Saturday, May 14, 2011

Argentina Brazil criticized for imposing barriers to trade in vehicles

BUENOS AIRES, 13 May. (Reuters) - Argentina has criticized this Friday vigorously to Brazil for the lack of dialogue before imposing barriers to trade in vehicles, a fact that has been described as an obstacle to trade between the two neighboring nations. Brazil, which in 2010 was the fourth largest global car market, said on Thursday that would impose non-automatic licensing the import of vehicles, fueled by the strength of its currency, a move that affects shipments from Argentina, Mexico, Japan and United States, among others.

Argentina's Minister of Industry, Debora Giorgi, has released his letter to his Brazilian counterpart, Fernando Pimentel, which recalls that the mutual trade is favorable to Brazil, which had a surplus of 1,200 million dollars (850 million euros) in the first quarter of 2011. Also reported that unsuccessfully attempted to communicate with Pimentel.

Giorgi had called on Thursday Brazil's decision as "untimely" because it affects 50 percent of bilateral trade, which exceeded U.S. $ 30,000 million (21.256 million euros) last year. Brazil Argentina sold about 7,000 million dollars (4.959 million euros) between motor vehicles and parts in 2010.

Both countries maintain a trade dispute overlap from last February, when the government of Cristina Fernández adopted more restrictions on imports to care for a shrinking trade surplus. In his letter to Pimentel, Giorgi defended the restrictions on imports. "The measures taken and the Argentine government could take, either to protect trade, trade monitoring or customs investigations are part of a whole in the WTO agreements and are not target any particular country and Brazil alone, whom we consider a strategic partner, "he said.

In the note, Giorgi recalled that Argentina is the main buyer of Brazilian industrial goods and that the Government seeks to balance trade with Brazil. He also indicated that there are "many problems" of Argentine producers to enter the Brazilian market, including the mentioned threats to the export of olive oil, rising costs for exporters of wine, failure to place a quota milk dust, among others.

He also noted that Brazil does not hear their orders to participate in projects for the 2014 FIFA World Cup and Olympic Games 2016. "Argentina has asked to participate in public works related to the 2014 World Cup and the Olympics in 2016, still without a satisfactory outcome," said Giorgi.

No comments:

Post a Comment