Spain, November 17, 2012
Today, the Foreign Minister Héctor Timerman met with his Spanish
counterpart
Jose Manuel Garcia-Margallo in Cadiz. This is the first official
meeting since the conflict triggered by the nationalization of 51% of
YPF. The meeting took place in the framework of the Summit of Cadiz.
For his part, the president was absent from the summit due to health problems, so Argentina was represented by Vice President Amado Boudou and the foreign minister.
Last week Garcia-Margallo said that “there is room” to find a “negotiated solution” to the conflict.
On the other hand, he said “we do not
dispute the right of Argentina to nationalize a strategic sector”.
However considered that “it must be done through a regulated procedure
and paying a fair price.”
It may be recalled that the government
of Mariano Rajoy waits for a resolution of the Investment Committee of
the OECD which is stipulated for December. The case is also being tried
in the World Trade Organization (WTO) and the World Bank agency called the International Centre for Settlement of Investment Disputes (ICSID).
Source: m24digital
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