Argentina received a barrage of criticism at the World Trade Organization on Friday where the United States, European Union, Japan and 10 other countries accused it of tying imports up in red tape. They also requested Argentina provide a detailed written explanation of why in its view “these measures and practices are consistent with WTO rules”.
Argentina does not ban the import of books, the latest measures have been implemented to safeguard human health since handling books could entail dangers originated in the lead content of the inks with which they are published.
The Argentine Ambassador to the US, Jorge Argüello, assured on Wednesday that despite reactions to trade barriers put up this week by the US to Argentina, there was “nothing to worry about” regarding the relationship between the countries.
Argentina is having serious trade problems and Brazil “in a mature way” must try and help solve them said a top official from President Dilma Rousseff administration, who anticipated he would be travelling to Buenos Aires in coming weeks.
Foreign Affairs minister Hector Timerman said on Tuesday “there is no country” in the world that can say Argentina is protectionist and claimed it is the G20 member that saw imports soar most between 2010 and 2011.
Uruguayan Vice-president Danilo Astori strongly criticized the current situation in Mercosur blasting protectionist measures of both Argentina and Brazil, which together with Paraguay are full members of the block
Mercosur junior member Paraguay that is suffering the Argentine restrictions on imports and has seen its February exports plummet 70% is planning ‘mirror’ countermeasures but emphasizing on those products with greater impact for Argentina and lesser for Paraguay.
Uruguayan exports to Argentina during the month of February plummeted 46.6% compared to the same month a year ago according to Uruguay’s Union of Exporters, which attributes the poor performance to the imports restrictions imposed by the neighbouring country.
Inflation and an over valued currency are among the main challenges faced by the Uruguayan economy this year in the framework of a global recession which threatens the country’s exports
Santiago media reports increasing disappointment in the Chilean government and private sector with the latest batch of Argentine measures to restrict imports and want the issue ‘top of the agenda’ when President Cristina Fernandez visits Chile at the end of the month.