The Italian Prime Minister warned that opening up to these imports “determines a need to reconsider the entire regulatory apparatusand we find this issue in state aid and in the Stability Pact,” according to the ANSA news agency.
“There is the conviction that the Commission should temporarily review the rules that have accompanied us these years”added Draghi, referring to the tariffs, subsidies and quotas with which the EU limits imports from countries such as Argentina or Brazil.
After a sharp drop in imports, Argentina had a trade surplus with Brazil for the first time in 4 years
“We must reorient our supply sources, which means building new business relationships”, considered the Italian premier. He also anticipated that if the EU economy were to weaken due to the crisis, “it will be necessary to take a budget policy responsenot at the level of national budgets, but it must be a European response”.
Source: Ambito
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