Argentina Sworn Declaration

The Argentina Sworn Declaration is one of the principal files from the Argentina's constitutional procedure. It includes the basic provisions regarding the formulation and execution of the Constitution of the nation. The document also defines the functions and responsibilities of the legislature, executive, and the judicial organs of the country. Additionally, this is a critical piece of legislation that will define the modalities of the country's political system. The basic purpose of this declaration is to make certain that the interests of all sectors of society have been guarded.

The document starts with the President of the Republic of Argentina giving notice to the United States of America and the International Monetary Fund which they are not disinclined to accept or enter into negotiations concerning trade, economic, and monetary policies that affect the country. Furthermore, it also gives notice to additional countries that the government will not engage in warfare. The nation then declares its intention to observe and honor the duties set forth in the Treaties of Mutual Cooperation and Friendly Relations. It further undertakes to provide information to its neighbors concerning its arrears and to refrain from interfering in their internal affairs. Last, but not least, the record confirms that it reserves the rights and powers to settle international disputes through peaceful means.

Argentina has maintained that the declaration does not apply to its foreign debts. Thus, it was able to make a deal with its lenders and restructure its debt in 2021. However, the United States still considers Argentina as a currency illegally under the FTAA notification. It calls for Argentina to solve all of its outstanding foreign debt before implementing the declaration. In doing so, it would make the US-Argentine relationship much more difficult.

The US also objects to the way Argentina is utilizing the funds from the International Monetary Fund (IMF). This assertion was supported by the European Union. The European Union believes that the money that is lent to the country from the Finance has been misused and so it'll be remembered from the finance. The Permanent Chamber of Commerce of Argentina is also of the view that Argentina has not implemented steps required to prevent itself from becoming a currency manipulator. Additionally, it notes that the measures announced are still temporary.

Argentina's foreign minister insists that there'll be no restrictions on commerce with South American countries that have not yet joined the Buenos Aires Community of Nations. He also noted that this was just a first step. He expects bilateral talks with the other South American nations to progress smoothly. Meanwhile, the government in Argentina says that bilateral talks shouldn't exclude the presence of the troika or the European Commission. Argentina reinforces the fact that the troika has expressed concern on the Argentina Uruguay exchange relations.

The Argentina Sworn Declaration caused quite a stir among the neighboring nations and the international community. There was an unprecedented response from the global community. Some states claimed that the declaration is null and void and it violates international law. On the other hand, others welcomed the declaration as a positive step towards a stable Argentina Uruguay economic partnership.