Argentina’s powerful Industrial Union (UIA) warned that if President Cristina Fernandez de Kirchner is re-elected next October one of the top issues of her agenda will be taking action in order to control “a concerning inflation”.
In spite of the good overall performance of the Argentine economy with annual growth estimated at 8.2%, industrial output had a lower showing and climbed 7.6% in July over the same month last year, according to the Industrial Monthly Estimator, EMI.
Argentina's 12-month inflation expectations were unchanged for a sixth straight month in August, according to a closely watched survey published by the Torcuato Di Tella University.
Argentina's economy grew by a wide margin in June on the back of a consumer spending spree and solid demand for the country's grains and manufactured goods overseas, according to the national statistics office, Indec.
Argentina is undergoing a “corn planting boom” because of its more diversified market opportunities which help to ease the full impact of the export quotas system imposed by the government of Cristina Fernandez.
Argentina will file an official complaint against Britain for oil exploration activities in Falklands/Malvinas disputed waters before the United Nations Decolonisation Committee and have invited the C24 president to visit Argentina to hold a meeting on the issue in Buenos Aires.
Colombia “fully identifies with the government of Cristina (Fernandez de Kirchner)” because it shares democratic values and welfare and development objectives, said President Juan Manuel Santos the first Colombian leader on an official visit to Argentina for over a decade.
The US Department of State released it’s 2010 Country Reports on Terrorism, in which it praised Argentina for “cooperating well” with the US in analyzing possible terrorist threat information,” although it warned about the country’s “virtually no progress toward addressing anti-money laundering and counterterrorist finance activities.
Colombia/Argentina bilateral trade is set to reach 2 billion dollars, eight times its 2003 value, and remains favourable for Argentina, according to Minister of Industry Debora Girogi.
Argentina lowered fisheries’ export tariffs to all processed goods made out of hake, squid and shrimp. The measure applies for six months and makes effective the promise from Economy Minister Amado Boudou earlier in the month.