The world's main trading nations remain divided over a global trade deal despite a compromise plan put forward by the European Union to rescue the stalled Doha trade round, the EU's trade chief said.
European Trade Commissioner Karel De Gucht said today Argentina is in for long term consequences after sending “shockwaves” internationally with the announced plans to expropriate 51 percent of YPF shares owned by Spain-based Repsol energy company.
European Trade Commissioner Karel de Gucht expressed concern today over what he called a “growing tendency towards protectionism across Latin America” and warned Europe is preparing retaliation measures against Argentina after YPF's expropriation.