The US and forty countries which formalized a joint statement before the World Trade Organization complaining about Argentina’s trade restrictions are considering moving a step further and begin a “disputes settlement” process which could lead to an open condemnation if the administration of President Cristina Kirchner does not lift the protectionist network.
The European Union has called on Argentina to respect international trade commitments, following on the announcement by the Minister of Industry to boycott the purchase of imports originating in the UK in an escalating row over the Falklands.
Brazil will keep its foreign policy ‘anchor’ in South America but will review the international because of the latest global changes such as the European Union crisis and the Arab spring.
Russia will ban shipments of Europe's cattle and hogs from March 20 due to an outbreak of the Schmallenberg virus, which causes birth deformities, said the Federal Service for Veterinary and Phytosanitary Surveillance, the country's food-safety watchdog.
The Argentine Foreign Ministry suggested in an official Wednesday release that “the EU and the Union of South American nations (UNASUR) analyze the Malvinas islands conflict and urge both countries (UK and Argentina) to negotiate”.
A several million pounds EU aid program to help Argentina should be halted until the country stops threatening Britain over the Falkland Islands, said member of the European parliament Nerj Deva.
The Euro zone's economy is heading into its second recession in just three years, while the wider European Union will stagnate, the EU executive said, warning that the currency area has yet to break its vicious cycle of debt.
Brazilian Foreign Minister Antonio Patriota and his visiting German counterpart Guido Westerwelle on Monday called for signing a free trade agreement between the European Union and the South American trade bloc Mercosur.
China's exports fell in January the first decline in more than two years, raising fresh concerns about the impact of a global slowdown on its economy. Exports dipped 0.5% from a year earlier hurt by sluggish demand and factories being shut during the Lunar New Year.
The head of China’s 410 billion dollars sovereign wealth fund CIC brushed aside a call by German Chancellor Angela Merkel to buy European government debt, saying such investments were difficult for long-term investors.