Argentina’s trade surplus reached 1.014 billion dollars in July, which is 54% higher than the same month a year ago. Exports totalled 7.4 billion and imports 6.37bn according to the latest release from the official stats office, Indec.
Argentine president Cristina Fernandez had to cancel all her Wednesday activities because of a lipothymy episode (low blood pressure) and was instructed to rest for the rest of the day at the presidential residence in Olivos.
Three Argentine economists, particularly close to the government of President Cristina Fernandez have admitted that the Argentine Peso is overvalued and is causing problems for non commodity exports which need to be addressed.
Argentine consumers’ inflation expectations for the next twelve months reached a record of 39.8% climbing for the third month running, according to the latest release from the University of Torcuato Di Tella.
Argentine lawmaker and close counsellor of President Cristina Fernandez Carlos Kunkel rejected on Tuesday the idea that the ‘Kichnerite era’ could end if President Cristina Fernández is not re-elected in 2015 presidential elections as has been suggested by some of her followers and the opposition.
The Argentine Foreign Ministry on Tuesday hit back at the United States amid various trade barrier complaints and allegations of illegality saying that it would report the country for violating the World Trade Organization’s (WTO) rules for stopping imports of Argentine meat and citrus fruits to the US.
The United States and Japan launched on Tuesday complaints against Argentina at the World Trade Organization (WTO), alleging that its import licensing rules discriminate against foreign goods. The two complaints follow similar litigation brought by the European Union in May.
Falkland Islands Consolidated Fisheries Ltd has announced that the Falklands longline Patagonian Toothfish (Dissostichus eleginoides) fishery has entered full assessment for Marine Stewardship Council (MSC) certification.
Paraguay officially announced holding elections on April 2013, when a new president and congress will be voted. The three branches of government attended the launching of the announcement that took place at the Superior Electoral Justice Tribunal on Tuesday, one day ahead of the OAS Permanent Council debate on “the Paraguayan situation”.
The Ecuadorean government reiterated on Monday that dialogue with UK on the Julian Assange case will continue once London officially “withdraws” the original message with threats. Quito also is hopeful that the coming OAS extraordinary meeting will ratify full support for Ecuador as has happened with other regional organizations.