ARGENTINA: Gov't Considers Unilateral Action Against Brazil
According to Argentine officials, the government is in talks with Brazilian officials and textile industry representatives to come to an agreement on the matter.
"It all depends on how the talks with Brazil go," an unnamed official told Dow Jones International News.
"In principle, we are going to try and seek an accord.
"But if we don't reach an agreement, I understand from what I am hearing that Argenina is going to take its own action to limit (Brazilian exports)."
While specific details on the planned steps were not given, the official confirmed that Argentina would not impose quotas or measures that breached Mercosur or World Trade Organisation rules.
Any measures, however, would have to be approved by economy minister Roberto Lavagna.
A meeting of the newly formed Argentine-Brazilian trade monitoring committee will take place on January 28 and 29 in Rio de Janeiro to try and resolve the issue.
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