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Monday, June 20, 2011

Argentina Agrees to Allow Hyundai and Kia Imports for Peanuts � Literally�


Argentina�s exports for imports saga continues, with South Korean carmaker Hyundai agreeing to export peanuts, wine, biodiesel and soy flour to offset the US$91 million (�64 million) it added to Argentina�s growing trade deficit in 2010. Partner company / subsidiary Kia has agreed export white goods and plastics for their contribution.
The South American nation�s US$6 billion (�4.19 billion) trade deficit has already led to one Porsche distributor agreeing to export wine and olive products, while similar deals have been struck with carmakers Chery, GM, Peugeot-Citroen, Alfa Romeo, Mercedes-Benz, Volkswagen, Fiat and Ford.

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