Trade and investments

The corona pandemic is not just an epoch-making health and humanitarian challenge, but in many developing countries will also translate into a protracted economic, political and social crisis. International solidarity is needed now more than ever.

Anger is widespread in Mercosur countries over free trade negotiations with the EU. It is feared that industrial jobs will disappear to make way for a commodity-exporting economy. Things are not much different in the case of EFTA.

Argentina hopes to economize US$6 billion through the pension reform adopted in December 2017. Its debts to foreign investors amount to 8.65 billion. Another 11 billion must be paid to vulture funds.

States sign investment protection agreements among themselves, multinational corporations can sue if they are violated. This is becoming ever more frequent. But more and more States are reacting by terminating those agreements.