EU/ARGENTINA : EU PLANS WTO COMPLAINT AGAINST BUENOS AIRES.
Trade Commissioner Karel De Gucht has told Argentina that the European Commission was ready to use all existing instruments to address the country's recent adoption of trade restrictive policies, following the decision by Buenos Aires to renationalise the oil company YPF, a subsidiary of Spain's Repsol. The EU could file a complaint with the World Trade Organisation (WTO) in the next six weeks, an EU source told Europolitics.
In a letter to Argentina's Foreign Affairs Minister Hector Timerman, dated 19 April and seen by Europolitics, De Gucht warns against the consequences of the expropriation of YPF. "This move sends a very...
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