Argentina adds import restrictions to 200 goods

Despite serious trade spats in the past with major trade partners China and Brazil, Argentina has slapped new import restrictions on 200 goods in a bid to protect its domestic industry after a 46 per cent surge in imports last year.The government said it was applying non-automatic licences to the new list of goods, which includes consumer electronics, top-range cars, textiles, glass, bicycle parts and metallurgical products. The affected items are from sectors in which the government says “national production can meet demand and where investment has been made and it is strategic to preserve (the sectors’) development”. Read Article FT.com