EU sues Argentina for measures for imports

The President of Argentina, Cristina Fernández, laid down measures on imports that have generated criticism in Europe.

The European Union demanded Argentina before the World Trade Organisation (WTO), throwing to impose their restrictions on imports. The EU said that Argentina has measures in place restrictive, including a non-automatic import licensing regime and companies the obligation to compensate with exports imports.

"Argentina import restrictions against international trade rules violate and need to be removed, the Commissioner for trade, Karel de Gucht, said cited a statement by Reuters."

"These actions cause damage to EU businesses, hurting jobs and our economy as a whole, real" he added.

The statement note is taken that linked the presentation not directly related to the nationalization of the largest oil company in Argentina, YPF, a subsidiary of the Spanish Repsol.

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"You call it with the vernacular, depending on the size you have everything we said, approve the so in time AFIP to do so, at the official exchange rate, to sell, that is, what we are interested in us", said Telefe channel to the TV.

For his part, instructions, the controversy caused the owner information financial unit (UIF), José Sbatella, admitted that these restrictions provided for the preference of the Argentines by the greenbacks, put an end to areas.

"By hook or by crook we need monetary policy sovereignty to recover," he said.

The official added that "the Dedollarization which requires limiting the ease Argentina things were done".

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But many analysts believe that the measures introduced by the Government is not part of a patriotic initiative, but a necessity: you get $ to pay the growing import of fuels and public debt, which between interests and maturity of capital will represent a commitment of $ 12 billion in 2012.

"The Government wants to anticipate of a more adverse global arena to the care of the box this year", believed the journalist Gustavo Sylvestre, political analyst of the America Channel 24.

There are several limitations with a view to the countryside: in addition to the international scene more hostile and the problem of the issue of $ Argentina faces has difficulties in accessing the capital market yet, which were based after the bulky default of not, regularised in a their situation in 2001.