Argentina’s restrictions on imports exacerbate Chinese inflation

Argentine media reported that the WTO expressed concern about the situation of the increasingly severe inflation in Argentina, that the foreign trade restrictive measures taken by the Argentine government on prices in the 21st increases caused greater pressure.

 

The WTO said in a Argentine foreign trade policy and practice periodic assessment report, the Argentine government export products in the domestic price stability through taxes and export quota system, but adopted a series of restrictive measures in respect of import policies, resulting in increased import costs imported commodity prices, exacerbated by domestic inflation situation.

 

WTO Argentina Trade Policy 2006-2011 and data analysis pointed out that the feedback from the reference period of the data can be seen, the significant increase in non-tariff trade restrictive measures taken by the Argentine government, which is the main import and export registration and importers license system, and most trade policies serve short-term goals, resulting in the unpredictable nature of the policy.

 

Assessment Report for the WTO, the International Economic Relations Department of the Ministry of Foreign Affairs of Argentina, issued a press release responded by saying that the trade policy adopted by the Government There is nothing wrong, since 2003, the Argentine economy has experienced a period of rapid growth, the social development indicators improving.

 

Analysts believe that the the Argentine industrial system assembly process, the majority rely on imported machinery and equipment, semi-finished products, foreign exchange and import controls of the Afghan government increasing the import costs of production, and the resulting increase in production costs and then push up commodity prices, some enterprises such as Hardware Manufacturers due to the increased costs to cut or stop production, increased the gap between supply and demand also pushed up commodity prices.

 

Affected by the financial crisis, the sharp drop in Argentina’s foreign trade export capacity, to ensure the trade surplus to maintain the official exchange rate stability, the Albanian government has taken a series of import restrictions, trade protection measures, especially since February 2011, the Albanian government unveiled up to 40 items, including anti-dumping duties for Food & Beverage suppliers and some other heavy industry manufacturers, the implementation of the non-automatic import licensing system, making Argentina’s increasingly tense trade partnership with Europe and the United States and Japan.

 

Since 2009, Argentina’s economy began to get down, economic growth in 2012 fell to about 2.2%. To stimulate economic growth, the Afghan government to expand public expenditure and additional monetary stimulus, public spending, leading to a surge in inflationary pressures. Non-governmental advisory body announced last year the Argentine inflation rate of 25.6%, ranking first in the Latin American countries.