ISDS Case Map
Argentina
Argentina faces 42 claims at the World Bank’s ICSID in which the plaintiffs are demanding compensations for almost 65 billion dollars, revealed Eduardo Barcesat legal advisor to the Argentine Treasury and one of several lawyers who has defended the country in those litigations.
The neoliberal political plan, of which BITs are an integral and specific component, is highly incompatible with the nation-state and furthermore with the national-democratic state.
During a public hearing, a member of parliament, Claudio Lozano made the request to follow in the footsteps of countries such as China, India and Brazil, all countries that have not ratified bilateral investment treaties.
It is necessary to debate these issues and raise awareness on the effects of foreign investment, on the implications of BITs and ICSID as a means of consolidating our dependency.
The Azerbaijani and Argentine foreign ministers signed an intergovernmental agreement on cooperation in trade-economic sphere.
Brazil on Monday escalated a growing trade fight with Argentina by increasing the bureaucratic obstacles for importing about 10 perishable products including apples, raisins, and potatoes, a senior Brazilian government official told Reuters.
As long as States, like Argentina and many others, accumulate a large amount of cases against them or obtain sistematically wrong results before ICSID arbitrators -- which is the rule, with a very few exceptions -- it is possible that the list of ICSID withdrawals will increase in the Americas.
The European Union has warned Argentina that it risks jeopardizing trade ties over Buenos Aires' plans to expropriate a unit of Spanish oil company Repsol YPF SA (REP.MC) and impose a series of import restrictions and that Brussels stands ready to take retaliatory action.
Argentina's move to nationalize a 51% stake in the country's YPF oil company from Spain's Repsol this week may hamper efforts to finalize free-trade talks between the European Union and the Mercosur trade bloc later this year, European officials said Friday.
President Cristina Fernández de Kirchner questioned US president Barack Obama’s recent decision to suspend trade benefits for Argentina, while complaining that “we can’t even manage to get one of our lemons to enter the US market.”
