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Argentina


EU threatens to file lawsuit against Argentina over ’protectionism’
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
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
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
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
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
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
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
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.
Argentina–Venezuela: CFK and Hugo Chavez signed trade agreements
President Cristina Fernandez de Kirchner qualified agreements signed with Hugo Chavez for “key sectors” such as foodstuffs, energy and technology as “absolutely necessary” and “transcendental for the 21 Century”.
Argentine crisis arbitration awards pile up, but investors still wait for a payout
It’s time for the US Department of State to pressure Argentina to comply with its treaty obligations, some lawyers suggest.
Chile: Activists try to block start of Pascua Lama mine
As Canadian mining giant Barrick Gold gets ready to start construction at the Pascua Lama mine, straddling the Argentine-Chilean border, activists in Chile are scrambling to block the ambitious mining project while calling for an investigation of supposed irregularities committed in the approval process.
Argentina takes the offensive as Siemens pleads guilty to corruption charges
Argentina has refused calls by Siemens to suspend proceedings at the International Centre for the Settlement of Investment Disputes (ICSID) in which a committee is considering Argentina’s request to revise a 2007 award, following the admission by the German firm that it had bribed Argentinean officials.
Mercosur “is virtually fractured” Uruguay admits openly
Mercosur presidential summit next week in Brazil has on the table an agenda of several highly sensitive issues that could deepen the rift between senior members Argentina and Brazil and junior members Paraguay and Uruguay, according to Uruguayan parliamentary sources.
Argentina’s protectionist policies alienate Mercosur partners
As was anticipated Mercosur senior members Argentina and Brazil proposed Friday an increase of the common external tariff, (AEC) for certain products, and as was expected junior members Uruguay and Paraguay rejected the idea.
Jordan, Argentina discuss FTA
His Majesty King Abdullah and Argentinean President Cristina Kirchner on Wednesday discussed prospects for a free trade agreement (FTA) between the two countries. They said that Jordan’s framework deal with MERCOSUR, a regional trade agreement between Argentina, Brazil, Paraguay and Uruguay, paves way for the FTA with Argentina.
Uruguay criticizes Mercosur tolerance of export taxes
Uruguay’s Economy minister Danilo Astori criticized export taxes and complained the fact Mercosur has allowed Argentina to apply them when “we all know this is a simple manipulation of the economy” which also has political effects.
Concern grows over global trade regulation
Amid the noisy battering the North American Free Trade Agreement (Nafta) is taking from both Democratic presidential hopefuls, one recent statement from Hillary Clinton was particularly resonant. "We will have a very clear view of how we’re going to review Nafta," the New York senator said. "We’re going to take out the ability of foreign companies to sue us because of what we do to protect our workers."
Uruguay-Argentina: Smoke from pulp mill clouds relations
Everything was in place for the beginning of the end of the long-running conflict: a friendlier face about to be sworn in as president in Argentina, a tiny bit of flexibility on the part of Uruguay, a few points of agreement, and a Spanish mediator appointed by the King.
Interview: Argentina seeks diplomatic exit from ICSID suits
Facing a flood of unfavorable arbitration rulings, Argentina is shifting from a legal strategy to a diplomatic one in a bid to dismiss billions of dollars in foreign investor claims arising from its 2002 financial crisis.
Sempra Energy awarded $172 million in Argentine arbitration
The International Centre for Settlement of Investment Disputes in Washington DC has awarded Sempra Energy approximately $172 million, including interest, to settle a 2002 dispute involving the company’s 43-percent ownership in two Argentine natural gas holding companies, Sodigas Pampeana and Sodigas Sur.