Production and Trade
Argentina’s exports of forestry products began in the 1990s. However, as a producer of primary goods with low value added, the country experienced an overall trade deficit that ran from US$ 500 million to US$ 1 billion from 1992 to 2002. With the sharp devaluation of the peso in 2002, the exports of Argentine forest product were given a shot in the arm. Argentine goods became more attractive and exports began to increase, especially for high-value-added products. Between 2002 and 2004, exports increased from US$ 300 million to about US$ 700 million.
Read more about this topic: Forestry In Argentina
Famous quotes containing the words production and/or trade:
“The development of civilization and industry in general has always shown itself so active in the destruction of forests that everything that has been done for their conservation and production is completely insignificant in comparison.”
—Karl Marx (1818–1883)
“I have no doubt that they lived pretty much the same sort of life in the Homeric age, for men have always thought more of eating than of fighting; then, as now, their minds ran chiefly on the “hot bread and sweet cakes;” and the fur and lumber trade is an old story to Asia and Europe.”
—Henry David Thoreau (1817–1862)