The controversy of the new local trade legislation has ended now with a “good understanding” between the Argentine and Brazilian officials. The meeting was between Foreign Trade Secretary Beatriz Paglieri and Brazilian Tatiana Prazeres with the goal of discussing the new measures and looking for available solutions that can help diminish the issues inherent in the current international economic crisis.
Among other items, they are discussing the bilateral trade balance, since Brazil closed their year with a surplus of $5.8 billion.
Bad news for oil companies. Argentina implemented a fiscal incentive program in 2008 and it is now suspending those plans. This should create savings of 2 billion pesos each year. As the Planning Ministry explained, “This decision is based in the modifications of the market’s conditions in which these programmes were established in 2008.” They…
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All eyes are on the rain in Argentina today, as soybeans slid for a second consecutive day in Chicago. As Richard Feltes, a vice president of research at R.J. O’Brien & Associates, said in a report yesterday that there should be enough rain fall on at least three-quarters of Argentina’s soybean and corn crops. As…
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Argentinian corn-croppers are definitely focused on the weather at the moment – and they don’t like what they see. The La Nina weather patterns have created hot, dry conditions which are scorching recently planted crops. And that spells bad economic news for the harvest that begins in March. Last year, the corn croppers managed to…
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Argentina’s energy companies are fighting with members of the Mapuche community as they say that land exploration will cause irreversible environmental and social damage. According to the US Department of Energy, Argentina has the world’s third-largest potential reserves of unconventional gas. Jorge Nahuel, a member of the Xawvnko Area Council of the Neuquen Mapuche Confederation,…
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