InfoAnda - Exclusive: Brazil targets Argentina with trade licenses |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

The Cove activist lambasts Japan film cancellations | | 15 June 2010
Correction: Giuliani-Harassment Arrest story | 25 May 2009
Australia's PM visits troops in Afghanistan | 19 December 2008

Oliver back on Wall Street with bank crisis drama | | 14 May 2010

Forum Views () Forum Replies ()

Read more with google mobile : Exclusive: Brazil targets Argentina with trade licenses |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Editor's Choice Our best photos from the last 24 hours. See more Images of April Follow Reuters Facebook Twitter RSS YouTube Read Obama camp targets Romney firm as job-killing "vampire" 14 May 2012 JPMorgan CIO retires, Obama calls for reform | 1:02am EDT Greek leftists reject proposal for technocrat government | 14 May 2012 Iran hangs "Mossad agent" for scientist killing 2:52am EDT Olympics-Michelle Obama gets U.S. athletes and kids moving 14 May 2012 Discussed 163 Romney apologizes for bullying incident at school 152 Germany’s Merkel dealt heavy blow in state vote 148 Obesity fight must shift from personal blame: U.S. panel Watched Investors grab Groupon Mon, May 14 2012 Rebels celebrate after destroying Assad tanks Mon, May 14 2012 A look at the UK’s most beautiful face Thu, May 10 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Olympic portraits Reuters photographer Lucas Jackson captures portraits of U.S. athletes headed to the 2012 Olympic Games in London. Slideshow Weird restaurants From dining out of a toilet to dining inside a replica airplane. A look at the oddly-themed restaurants of the world. Slideshow Exclusive: Brazil targets Argentina with trade licenses Tweet Share this Email Print Related News Argentina nationalizes oil company YPF Fri, May 4 2012 UPDATE 4-Brazil takes big step toward lower interest rates Thu, May 3 2012 UPDATE 7-Bolivia nationalizes unit of Spain's Red Electrica Tue, May 1 2012 Instant View: Mad cow disease found in California Tue, Apr 24 2012 HIGHLIGHTS-G20, IMF/World Bank meetings in Washington Sat, Apr 21 2012 Analysis & Opinion Essential reading: China forces auditors to restructure; veto threat of Republican defense cuts Washington Extra – Surplus shocker! Related Topics World » Argentina » Brazil » By Ana Flor BRASILIA | Tue May 15, 2012 3:58am EDT BRASILIA (Reuters) - Brazil escalated a growing trade fight with Argentina on Monday by throwing up extra bureaucratic obstacles to import certain perishable products, a senior government official told Reuters, imperiling its involvement in a major regional trade group. The senior Brazilian government official, who spoke on condition of anonymity, said it would now be harder to import about 10 perishable products, including apples, raisins, potatoes, wheat flour and wine. While trade disputes between the two members of the Mercosur trade group are relatively frequent, the latest confrontation will raise fears of growing protectionism in South America and put the countries' trade, worth $39.6 billion in 2011, at risk. "We have been heading towards this confrontation," said Pedro de Camargo Neto, head of Brazil's Association of Pork Exporters in Sao Paulo. "Exports were practically blocked, there was no negotiation." In February, Argentina expanded import licenses and reviews for all imports. In April, average daily exports from Brazil dropped 27 percent compared to a year earlier. The dispute is becoming the biggest crisis to face Mercosur, the customs union and trade group comprising Brazil, Argentina Uruguay and Paraguay, since it was founded 21 years ago. "I don't know what Argentina will do," Camargo Neto said. "I believe Brazil will have to reconsider Mercosur." Under Mercosur accords, nearly all trade is supposed to pass freely between member countries. Argentina, which has also told local companies import licenses may be denied if they don't "balance" them with equivalent exports, says it is facing a destabilizing flood of imports. Imports and capital flows have undermined President Cristina Fernandez's efforts to expand government control of the Argentine economy. Brazil had a $5.8 billion surplus with Argentina in 2011, or an average excess of exports over imports of $484 million a month. The Argentine measures have helped cut that by a third to $328 million a month in the first three months of 2012. BRAZIL WEAKENS CURRENCY While Brazil may be concerned by Argentina's actions, it has been tightening its own defenses against imports. Blaming the United States, Europe and China for artificially keeping exchange rates low and slashing interest rates, it has moved to weaken its own currency to promote exports. On Monday, Brazil's real weakened to 2.00 against the dollar for the first time in 34 months. Brazil has also raised taxes