Currencies

Brazil, Paraguay clash with Argentina over grains waterway tolls


ASUNCION, Sept 11 (Reuters) – Brazil, Paraguay, Bolivia
and Uruguay have urged Argentina to stop applying tolls for
ships and barges carrying grains and other exports, saying it
restricts navigation on a key river channel.

The four countries issued a joint statement late on Sunday
blasting as “unilateral and arbitrary” Argentina’s decision to
seize a barge from Mercurio Group, a Paraguayan shipping
company, to collect a toll, adding its actions could affect
supply and prices.

The barge was released on Monday after paying the toll, a
company spokesperson told local radio.

Argentine authorities say tolls on the Paraguay-Parana
waterway, a key transport route to the sea for inland areas of
Paraguay, Bolivia and south Brazil, are needed to maintain the
3,400 kilometer (2,110 mile) channel that ends at Buenos Aires.

Argentina’s energy minister is set to meet with Paraguay’s
foreign minister later on Monday to address the matter.

Argentina, which saw its recent soy and corn harvests
battered by drought, has imported over 7 million metric tons of
soybeans in the first seven months of this year, 51% from
Paraguay and 45% from Brazil, according to official data.

Paraguay recently announced it will go to the Mercosur trade
bloc Permanent Review Court to resolve the dispute.
(Reporting by Daniela Desantis in Asuncion; Additional
reporting by Maximilian Heath and Lucila Sigal in Buenos Aires;
Writing by Valentine Hilaire; editing by Timothy Gardner)



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