Miguel Galuccio the new CEO of seized oil corporation YPF had already discussed conditions with the Argentine government for the job back in 2009, reveals the Spanish press. At that time no agreement was reached because the salary and other conditions he demanded were considered excessive.
The European Union has agreed to file a trade suit against Argentina's import restrictions with the World Trade Organization (WTO), a senior Spanish government source said on Monday, reports Reuters.
Bio-fuels expert Christopher Berg and head of F.O. Licht forecasted that Argentina this year will become the largest exporter of bio-diesel to the European Union in spite of the Spanish veto to imports in retaliation for the seizure of YPF.
The Argentine government expressed “great concern” on Monday following the decision from the Spanish government to ban bio-diesel “not produced within the European Union” from the country.
By Jorge Argüello (*) - What defines a protectionist country nowadays? Is it when a developing country takes precautions against a flood of products with plummeting prices due to an international crisis? Or, is it when an export powerhouse delivers large subsidies exclusively for domestic production? In a world economy like today’s can protectionism be measured solely by Customs measures or those targeting imports?
Just days after finalizing the hostile takeover of Spanish-owned oil and gas company YPF, the Argentine government got even more hostile, freezing imports of Spain’s signature delicacy: ham.
The Argentine Chamber of Integrated Fruit Exporters, CAFI reported that apple and pear exports continued a sharp decline in terms of exported volume, with a downfall of 30% (about 90.000 tons in total) compared to the previous year and 15% less in relation to 2010.
Argentina's seizure of 51% of the shares of Spanish oil group Repsol's YPF unit could scare away international firms from investing in the, the International Energy Agency said on Friday.
Defence Minister Arturo Puricelli once again claimed Argentine sovereignty over the Falklands/Malvinas Islands at the Unasur headquarters in Ecuador and warned that “the usurpation of the Islands affects all of the South American nations” plus insisting on the military/civilian ration in the Islands.
Brazilian meatpacker JBS SA has sold one of its two units based in San Jose, Argentina, the company said in statement Wednesday. The unit was sold for 16.5 million dollars to a group of local cooperatives and the provincial government, which will run the operation.