Sunday, 15 April 2012

CFK and Obama agree to solve trade differences

 
President Cristina Fernández de Kirchner and US President Barack Obama agreed to work upon trade differences, "which in no way conform are the central aspects of the bilateral relationship" as they met in Cartagena de Indias, Colombia as they take part of the 6th Summit of the Americas.
Foreign Minister Héctor Timerman and presidential spokesman Alfredo Scoccimarro also said that both Heads of State agreed on the fact that the trade relation must be handled by experts and that any existing differences will be worked upon.
“Even if differences may exist, they in no way will be the centre of the bilateral relationship. Other matters, including international terrorism, scientific endeavors and the environment are more important,” the government officials assured.
The meeting. which was requested last Thursday by US officials, was attended by Secretary of State Hillary Clinton and Senior Director for Western Hemisphere Affairs Dan Restrepo.
Fernández de Kirchner arrived to Cartagena at 9.30 pm (local time), 11.30 pm in Argentina, and spoke briefly to the Argentine press before entering the hotel where she is staying.
The Argentine President stated that she felt “very happy to be in Colombia, because it brings me many happy memories,” while highlighting the efforts ex-president Néstor Kirchner made in order to obtain peace between Colombia and Venezuela.
Obama also arrived in Cartagena yesterday afternoon to the Rafael Nuñez international airport.
With the arrival of the 33 heads of state from the region, Colombian officials were providing a massive security operative involving more than 18 thousand police for the summit.

Thursday, 12 April 2012

Argentina to cut government subsidies


Argentina's government says it will cut subsidies to help the country deal with the world economic crisis by shaving approximately $933m worth of support for big companies and wealthy citizens.

The price of electricity, water and gas are expected to go up by as much as 300 per cent in some areas.

Over a month ago Cristina Kirchner Fernandez was re-elected as Argentina's president in a landslide election. She promised in her campaign to vut high government spending.

However, she is facing a struggling economy as the global slowdown reduces demand and prices for Argentina's major exports like corn and soybeans.