World Bulletin / News Desk
Mexico has launched its first dispute against Argentina at the World Trade Organization, following similar complaints against Argentina by the European Union, United States and Japan, the WTO said on Monday.
The four complaints centre on Argentina's import licensing rules, which its critics say amount to a blanket restriction on imports and are one of several protectionist policies adopted by the government of President Cristina Fernandez.
The worsening of trade relations between the two Latin American countries follows Argentina's decision to pull out of a car trade pact two months ago.
Mexico's inclusion in the WTO case, which has an unusually large number of complainants, may undermine Argentina's arguments that its critics are all rich nations that are trying to restrain developing countries.
Argentina's WTO ambassador Cecilia Nahón, defending the country's policies against widespread criticism at the WTO, has also asserted that Argentina cannot be accused of restricting imports when its imports grew by 31 percent in 2011.
Dragomir Stoynev accused fellow European Union members of a politically-motivated attempt to scupper the project, and urged the bloc to understand the effect that doing so would have on its members.
The drops have come mainly because Japan did not take any cargoes in March and South Korea is not scheduled to take any shipments in April, according to the tanker data.
Japan's finance ministry and central bank have declined to comment on the payments.
But a survey shows that most people believe inflation is speeding up and could surpass 37 percent this year.
A fifth payment of $450 million was due on April 15, contingent on Iran having diluted half of its most sensitive stockpile of nuclear materials
The year-on-year inflation rate in the 18 countries sharing the euro was 0.5 percent in March against 0.7 percent in February, the European Union's statistics office Eurostat said.
Pushed by higher food and shelter costs, the consumer price index rose in March.
Country of origin labels are currently voluntary in the European Union and many of the bloc's governments want to keep it that way
While reverse flows would help cushion the effects of a Russian export cut during mild-demand summer months, analysts say they would not be sufficient in winter.
The tanker, Aegean Dignity, is due to take its load to Italy, the NOC quoted an oil official as saying in a statement on its website
TAP aims at enhancing the security of natural gas supply as well as diversification of gas supplies for the European markets.
Charlie Shrem, 24, was arrested in January and stepped down as vice president of the Bitcoin Foundation, a well-known trade group, soon after.
The religious endowments minister has ordered mosques not to run air conditioners before May 15 and after that date to use air conditioning only during prayer time
Most foreign workers in the construction and oil industries come from India, Bangladesh and Pakistan, while many domestic workers are from Indonesia and the Philippines
Lukoil has been decreasing its stake in Caspian Investment Resources Ltd, to share the costs at the projects, which require extensive financing.