lunes, 20 de agosto de 2012

Argentina complained against biodiesel in Europe by World Trade Organization (WTO)

The World Trade Organization (WTO) confirmed on its website that it received the complaint of Argentina against Spain: "Argentina in April says Spain implemented a regulation that discriminates against imports of biodiesel from Argentina, on behalf of which occurs in the European Union ".

Argentina began officially on Friday the case against the European Union (EU) for its decision to deny entry of biodiesel and considered that the decision violates the rules of the World Trade Organization (WTO).

The Foreign Ministry had lodged a protest with the European Union by Spain's decision to limit the purchase of Argentine biofuels, a measure of popular government of Mariano Rajoy in reprisal for the nationalization of YPF, in April.

Purchases to Argentina hitherto represented 53% of imports of biodiesel in Spain: 700,000 tons, for $ 990 million.

The Argentina said the move would affect half of its biodiesel exports to Spain and almost 10% of total sales to the EU bloc.

The Foreign Ministry said yesterday that the protectionist measures taken by Spain have the effect of preventing or limiting the rise in the value chain of local industries "limiting the role of developing countries to raw material suppliers."

According to the Foreign Ministry, in recent months, Argentina wine denouncing in forums like the WTO and FAO, the negative effects experienced by the country in terms of barriers to exports.

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