| ID | 119858 |
| Title Proper | Turning porsches into Malbec |
| Language | ENG |
| Author | Schmall, Emily |
| Publication | 2012. |
| Summary / Abstract (Note) | Buenos Aires-Only in Argentina. Porsche exports olives and Malbec wines. Mitsubishi has a hand in peanuts, and BMW, after an eight-month hiatus from Argentina, agreed last October to swap rice, leather, and auto parts.
Argentina's tough import restrictions, designed to help the central bank maintain a stable exchange rate by controlling the amount of foreign currency in circulation, require companies to send out as much as they bring in. Since her re-election in October, President Cristina Fernández de Kirchner has forced companies to repatriate profits and pay higher taxes on imported materials, interrupting the production chain and reducing trade, according to a July note by Goldman Sachs. |
| `In' analytical Note | World Policy Journal Vol. 29, No.3; Fall 2012: p.97-97 |
| Journal Source | World Policy Journal Vol. 29, No.3; Fall 2012: p.97-97 |
| Key Words | Buenos Aires ; Argentina ; Porsche ; Malbec Wines ; Cristina Fernandez de Kirchner ; Trade ; Foreign Currency |