IBOV 177,704 ▲ 2.87% IPSA 11,032 ▲ 0.06% IPC MEX 66,608 ▲ 0.76% MERVAL 3,255,912 ▲ 1.67% COLCAP 2,295.36 ▲ 0.11% BVL PERÚ 56,194.27 ▲ 1.09% USD/BRL5.11▼ 0.14% USD/MXN17.49▼ 0.35% USD/CLP924.62▼ 0.33% USD/COP3,247▼ 2.86% USD/PEN3.39▼ 0.31% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.07% BRENT 75.89 ▼ 0.54% WTI 71.28 ▼ 1.11% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.05% GOLD 4,112 ▼ 0.44% SILVER 60.02 ▼ 0.60% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.26 ▼ 0.78% PETR4 39.50 ▲ 0.74% VALE3 74.51 ▲ 1.86% ITUB4 44.27 ▲ 3.94% BBDC4 18.84 ▲ 4.67% ABEV3 15.90 ▲ 1.15% BBAS3 20.64 ▲ 3.20% B3SA3 15.49 ▲ 4.73% WEGE3 46.56 ▲ 1.79% PRIO3 55.34 ▼ 0.49% SUZB3 41.48 ▲ 1.10% RENT3 40.94 ▲ 3.91% AZZA3 19.23 ▲ 4.17% CSAN3 4.02 ▲ 4.15% RAIZ4 0.36 ▼ 2.70% PCAR3 2.78 ▲ 0.72% GMAT3 3.97 ▲ 1.02% PSSA3 54.55 ▲ 2.25% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 3.64% SLCE3 14.05 ▲ 1.89% NATU3 8.55 ▲ 1.06% BRKM5 6.60 ▲ 3.77% RANI3 8.02 ▲ 2.04% CSNA3 5.19 ▲ 8.13% CMIN3 5.12 ▲ 6.00% USIM5 8.44 ▲ 1.08% GGBR4 22.90 ▲ 1.87% ENEV3 27.33 ▲ 4.31% CPFE3 47.72 ▲ 3.09% CMIG4 11.34 ▲ 2.35% EQTL3 40.77 ▲ 3.19% LREN3 14.71 ▲ 3.96% VIVT3 35.56 ▲ 3.07% RAIL3 14.06 ▲ 2.25% KLABIN 17.50 ▲ 0.57% RAIA DROGASIL 18.89 ▲ 4.19% RDOR3 36.04 ▲ 2.53% HAPV3 10.59 ▲ 5.16% FLRY3 16.40 ▲ 4.13% SMTO3 16.23 ▲ 1.12% UGPA3 30.59 ▲ 1.63% VBBR3 32.78 ▲ 2.12% BBSE3 40.30 ▲ 2.60% BPAC11 58.83 ▲ 5.66% CURY3 34.14 ▲ 4.40% AERI3 2.08 ▲ 0.97% VIVARA 23.55 ▲ 4.30% COMPASS 24.97 ▲ 1.18% VAMOS 3.08 ▲ 4.05% SANB11 27.51 ▲ 4.80% ASAI3 8.87 ▲ 4.85% SBSP3 31.06 ▲ 3.53% WALMEX 49.43 ▲ 0.84% GMEXICO 198.74 ▲ 1.74% FEMSA 223.03 ▲ 0.30% CEMEX 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SILVER 60.02 ▼ 0.60% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.26 ▼ 0.78% PETR4 39.50 ▲ 0.74% VALE3 74.51 ▲ 1.86% ITUB4 44.27 ▲ 3.94% BBDC4 18.84 ▲ 4.67% ABEV3 15.90 ▲ 1.15% BBAS3 20.64 ▲ 3.20% B3SA3 15.49 ▲ 4.73% WEGE3 46.56 ▲ 1.79% PRIO3 55.34 ▼ 0.49% SUZB3 41.48 ▲ 1.10% RENT3 40.94 ▲ 3.91% AZZA3 19.23 ▲ 4.17% CSAN3 4.02 ▲ 4.15% RAIZ4 0.36 ▼ 2.70% PCAR3 2.78 ▲ 0.72% GMAT3 3.97 ▲ 1.02% PSSA3 54.55 ▲ 2.25% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 3.64% SLCE3 14.05 ▲ 1.89% NATU3 8.55 ▲ 1.06% BRKM5 6.60 ▲ 3.77% RANI3 8.02 ▲ 2.04% CSNA3 5.19 ▲ 8.13% CMIN3 5.12 ▲ 6.00% USIM5 8.44 ▲ 1.08% GGBR4 22.90 ▲ 1.87% ENEV3 27.33 ▲ 4.31% CPFE3 47.72 ▲ 3.09% CMIG4 11.34 ▲ 2.35% EQTL3 40.77 ▲ 3.19% LREN3 14.71 ▲ 3.96% VIVT3 35.56 ▲ 3.07% RAIL3 14.06 ▲ 2.25% KLABIN 17.50 ▲ 0.57% RAIA DROGASIL 18.89 ▲ 4.19% RDOR3 36.04 ▲ 2.53% HAPV3 10.59 ▲ 5.16% FLRY3 16.40 ▲ 4.13% SMTO3 16.23 ▲ 1.12% UGPA3 30.59 ▲ 1.63% VBBR3 32.78 ▲ 2.12% BBSE3 40.30 ▲ 2.60% BPAC11 58.83 ▲ 5.66% CURY3 34.14 ▲ 4.40% AERI3 2.08 ▲ 0.97% VIVARA 23.55 ▲ 4.30% COMPASS 24.97 ▲ 1.18% VAMOS 3.08 ▲ 4.05% SANB11 27.51 ▲ 4.80% ASAI3 8.87 ▲ 4.85% SBSP3 31.06 ▲ 3.53% WALMEX 49.43 ▲ 0.84% GMEXICO 198.74 ▲ 1.74% FEMSA 223.03 ▲ 0.30% CEMEX 21.87 ▲ 0.74% GFNORTE 187.70 ▲ 1.27% BIMBO 55.99 ▲ 0.11% TELEVISA 9.72 ▲ 2.42% AMX 22.94 ▲ 1.33% GAP 413.45 ▼ 0.07% ASUR 286.99 ▲ 1.19% OMA 236.50 ▼ 0.63% KOF 181.59 ▲ 0.38% GRUMA 283.62 ▲ 0.47% KIMBER 38.26 ▼ 0.47% SQM-B 68,124 ▼ 1.41% COPEC 6,000 ▼ 0.33% BSANTANDER 78.47 ▲ 1.25% FALABELLA 5,894 ▲ 0.73% ENELAM 85.00 ▲ 1.00% CENCOSUD 2,036 ▼ 1.00% CMPC 1,110 ▲ 1.45% BANCO CHILE 188.38 ▲ 0.74% LATAM AIR 26.17 ▼ 0.87% YPF 74,100 ▼ 2.21% GGAL 8,275 ▲ 5.01% PAMPA 5,155 ▼ 0.96% TXAR 668.00 ▲ 0.53% ALUAR 979.00 ▲ 1.08% TGS 9,510 ▲ 2.15% CEPU 2,343 ▲ 1.21% MIRGOR 17,025 ▼ 1.02% COME 45.85 ▲ 0.95% LOMA NEGRA 3,550 ▲ 1.50% BYMA 313.00 ▲ 1.05% TELECOM ARG 4,190 ▲ 1.70% ECOPETROL 15.55 ▲ 1.04% BANCOLOMBIA 83.51 ▲ 3.19% GRUPO AVAL 5.06 ▲ 0.80% CREDICORP 401.83 ▲ 2.53% SOUTHERN COPPER 176.20 ▲ 1.01% BUENAVENTURA 30.12 ▲ 1.93% MERCADOLIBRE 1,878 ▲ 3.86% NUBANK 13.88 ▲ 1.53% XP 17.03 ▲ 3.75% PAGSEGURO 9.31 ▲ 3.44% STONE 11.24 ▲ 2.51% GLOBANT 30.00 ▼ 4.12% TECNOGLASS 44.26 ▲ 2.60% GAP AIRPORT 236.42 ▲ 0.83% ASUR 286.99 ▲ 1.19% OMA AIRPORT 108.26 ▼ 0.06% AMX ADR 26.17 ▲ 1.28% FEMSA ADR 127.66 ▲ 0.52% CEMEX ADR 12.51 ▲ 1.09% PETROBRAS ADR 17.18 ▲ 0.85% VALE ADR 14.55 ▲ 2.29% ITAU ADR 8.67 ▲ 4.71% SANTANDER BR 5.43 ▲ 5.54% AMBEV ADR 3.09 ▲ 1.48% CSN 1.03 ▲ 7.36% GERDAU 4.50 ▲ 2.04% LATAM ADR 57.17 ▲ 0.22% BTC 63,873 ▲ 1.08% ETH 1,789 ▲ 2.53% SOL 77.62 ▼ 0.55% XRP 1.10 ▲ 0.65% BNB 576.46 ▲ 1.41% ADA 0.17 — 0.00% DOGE 0.07 ▲ 1.47% AVAX 6.75 ▲ 1.00% LINK 7.92 ▲ 2.44% DOT 0.87 ▲ 5.81% LTC 44.58 ▲ 1.86% BCH 246.20 ▲ 3.54% TRX 0.33 ▼ 0.61% XLM 0.19 ▲ 2.52% HBAR 0.07 ▲ 0.11% NEAR 1.90 ▼ 1.17% ATOM 1.58 ▲ 2.14% AAVE 95.30 ▲ 4.43% 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Argentina Business - Brazil

