A good crop year for Argentine farmers and the government: export revenue will be up 4 billion US dollars and the tax man will bag an additional 888 million US dollars according to estimates from local grain dealers.
The number of foreign tourists visiting Argentina jumped 27.1% in 2010 compared to the year before, while dollars spent increased 25.9% according to air and sea arrivals and City of Buenos Aires numbers compiled by the country’s Statistics and Census Office, Indec.
US Assistant Secretary of State for Public Affairs Philip Crowley assured that the US government “has no reason to apologize” to Argentina in the case of the “sensitive materials” that were seized in a US Air Force plane by the local government last week, amid accusations of “attempting to smuggle surveillance and communications equipment.”
Argentina's industrial production in January continued to expand at a quick pace, led by strong output of machinery and equipment, food, non-metallic minerals and chemicals, a local think tank reported Wednesday.
Imports restrictions imposed this week by the Argentine government with the purpose of “preserving the re-industrialization process” cover approximately 200 products totalling annual imports of a billion US dollars, according to preliminary reports.
Argentine Judge Ezequiel Berón de Astrada requested on Tuesday Foreign Minister Héctor Timerman; Security Minister Nilda Garré; and the US Embassy “all the information they have” on the incident regarding the US Air Force plane seized in Ezeiza international airport.
Argentina extended the application of LNA non-automatic licenses to a list of new imported products, which include metallurgical products, electronics, some fabrics, high-range automobiles, bicycles and bicycle parts.
Argentina presented a formal protest to the United States embassy in Buenos Aires over the incident of a US Air Force plan that landed in the country last Thursday with alleged undeclared military equipment.
Defence minister Arturo Puricelli said Monday that Argentina “has no conflict hypothesis with countries from the region” and thanked the “strong support” from his visiting Brazilian peer Nelson Jobim regarding Argentine sovereignty over the Falklands/Malvinas Islands.
Argentina’s Economy Minister Amado Boudou heads to France this week to participate in the G20 ministers meeting and will take advantage of the trip to further advance tentative negotiations to resolve the defaulted debt Argentina has with the Paris Club.