Monday, June 21, 2010

Argentina.... Jaime

The fear of an invasion of products from Greece and other European nations affected by the economic crisis explains the decision of the Argentine government to promote measures to halt or reduce food imports.
While so far there was no written communication, verbal as the Ministry of Internal Trade told them to large supermarket chains and major food-importing its decision to deny entry to the country of any product which has an equivalent production national, in order to protect local industry.
The measure led to the unanimous rejection not only of the embassies of the countries most affected by trade restrictions, such as Brazil, Spain, Italy and now Greece, but also local businesses and economists, who stressed that Argentina may be the most affected by such sanctions, as the country has more to lose than to win.
In this sense, we must bear in mind that the trade balance in food today is clearly favorable for Argentina, which annually exports over U.S. $ 20,000 million, while imports of just over U.S. item $ 1,000 million annually.
This is affecting some members of the UN, because they want to export their products to decrease their debt, and Argentina wants to benefit by its local products. And is affecting other countries.

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