ARGENTINA MINISTERY OF ECONOMY NATIONAL BUREAU OF FOREIGN TRADE INTERNATIONAL LIC. ALEJANDRA DI MARZIO 2007 WORKSHOP ON WTO TRADE FACILITACION August 15 – August 28, 2007 TAIWAN TAIWAN Sponsor: MOFA Organizer: ICDF

BRIEF OF THE ECONOMY POLICY IN THE LAST YEARS ECONOMIC ENVIROMENT ECONOMIC ENVIROMENT Deep recession  Institutional framework at risk  Redesign of the economic model

2003: NEW CONSTITUTIONAL GOVERMMENT Consolidation of the economic program Consolidation of the economic program  Fiscal solvency  Monetary prudence  Flexible exchange rates  Social inclusion  Export dynamism

RESULTS OF THE POLICIES AFTER NEARLY FOUR YEARS OF IMPLEMENTATION Strong economic growth: 9% annual increase Strong economic growth: 9% annual increase Significantly reduce of: Significantly reduce of:  Rates of unemployment  Poverty and destitution Recovery of private consumption Recovery of private consumption Revival of investment Revival of investment

TRADE POLICY Trade policy based on WTO principles and disciplines Trade policy based on WTO principles and disciplines Efforts to expand Argentina ’ s foreign trade on a sustainable basis Efforts to expand Argentina ’ s foreign trade on a sustainable basis A combination of multilateral, regional and bilateral approaches A combination of multilateral, regional and bilateral approaches It ’ s pay particular attention to the overall strategy of promoting and developing exports It ’ s pay particular attention to the overall strategy of promoting and developing exports

TRADE POLICY Trends in foreign trade 2002 – 2006 Trends in foreign trade 2002 – 2006 Significant impact on Argentina ’ s foreign trade Significant impact on Argentina ’ s foreign trade Short term: correction to Argentina ’ s external trade imbalance Short term: correction to Argentina ’ s external trade imbalance Medium term: the trade surplus in a context of strong recovery and import growth Medium term: the trade surplus in a context of strong recovery and import growth Exports growing at an average annual rate of 16% Exports growing at an average annual rate of 16% The liberalization coefficient has grown substantially since the crisis The liberalization coefficient has grown substantially since the crisis It ’ s self sustainable It ’ s self sustainable Not dependent on external financing Not dependent on external financing

TRADE POLICY The Argentina legal system The Argentina legal system As a result of the constitutional reform of 1994, international law is assigned a dominant position in the Argentina legal system As a result of the constitutional reform of 1994, international law is assigned a dominant position in the Argentina legal system International Treaties Domestic legislation

TRADE FACILITATION - WTO WTO at the Singapore Ministerial Conference in WTO at the Singapore Ministerial Conference in December 1996 The July 2004 package (WT/L/579): The July 2004 package (WT/L/579):WT/L/579 The mandate for these negotiations is set out in Annex D of that decision (“Modalities for Negotiations on Trade Facilitation”). DOHA Ministerial Declaration December 2005 DOHA Ministerial Declaration December 2005

TRADE FACILITATION - WTO Improve and clarify articles V, VIII, and X of GATT 1994: Improve and clarify articles V, VIII, and X of GATT 1994:  Art. V: Freedom of transit  Art. VIII: Fees and Formalities connected with Importation and Exportation  Art. X: Publication and Administration of Trade Regulations TN/TF/W/43/Rev.12, of 25 July 2007 TN/TF/W/43/Rev.12, of 25 July 2007  WTO negotiations on trade facilitation,compilation of members' textual proposals

TRADE FACILITATION - WTO Argentina ’ s communications Argentina ’ s communications  TN/TF/W/40 June 2005 Improve and clarify article X of GATT 1994 Improve and clarify article X of GATT 1994  TN/TF/W/41 June 2005 links between the elements of annex d links between the elements of annex d Single Windows Single Windows

2007 WORKSHOP ON WTO TRADE FACILITACION August 15 – August 28, 2007 TAIWAN Sponsor: MOFA Organizer: ICDF THANKS FOR YOUR ATTENTION