As part of Argentina's foreign policy to increase links and cooperation with the Caribbean, Foreign minister Hector Timerman and his peer from Belize, Wilfred Elrington signed a South to South cooperation agreement which covers several fields and opens trade opportunities.
European Union member states agreed to impose punitive duties on imports of biodiesel from Argentina and Indonesia, which are accused of selling it into the bloc at unfairly low prices, according to diplomats. Argentina has anticipated it will take the case to the World Trade Organization.
Argentina's Foreign minister Hector Timerman will receive on Tuesday Olivier Bancoult, president of the Chagos Refugees Group, the entity which represents the 'Chagossians' forcibly ousted from their lands by the United Kingdom. The administration of President Cristina Fernandez pretends to expose contradictions in the UK's approach to the Chagos case and the Falklands sovereignty dispute.
Argentina's flag carrier Aerolineas Argentinas amd Boeing have completed an agreement for 20 Next-Generation 737-800 airplanes, an operation valued at 1.8 billion dollars (list price) which is seen as an effort by the Argentine government to modernize its fleet and increase passenger satisfaction.
Argentina's central bank is currently losing international reserves at an average of 47,5 million dollars per day or 8 million per hour, according to the latest figures on the bank's accounts which is increasingly used by the government of President Cristina Fernandez to honor foreign debt and finance the budget.
Argentine economic activity grew 4% in August from the same month last year, the government said on Friday, growth that far exceeded market expectations.
Argentina's National Fisheries Coordination Agency reported that the Federal Fisheries Council (CFP) established fishing quotas for hake (Merluccius hubbsi) for the current year: 277,000 tons for the south area (south of parallel 41°SL) and 35,000 tons for the north area (north of parallel 41°SL).
Argentine President Cristina Fernandez candidate for the 27 October mid term election in the crucial Buenos Aires province is trailing by eight points his main rival, Sergio Massa who is leading with 41.2% of vote intention according to the latest public opinion poll released by Poliarquía, one of the country’s most respected pollsters.
Argentina agreed to compensate five companies that won rulings over investment disputes as the country looks for the World Bank to approve 3 billion dollars in loans. The companies agreed to accept payment in dollar bonds and to reduce the principal amount of their awards by 25%, the Argentine economy ministry said Friday in a statement.
Argentina's bio-diesel industry warned it faces collapse if Europe makes good on a threat to impose stiff duties on their product next month. The European Commission earlier this month moved to raise duties on Argentine and Indonesian bio-fuels in response to alleged dumping.