The Mudcat Café TM
Thread #64990   Message #1067699
Posted By: Escamillo
08-Dec-03 - 05:18 AM
Thread Name: BS: The Dollar: How Low Will it Go???
Subject: RE: BS: The Dollar: How Low Will it Go???
PDQ, in fact if we had the same business volume with the U.S. as Canada has, the weakness of the dollar would be very bad, because US products would compete with our exports, and even with our local products. But for Argentina, where the volume is not so large, and the difference in currency value is so significant, our exports are strongly encouraged and compensate very well the small increment of imports from the U.S.

European products are even more expensive for us, but exports to Europe have grown 30% in one year. At this time we are exporting brooms to Canada, honey to Germany, agricultural machinery to Brazil, and a nuclear reactor to Australia. And lots of tango CDs to the world. Come and do business.

Un abrazo
Andrés