In an offensive to counter recent attacks on Argentina’s restrictive trade policies, Foreign Minister Hector Timerman expressed at the World Trade Organization, WTO, his government’s concern with the current course of global negotiations which face the serious risk of abandoning the development goals agreed when the launching of the current Doha Round of negotiations back in 2001.
By Jorge Argüello (*) - What defines a protectionist country nowadays? Is it when a developing country takes precautions against a flood of products with plummeting prices due to an international crisis? Or, is it when an export powerhouse delivers large subsidies exclusively for domestic production? In a world economy like today’s can protectionism be measured solely by Customs measures or those targeting imports?
The US administration of President Barack Obama is loosing its patience with Argentina and in coming days is expected to finalize special tariff benefits for certain Argentine exports.
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 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.
Argentine and Brazilian footwear manufacturers clashed this week over restrictions to trade, mainly through the delay in approving import licences but agreed to keep talking next month in Rio do Janeiro.
The Economist in its latest edition has a two-chapter piece on trade restrictions imposed by South America’s two biggest economies. The first (“Keep Out”) refers to Argentina and the second (“A self made siege’) to Brazil.
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.
Brazilian president Dilma Rousseff's international affairs advisor Marco Aurélio García lowered the tone of the trade conflict with Argentina and said that the relationship between both countries is fine despite the trade barriers that Brazil imposed on the import of Argentine cars.
The trade dispute among Mercosur main partners seems to be abating from the moment Brazil authorized on Friday the introduction of 1.000 cars manufactured in Argentina that had been retained in Customs since the implementation of non automatic import licences.