on automakers who don't meet minimum local content rules for their vehicles as well as beefing up inspections on Chinese manufacturers. The real's decline of more than 6 percent against the dollar in 2012 is one of the steepest among the more than 150 currencies tracked by Reuters. Brazil's Finance Minister Guido Mantega has called the trade and exchange rate moves "a currency war". "We are not concerned about the real weakening," he said on Monday. "This will help slow imports and promote exports." The latest Brazilian decision will end automatic import licensing for about 10 perishable products, including some cheeses, the government official said. The Brazilian official said the measures would not affect the supply of food in Brazil, even though Argentina is one of its main suppliers of wheat. While the Brazil licensing change applies to all countries, the source said, neighboring Argentina is a major producer of the targeted imports. Inspectors have up to 60 days to consider license applications, raising the risk that cargoes will be left to rot at the border before winning permission to enter. When Brazil's cancellation of automatic licensing for car imports in May 2011 is included, about 70 percent of Argentine exports to Brazil now require a license that can take up to 60 days to receive, the Brazilian government official said. Argentina has increased import-licensing requirements on imports from Brazil and other countries, hoping to protect local manufacturers, keep its currency from weakening against the dollar, and maintain stocks of foreign exchange. Brazil is not alone in its concerns. Argentina's measures led to attacks on its policies at the World Trade Organization (WTO) by the United States, the European Union and Japan in April. The EU plans to file a formal WTO complaint, Reuters reported on Monday, citing Spanish government officials. The trade tensions with Argentina have been exacerbated by the government's decision to nationalize YPF, the local subsidiary of Spain's Repsol. The Brazilian licensing decision was made jointly by Brazil's development and trade ministries and foreign office, the government source said. A spokesperson for the trade ministry declined to comment. (Reporting by Ana Flor; Additional reporting by Jeb Blount in Rio de Janeiro and Esteban Israel in Sao Paulo; Editing by Paul Tait and Andrew Osborn) World Argentina Brazil Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 15 May 2012
Ex-Murdoch confidante to learn phone-hacking fate |
Germanophile tipped as French prime minister |
Mexico candidate blames opposition as bodies pile up |
Seven U.N. peacekeepers shot at Congo protest |
Yahoo investors applaud change, fear limbo |
Falcone's LightSquared files for bankruptcy |
Amazon aims to launch front-lit Kindle in July: source |
Sony, Panasonic plan OEL TV tie-up: Nikkei |
Facebook to close IPO books Tuesday |
Michael Jackson costumes shown on world tour |
Britney Spears, Demi Lovato are new X Factor judges |
Desperate Housewives find happy endings on TV |
Natalie Wood's Mercedes up for auction |
Iran official says talks with IAEA good, environment constructive |
Iran hangs Mossad agent for scientist killing |
Hollande to be sworn in as new French president |
Rebels kill 23 Syrian soldiers, opposition snubs Arab talks |
Iran says nuclear talks with U.N. constructive |
Similarities may push Merkel, Hollande together |
China military paper warns officers to toe party line |
U.S. mulling sending Afghanistan general to head Europe troops |
Exclusive: Brazil targets Argentina with trade licenses |
Sony, Panasonic in talks to make OLED TVs: sources |
Adobe appoints three new board members |
Yahoo investors applaud change, fear limbo |
Postal Service offers discount for smartphone codes |
New Jersey man boasts magnetic attachment to iPod |
Facebook raises IPO range, targets $12.1 billion: source |
No more monkey business at NBC, time for Revolution |
Missouri honors conservative talk radio host Limbaugh |
Greece calls new election after coalition talks fail |
Ex-Murdoch editor charged over UK tabloid scandal |
Mubarak's last premier polarizes Egypt's voters |
France's Hollande gives Sarkozy terse sendoff |
Vatican, Benetton settle dispute over pope kiss ad |
NATO invites Pakistan to Chicago summit |
Tymoshenko appeal to be heard during Ukraine's Euro 2012 |
AMD's CEO catches Intel's wave of sleek laptops |
Nokia's new cheap models bet on games, web access |
Google's Android gains share in smartphones-survey |
Gameloft sees faster growth from second quarter on new launches |
HP loses $190 million tax case against IRS |
IBM not interested in deals over $1.5 billion: CFO |
Lady Gaga gagged in Indonesia after Islamic opposition |
Cannes film festival curtain up with comedy, chaos |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01