December 15, 2017
Sunday, January 5, 2014

Uruguay minister: Trade with Argentina will never be same again

Uruguayan Industry, Energy and Mining Minister, Roberto Kreimerman, asserted today that his country would try to soothe disputes with Argentina in order to reestablish trade relations, while also recognising that commercial activity may never recover between the nations.

The politician explained that even though Uruguay has adopted an attitude of negotiation against the trade barriers erected by its neighbouring country, "bilateral trade will never return to previous levels, this is true.

"That is not only for things that Uruguay can negotiate, but also due to Argentina herself which is going through a tough time," Kreimerman affirmed.

The minister continued by admitting that some Uruguayan industries had been hit by commercial restrictions imposed across the Río de la Plata.

"It is clear that there are industries that are suffering and we must be able to recover trade. Basically paper, clothing and foodstuffs which is difficult because [in Argentina] there is a greater internal competition," he remarked.

"There are not too many problems and we still have good autopart exports," he added, stating that despite government attempts to diversify the economy, "The businesses that are still exporting to Argentina do not have many alternatives now."
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Tags:  Argentina  Uruguay  prices  trade dispute  

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