that it accounts for 78 percent of all cases brought against G-20 countries in the World Bank's International Centre for Settlement of Investment Disputes. ICSID has issued awards totaling nearly $1 billion in cases so far against Argentina, which it refuses to respect.

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The Examiner
Obama should not reward Argentina's bad behavior
By Robert J. Shapiro
April 17, 2012
In the wake of yesterday's move by the Argentine government to nationalize the Spanish oil company YPF/Repsol, Latin America's third-largest economy has provoked a new round of sanctions and consternation from the international community. This comes after many governments and international organizations have expressed their extreme displeasure with Argentine policy over the past year.
The Office of the U.S. Trade Representative, or USTR, recently revoked Argentina's preferential trade status, citing the country's refusal to respect the World Bank and pay $300 million in restitution to American investors. As a beneficiary, Argentina exported $477 million of goods to the U.S. duty-free last year.
So egregious is Argentina's disregard for international law and covenants that it accounts for 78 percent of all cases brought against G-20 countries in the World Bank's International Centre for Settlement of Investment Disputes. ICSID has issued awards totaling nearly $1 billion in cases so far against Argentina, which it refuses to respect.

Robert J. Shapiro, co-chairman of American Task Force Argentina, is chairman of Sonecon and former undersecretary of commerce in the Clinton administration.

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