In Argentina, red wine exports to balance Porsche imports
In Argentina, red wine exports to balance Porsche imports
Apr 1, 2011 6
About 100 Porsches are imported to Argentina each year. Now the country wants to keep a positive trade balance by having the value of the imported luxury cars matched by red wine exports.Porsche is currently enjoying record profits after a two-year downturn, but the export-reliant company has hit a pothole in Argentina.
Buenos Aires-based Porsche importer Grupo Pulenta has signed an agreement obligating it to export several hundred bottles of red wine for each car it imports, the Argentine government announced Wednesday.
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