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Thursday, March 1, 2012

Argentina fires first salvo in UK trade war

Argentina edged towards a full ban on British goods today by calling on firms to boycott them in the escalating row over the Falklands islands.

Industry minister Debora Giorgi telephoned the bosses of about 20 companies to urge them to replace imports from Britain with goods produced elsewhere.

Business leaders in Argentina voiced fears that the move was the start of an aggressive new attack on the nations' bilateral trade relations.

Radicals armed with clubs and paint bombs have already attacked two British businesses in Buenos Aires. The boycott demand has so far been limited to Argentinian importers.

But national and multi-national exporters to Britain are now bracing themselves for a call to stop trade as tensions between the two nations rise in the run-up to the 30th anniversary of the Falklands conflict.

Argentina said its imports from the UK rose by more than 40 per cent last year. It imported £385 million worth of goods between January and November. Read More