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Argentina

EU’s De Gucht: Argentina Risks Jeopardizing Trade Ties
24-Apr-2012
The European Union has warned Argentina that it risks jeopardizing trade ties over Buenos Aires’ plans to expropriate a unit of Spanish oil company Repsol YPF SA (REP.MC) and impose a series of import restrictions and that Brussels stands ready to take retaliatory action.
Argentine YPF move threatens to sour EU-Mercosur trade talks
20-Apr-2012
Argentina’s move to nationalize a 51% stake in the country’s YPF oil company from Spain’s Repsol this week may hamper efforts to finalize free-trade talks between the European Union and the Mercosur trade bloc later this year, European officials said Friday.
’We can’t even manage to send a lemon to the US,’ CFK
1-Apr-2012
President Cristina Fernández de Kirchner questioned US president Barack Obama’s recent decision to suspend trade benefits for Argentina, while complaining that “we can’t even manage to get one of our lemons to enter the US market.”
US suspends Argentina from trade preference scheme
29-Mar-2012 ICTSD
Trade frictions are on the rise between Washington and Buenos Aires, after US President Barack Obama announced that the US would be suspending Argentina from its Generalised System of Preferences programme for failure to pay arbitration awards in two disputes involving US investors.
Obama says to suspend trade benefits for Argentina
26-Mar-2012
U.S. President Barack Obama said on Monday he was suspending trade benefits for Argentina because of the South American country’s failure to pay more than $300 million in compensation awards in two disputes involving American investors.
US eyes suspending trade benefits for Argentina
21-Mar-2012
The United States could soon suspend trade benefits for Argentina because of that country’s failure to pay awards in two long-running investment disputes with U.S. companies, a U.S. trade official said on Monday.
Come and get me: Argentina is putting international arbitration to the test
17-Feb-2012 The Economist
Argentina has never threatened to quit ICSID. Its government insists it is open to honouring the awards. The only delay, it says, is that the claimants have not brought their rulings to a local court for collection.
Argentina new imports’ restrictions come into effect; claims from Mercosur
5-Feb-2012
Argentina’s controversial new import restrictions came into effect on Wednesday as part of the legislation on the trading sector which gives the government bureaucracy more powers to control and restrict imports.
Argentina readies corn exports to China
5-Nov-2011 Dow Jones
Argentina hopes to start exporting corn to China in a few months but is still finalizing details of a bilateral market access agreement, a senior Argentinian official said Thursday.
Argentina joins regional free trade pact with Israel
12-Sep-2011
Argentina became the last of five South American countries to sign onto a regional free trade agreement with Israel.
Argentine ratifies trade Mercosur-Israel trade agreement
15-Aug-2011
Argentina ratified this week the free trade agreement reached between Mercosur and Israel, the first to be signed by the South American block with an outer zone party.
US firm eyes trade case to force Argentina payment
9-Aug-2011 Reuters
Azurix Corp plans to ask the Obama administration for help in recovering more than $230 million it says it is owned by the government of Argentina. It would be the first time a US company has used the "Section 301" trade law to pressure a foreign government to pay an award decided by an arbitrator in an investment dispute.
EU threatens to file lawsuit against Argentina over ’protectionism’
16-Apr-2011 Buenos Aires Herald
The European Union’s top trade negotiator, Karel de Gucht, accused Argentina of being “the great obstacle” in an association agreement between the EU and the Mercosur, and threatened to take the case before the WTO.
How Argentina torpedoed Uruguay’s FTA with the US, according to Wikileaks
11-Mar-2011 MercoPress
Although in public former Argentine president Nestor Kirchner was supportive of Uruguay’s negotiations for a free trade agreement (FTA) with the United States, members of his cabinet warned the US embassy in Buenos Aires that Argentina would block such an initiative in Mercosur, according to the contents of several Wikileaks cables published in Montevideo and Buenos Aires.
Brazil, Argentina seek to bring Cuba into Mercosur trade bloc
17-Dec-2010
Member nations of Mercosur will seek to boost economic and political ties with Cuba in a bid to make the communist island an associate member of the South American trade bloc.
Vivendi: Arbitrator Reaffirms Ruling, $105M Award Vs Argentina
11-Aug-2010
French media conglomerate Vivendi (VIV.FR) Tuesday said the International Centre for Settlement of Investment Disputes, or ICSID, reaffirmed its original ruling and financial award in favour of the company in a long-running dispute with Argentina.
Argentina scores second win in World Bank arbitration committee
3-Aug-2010 Dow Jones
The International Center for Settlement of Investment Disputes, or Icsid, dismissed the claims lodged by Enron Creditors Recovery Corp and Ponderosa Assets L.P. late Friday.
ICSID cancels another sentence against Argentina
2-Aug-2010 Buenos Aires Herald
A committee of the International Centre for Settlement of Investment Disputes (ICSID) ruled in favour of Argentina and cancelled a decision by which it had been condemned to pay more than US$106 million to shareholding companies of the local Southern Gas Conveyor (TGS)
Argentina-Brazil trade tensions rise
8-Nov-2009
Brazil’s ambassador to Buenos Aires was summoned to Argentina’s foreign ministry Tuesday amid rising trade tensions between the two South American economic powers.
Ad Hoc Committee confirms Argentina is on the hook to Azurix for US$165 Million
6-Oct-2009 IISD
Marking a final setback for Argentina in its protracted dispute with US-based water services firm Azurix Corp, on 1 September 2009 an ad hoc committee denied Argentina’s application to annul an ICSID tribunal’s previous decision awarding Azurix approximately US$165 Million for breach of Argentina’s obligations under the US-Argentina Bilateral Investment Treaty.