Former Brazilian Industry and Foreign Trade Minister Miguel Jorge decided to weight in on the bilateral trade conflict currently affecting Brazil and Argentina, and surprisingly came out in defence of the Cristina Fernández de Kirchner administration, comparing President Rousseff’s move to impose non-automatic licenses on car and auto-parts imports as “firing a cannon ball.”
Argentine president Cristina Fernandez de Kirchner ratified before Mexican businessmen that her government will continue to advance the current ‘development inclusion model’ with strong policies in support of the domestic market and exports with added value.
The Argentine navy icebreaker “Almirante Irizar” which became an almost total loss in 2007 should be back fully refurbished and operational for the 2012/2013 Antarctic season following an investment of over 100 million US dollars reveals the Buenos Aires press.
The Inter-American Development Bank, IADB, will lend Argentina 1.3 billion US dollars this year, the bulk of which will be used for infrastructure projects, such as expanded roadways and sewage systems as well as a plan to improve neighbourhood conditions, announced president Luis Alberto Moreno.
Argentina’s organized labour leader Hugo Moyano described his relation with the administration of President Cristina Fernandez de Kirchner as “excellent” and blamed the press for all the stories of alleged clashes over political differences with the government.
Robert da Fonseca, director of the Sao Paolo Industry Federation, FIESP admitted on Friday that Brazilian businessmen are “worried” with the commercial conflict that Argentina and Brazil face.
Defence minister Arturo Puricelli denied Thursday that Argentina was obstructing the economy of the Malvinas Islands as claimed by Falklands’ governor Nigel Haywood in his state of the nation speech to the elected Legislative Assembly of the Islands.
World Trade Organization Director General Pascal Lamy warned world leaders that adopting protectionist measures can have “devastating effects” on the global economy. Addressing the G 20 group Lamy called on the leaders to resist “the temptations of protectionism”.
Argentina suspended the hake season in the south of Patagonia and banned squid operations following on scientific reports of over fishing that have considerably limited catches of both species said industry sources following an official audit which questions government fisheries controls.
Argentina’s former cabinet chief Alberto Fernandez warned that the government is “not looking at the economy as it should” and is risking “all the good things that have been done so far”. He was also very critical of Economy minister Amado Boudou.