ARGENTINA’S PROTECTIONIST MEASURES HURT AUTO EXPORTS AND IMPORTS
July 1st, 2012
BY JONATHAN GILBERT, IN BUENOS AIRES
ARGENTINA'S protectionist economic policy and controls on imports are causing difficulties for car manufacturers across South America. Auto production is falling in the country - to a certain extent, because parts are being held up at customs - and overseas producers have taken action by cancelling exports.
Last week, Argentina-based Socma, an affiliate of Chinese manufacturer Chery Automobile, threatened to close its assembly plant in Canelones, Uruguay, because of Argentina's tightening import restrictions. Under ACE-57, a ...
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