The Government of Spain studies to eliminate Argentina’s soy bean and bioethanol imports

 

April 18, 2012

 

The nationalization of YPF would have consequences on the bilateral trade between Spain and Argentina.

The coordinator of Studies and Programs of the Partido Popular (ruling party) and spokesman on Exterior Affairs of the party, Jose Maria Beneyto, said during an interview that “the Government is studying to eliminate the soy beans and bioethanol imports from Argentina as a response to the decision of Cristina Kirchner of nationalizing YPF and taking away 57% of Repsol’s participation”.

“The Government is seeing exactly what kind of consequences would these kind of commercial retaliations have and what can be done. We have also announced the possibility of eliminating important imports from Argentina and other serious of measures”.

“We are still studying  diplomatic-cut-measures which could be adopted and they would be announced on Friday after the Minister Council. We must be prudent because the responses must be very accurate”.