With Exports to Argentina Cut in Half Brazil Threatens Retaliation

Jul 4, 2009
 

The Brazilian government is thinking about filing a complaint at the World Trade Organization against Argentina. Brazil charges Argentineans with delaying in issuing import licenses for Brazilian goods. This is what Brazil's Foreign Trade Chamber Secretary Lyntha Spindola says. Brazil is concerned by a 43% annual drop in exports of textiles, shoes, home appliances, furniture and some car parts to Argentina in the first half of 2009, Spindola said in a Bloomberg Television interview on Friday. Brazilian officials claim their Argentine counterparts are taking too long to issue permits to import goods, trimming demand for Brazilian products. Brazilian exports to Argentina totaled US$ 17.6 billion last year. Brazil is Argentina's main trading partner. "The government is studying reciprocity measures and may even go to the WTO if... [read full story]                    

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