| Publication |
2012.
|
| Summary/Abstract |
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.
|