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Weekly Report - 22 March 2012 (WR-12-12)
Deepening trade disputes threaten diplomatic repercussions
Just over one year ago the head of the World Trade Organization (WTO), Pascal Lamy, argued at Davos that trade protectionism was “the dog that hasn’t barked” in the midst of the global economic slowdown. There are plenty of countries in Latin America that would argue that the dog is making up for lost time and is now well and truly barking – mainly in Argentina. Mexico is threatening to take Argentina to the WTO. Argentina’s recently imposed import restrictions are also causing serious tension within the Southern Common Market (Mercosur) trading bloc. Argentina is not the only culprit, of course - Brazil to a lesser extent is also battening down the hatches - but its actions are suggestive of a policy development that will impact upon far more than trade, and could deepen the country’s diplomatic isolation.
- Deepening trade disputes threaten diplomatic repercussions
- ARGENTINA: YPF on the ropes
- BRAZIL: Congress goes on the lash
- BRAZIL: Pouring oil on Chevron’s troubled waters
- VENEZUELA: Chávez slips off the pace
- BOLIVIA: Morales gives marching orders
- PERU : Humala confronts challenge of illegal miners
- MEXICO: Mexico grudgingly accepts Brazil vehicle deal
- MEXICO: Building up
- TRACKING TRENDS
- CUBA: Crackdown follows Correa’s Cartagena boycott
- PANAMA: Does Martinelli give a dam?
- TRACKING TRENDS
- Social unrest causes political unrest in Chile
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