Argentina's current import restrictions forecasted to continue during 2015

Wednesday, January 28th 2015 - 07:33 UTC

Full article 7 comments

A decrease in Argentina's trade surplus this year would make it difficult for the federal government to end the current restrictions on imports, which force companies to file an affidavit in order to obtain authorization, the Argentine Importers Chamber (CIRA) said this week, only days after the country’s 2014 trade data was revealed to be the worst since 2001. Read full article

Comments

Disclaimer & comment rules

ChrisR
YES!

The argies have discovered a NEW way to trade.

First, you restrict imports that your manufactureres desperately need to make the goods they export. TICK

Then your exports are reduced because of the lack of materials and parts. TICK

Then the balance of payments suffers in direct relationship to the lack of parts. TICK

Hang on a cotton picking minute!

This is a load of bollocks! It will never wotk this way.

Ah! But it is the ARGIE way!

Oh well, I tried. :o)
Jan 28th, 2015 - 11:14 am - Link - Report abuse 0
-+
Conqueror
When will the EU, Japan and the United States make another complaint to the WTO? When will the sanctions start? Russia is failing under sanctions. Goodbye argieland! When you've collapsed, the world will take what it wants.
Jan 28th, 2015 - 01:18 pm - Link - Report abuse 0
-+
yankeeboy
1. They call it Heterodoxy, Argentina is 169 in ranking of best countries to do business, right along Venezuela and Iran.
Bahahahaha

Cue Auto Mfgs leaving....

All Int'l companies have “relocated” their high level expats out of Argentina.
Gee I wonder why?

I hope the car companies leave this year.
Jan 28th, 2015 - 02:40 pm - Link - Report abuse 0
-+
Chicureo
They will slow down production and lay off workers, but the cost to leave would be brutal. VW regrets locating its pickup manufacturing site in Argentina, but they're resigned to waiting for a new government.
Jan 28th, 2015 - 03:05 pm - Link - Report abuse 0
-+
MagnusMaster
@3 “All Int'l companies have “relocated” their high level expats out of Argentina.”

Source please. Anyway, I don't think anyone will leave until after the elections.
Jan 28th, 2015 - 04:45 pm - Link - Report abuse 0
-+
yankeeboy
5. It was either Lanacion or Clarin, they were reporting that even the Brazilians have pulled their high execs out.
I doubt it has anything to do with the elections.
I've been saying for a very long time this will happen.
The next crash will be worse than 2001 and you'll have depression and hyperinflation
Then all the Int'l companies will flee no matter who's elected.
Jan 28th, 2015 - 09:49 pm - Link - Report abuse 0
-+
MagnusMaster
@6 Yes, but what I'm really worried is what will happen later, because everybody seems to think everything will go fine. People here are not only unprepared, they see no wrong in being subhuman savages and can do anything.
Jan 29th, 2015 - 01:58 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!