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Argentina accuses U.S. of
intending to scrap preferential
treatment
Argentine President Nestor
Kirchner on Tuesday strongly
criticized Washington for
intending to call off the
preferential trade treatment to
some countries, including
Argentina, saying the intention
is in retaliation against those
countries.
Kirchner said the U.S. intention
aimed to punish those which did
not support Washington on issues
concerning the American Free
Trade Area and the world trade
negotiations.
However, Argentina is an
independent nation, which
pursues an independent foreign
policy, and will not bow to the
U.S. pressure, the president
said.
It is reported that the U.S.
administration is considering
abolishing the preferential
treatment to 13 countries,
including three Latin American
nations -- Argentina, Brazil and
Venezuela.
The U.S. adopted the
preferential treatment program
in 1967 that waived import
duties on thousands of products,
and up to now, 3,400 products
from 133 countries are enjoying
the treatment.
The Argentine export to the U.S.
totaled 4.4 billion U.S. dollars
in 2005. Export which will be
affected by the change is
estimated at 616 million
dollars, accounting for 15
percent of the total Argentine
export to Washington.
Analysts here said the U.S. move
will have little impact on the
total Argentine export.
But it is a new protectionist
measure pursued by the U.S.
after its failure in the Doha
Round of talks on trade
liberalization and will damage
the interests of some developing
countries, they said.
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