risk of nationalisation into account.
May 24th, 2014 - 08:57 am - Link - Report abuse 0None of those are an issue in the Falkland Islands. Smaller, yes; but a better return on investment I am thinking not to mention much, much longer term stability.
WGAF... Turnip at (3) asks...
May 24th, 2014 - 09:44 am - Link - Report abuse 0Well... For starters.., some 100 squatting Kelpers that make a living by poaching Argie fish for Pescanova...
One hunders squatting Kelpers... that's about 3.3% of the total population of them Islands...
I bet TGAF..
Move Argenova's operations to the Falklands. Simple enough.
May 24th, 2014 - 11:47 am - Link - Report abuse 0Presumably Pescanova are making money from the Falkland Islands operation.
May 24th, 2014 - 01:00 pm - Link - Report abuse 0If they are forced to withdraw someone else will take their place and they will lose money-still that is the latin way.
That's why the biggest selling item of clothing achieving unbelievable sales in Spain and Latin America is a diverse range of Kevlar armoured footwear which can take any amount of ammunition fired at them by the wearers.
If they move operations to the Falklands they will be 'squids in.'
May 24th, 2014 - 03:53 pm - Link - Report abuse 0So it will be one bunch of crooks (Spain) after another bunch of crooks (Argentine).
May 24th, 2014 - 04:40 pm - Link - Report abuse 0They will be vying with each other as to who can put up the biggest bribe to the loaning banks.
@5
May 24th, 2014 - 04:47 pm - Link - Report abuse 0WGAF!
Oh yeah, like they are going to lose sleep over the loss of two licences to a Spanish company!
Jeez, if you believe that? you are one sad Argy!
Go eat some chips, you might grow up to be plank!
@5
May 24th, 2014 - 07:40 pm - Link - Report abuse 0Poached, no would sooner have mine battered and fried and good English chips.
Do Argentine fish have tags on them as I understand they prefer FALKLAND waters. Fish seem to know when they are batter off, oops should have said better off.
Well that’s up to the Spanish, if they decide to stay they will,
May 24th, 2014 - 08:09 pm - Link - Report abuse 0If they decide to go they will,
If Spain has its way, it may well pressure they to move to Argentina,
And the fishermen will lose money,
Or they can to the sensible thing and move to the Falklands,
No doubt there will be others that will step into the void.
.
8 Brit Bob
May 24th, 2014 - 09:07 pm - Link - Report abuse 0Ha, ha!!! I wanted to crack that joke but you got there before me!!
awful!! really awful!! ( but funny )
3% Still whittering on about non-existant 'squatters' old man? That lie has been shown up long since.
May 24th, 2014 - 10:58 pm - Link - Report abuse 0Word is that the UN will never deny the kelpers the right to self-determination.
Argentina's distorted version of history in unravelling. Argentina was not even a sovereign State till the 1860's. They don't seem to have done much with that since then.
Argentina remains the rogue nation of South America - the biggest threat to the region's peace. Can't pay its debts, and can't keep its promises.
This Spanish company may end up just dealing with the Falklanders - after all, businessmen like a bit of stability :-)
@14
May 24th, 2014 - 11:26 pm - Link - Report abuse 0was not even a sovereign state till the 1860s
The UK was not a sovereign state until the 1920s.
Too bad...
The UK was not a sovereign state until the 1920s.
May 25th, 2014 - 04:43 am - Link - Report abuse 0Behold a product of the La Campora infiltrated education system in Argentina.
No wonder they're having so many issues.
England was Troll - and the UK DID inherit :-)
May 25th, 2014 - 05:53 am - Link - Report abuse 0@15 Yep, England has been sovereign since 927 AD. And it is STILL the bedrock of the United Kingdom. And 83% of the population. The England that had an empire. BEFORE the British Empires. That's right, Empires. More than one. 1583-1783, 1783-1815 and the Imperial Century 1815-1914. Good, aren't we?
May 25th, 2014 - 09:53 am - Link - Report abuse 0(14) Dear Mr. Lorton
May 25th, 2014 - 10:33 am - Link - Report abuse 0Your Anglocentric interpretation of International Politics, History and Law seems to be as thin, feeble and weak as your choice of a retirement Country...
Unless, of course, you are assisting your Thai uniformed mates in giving businessmen the stability they like by controlling the “Unwashed” yellow masses...
Be careful out there!
http://www.youtube.com/watch?v=T2QApwtE8zQ
@19
May 25th, 2014 - 11:46 am - Link - Report abuse 0Nice clip but silly comments about Argie fish at 5 above and 'international law' above. The waters around the Falkland Islands are not Argentinean. If you would care to study the ICJ Gulf of Maine case paragraphs 87 and 112(1) you would discover that: 'The thrust of this principle is to establish by implication that any delimitation of the continental shelf effected unilaterally by one State regardless of the views of the other State is in international law not opposable by one of those States' and 'No delimitation between States with opposite or adjacent coasts may be affected unilaterally by one of those States.' The UK has ratified UNCLOS in respect to the Falkland Islands. In a nutshell, Argentina can only delimit Falkland waters via arbitration or with agreement.
Argentina harassing legitimate businesses and making them choose either The Falklands or Argentina has been an utter failure with every business ultimately choosing to pull out of Argentina and leave their people unemployed.
May 25th, 2014 - 01:28 pm - Link - Report abuse 0My guess is the same will happen with this business as has happened with all the rest.
They don't learn from their terrible mistakes
They are not a smart people
Apparently according to the latest,
May 25th, 2014 - 07:10 pm - Link - Report abuse 0the Spanish company has pulled all its assets out of Argentina..
If your ass sits in Argentina.
May 25th, 2014 - 07:46 pm - Link - Report abuse 0Your in trouble!
@23
May 25th, 2014 - 08:54 pm - Link - Report abuse 0ja, ja, ja!
Nice one.
And I thought Argentina refuted the claim that they were bullying the Falklands?
May 26th, 2014 - 11:38 am - Link - Report abuse 0@22 Briton
May 26th, 2014 - 05:06 pm - Link - Report abuse 0Apparently according to the latest,
the Spanish company has pulled all its assets out of Argentina..
Amazing if a country that seems to support the Argentine claim to 'Bad Vineyards' prefers to do business with the Islands rather than Argentina.
Perhaps the Spanish company may prefer doing business with a country that delivers on its promises rather than one that is too unpredictable to do successful business with.
agreed.
May 26th, 2014 - 07:31 pm - Link - Report abuse 0Commenting for this story is now closed.
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