ARGENTINA AND NEIGHBORING COUNTRIES SEEK AGREEMENT ON THE PARANÁ-PARAGUAY WATERWAY CONFLICTO

The country will not impose embargoes or injunctions for a period of 60 days.

At an extraordinary meeting of the Intergovernmental Committee of the Paraná-Paraguay Waterway, a negotiation space was opened between Argentina and its neighboring countries Bolivia, Brazil, Paraguay and Uruguay, in order to address the dispute over the toll that Argentina charges on the stretch of the waterway under its administration, reports El Litoral.

As confirmed, Argentina agreed not to impose embargoes or judicial interdictions on vessels representing the signatory countries for a period of 60 days. The measure seeks to ease tensions and allow a space for discussion.

It is important to note that, according to current toll regulations, Argentine-flagged vessels have the possibility to pay the toll in their local currency, while foreign vessels face a fee of US$1.47 per net registration. The latter amount has raised concern, as it would result in a significant increase in navigation costs, with annual charges estimated to reach US$40 million.