The head of the Importers Chamber of Argentina, Diego Pérez Santisteban, warned that the new imports controls applied by the government “is complicated,” and affects the bigger companies more than the small and medium ones of the sector.
The latest round of imports’ restrictions imposed by the government of President Cristina Fernandez and how to address them have triggered a serious debate inside the ministerial cabinet of Uruguayan president Jose Mujica.
President Cristina Fernandez hopes to convince Brazil to join Argentina in its campaign against the multinational corporations in an effort to balance trade balances in the midst of the global crisis spurred by the Euro crisis, China’s slow reaction and the US economy which still has to recover from the full impact of the 2008/09 recession.
The meeting between Argentine and Brazilian officials to discuss the new trade legislation implemented by the government of President Cristina Fernandez ended in a “good understanding”, said participants of the Monday meeting.
The new trade barriers enforced by the Argentine government are “insignificant, nothing to worry about,” Uruguayan president José Mujíca said to a Montevideo newspaper insisting that the best path is ‘dialogue’ dismounting each obstacle ‘step by step’.
The Brazilian government expressed concerns over the new Argentine trade barriers going in effect on Wednesday and informed that it would “evaluate its impact and legality” before making any decisions, Foreign Trade secretary Tatiana Prazeres announced.
Argentina is “a good problem” for Brazil, said President Dilma Rousseff’s Foreign policy advisor Marco Aurelio Garcia ahead of another trade dispute when Argentina begins applying a new imports’ scheme that has been equally criticized by local and Brazilian manufacturers.
Major trading nations led by Argentina, Brazil and Russia are raising barriers to international and threatening the global economic recovery, the European Union's executive arm said on Wednesday.
Argentina’s trade relation with Brazil does not have restrictions and “it’s understandable that some differences surface” when bilateral trade will be reaching over 40 billion dollars this year, said Argentine Industry Ministry sources in Buenos Aires.
Trade problems between Mercosur two main partners ‘subsist’, but both sides are optimistic that they can be solved. The revelation in the framework of the Mercosur summit follows weeks of discussions and paralyzing trade, sometimes for weeks at the borders.