Boudou: 'regulation of commodities is not a possible aim'

Economy Minister Amado Boudou warned that the “regulations of the commodities prices is not a possible aim,” after the G20 encounter held in Paris.

During a press conference in Paris, the official highlighted that the regulation “would go against the aim of improving the alimentary security, because the quantity of the food supply would decrease.”

France had proposed an accord on the regulations of raw materials prices due to the numerous rises of these products during the last months.

Referring to the agreement reached by the members of the G20 over the evaluations on global economic policies, Boudou assured that they “are happy that this kind of debates are useful to progress.”

“There are solid discussions and, even though we sometimes want to make progress faster, things are moving forward.”

The official said that Argentina “supported the French proposal of achieving a new monetary and financial international order.”