Argentina urges WTO to “eliminate distortions” in trade of agri-bioindustrial products

By · November 26, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – This was a joint declaration with Brazil, Chile, Paraguay and Uruguay, signed by Argentina’s Julián Domínguez and the ministers of the agricultural portfolios of the Southern Agricultural Council. A common position was established with regard to the agricultural and fisheries negotiations at the 12th WTO Ministerial Conference.

The Ministry of Agriculture, Livestock and Fisheries, together with the equivalent ministries of Brazil, Chile, Paraguay and Uruguay, urged the World Trade Organization (WTO) to “move forward with speed and determination” to obtain concrete results in the process of “reforming the rules governing agricultural trade” during the XII Ministerial Conference to be held in Geneva from 30 November to 3 December.

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In this regard, the Undersecretary for Policy Coordination, Ariel Martínez, stressed that work is being carried out “in close coordination with the Ministries of Agriculture of the region” and emphasized that “what we agreed for the WTO is an extension of the work we have already done for the Food Systems Summit, the G20 and COP26 where President Alberto Fernández has clearly stated that agribusiness is part of the solution to the challenges of sustainability.”

The Declaration of the Southern Agricultural Council (CAS) urged the WTO to “create more equitable conditions for international trade” and “eliminate the distortions currently in force” (Photo internet reproduction)
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“We need to continue building regional positions in the face of the challenges posed by the agenda for the coming years. We need clear and undistorted rules of the game to take advantage of the full potential of our sector,” Martínez added.

The Declaration of the Southern Agricultural Council (CAS) urged the WTO to “create more equitable conditions for international trade” and “eliminate the distortions currently in force.”

“It will be necessary to make substantial improvements in market access for agricultural products, which continue to be affected by tariff and non-tariff barriers that have no scientific basis,” said the document, which was signed by the national minister, Julián Domínguez, together with Teresa Correa da Costa Dias (Brazil), María Emilia Undurraga (Chile), Santiago Bertoni (Paraguay) and Fernando Mattos (Uruguay).

They also stressed “the importance of having a fairer, more transparent, predictable and equitable international trade system” as a “central tool” to contribute to the food security of all the peoples of the world, improve the living standards of producers and strengthen the social, economic and environmental sustainability of agro-bio-industrial production.

In this context, the CAS member countries called for a 50% reduction in production subsidies by 2030. They also called for “substantial improvements in market access” for agri-bio-industrial products.

They also raised “the importance of concluding the Agreement on Fisheries Subsidies to prohibit certain forms of subsidies that may contribute to overcapacity and overfishing and eliminate those that contribute to illegal, unreported and unregulated fishing.”

The Southern Agricultural Council represents, as a whole, 12% of the world’s exports of agro-bio-industrial products. It has a fundamental contribution to global food security.

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