The Argentina Sworn Declaration is one of the main documents from the Argentina's constitutional process. It contains the basic provisions concerning the formulation and implementation of the Constitution of the nation. The document also defines the roles and obligations of this legislature, executive, and the judicial organs of the country. Additionally, this is a crucial piece of legislation that will define the modalities of the country's political system. The basic purpose of this declaration is to ensure that the interests of all sectors of the society have been safeguarded.
The record 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 nation. What's more, it also gives notice to other countries the government won't engage in war. The state then declares its intent to observe and respect the obligations set forth in the Treaties of Mutual Cooperation and Friendly Relations. It undertakes to provide information to its own neighbors concerning its arrears and also to refrain from interfering in their internal affairs. Last, but not least, the record verifies that it reserves the rights and abilities to settle international disputes through peaceful means.
Argentina has claimed that the declaration does not apply to its overseas debts. Therefore, it was able to make a deal with its creditors and restructure its debt from 2021. However, the United States still considers Argentina as a currency illegally under the FTAA notification. It requires Argentina to resolve all of its outstanding foreign debt prior to implementing the announcement. In doing this, it would make the US-Argentine relationship a great deal more difficult.
The US also objects to the way Argentina is using the funds from the International Monetary Fund (IMF). This assertion was supported by the European Union. The European Union thinks that the money that is lent into the country by the Fund was misused and so it will be recalled from the finance. The Permanent Chamber of Commerce of Argentina is also of the opinion that Argentina has not implemented steps required to prevent itself from becoming a money manipulator. It also notes that the measures announced are temporary.
Argentina's foreign ministry insists that there will be no restrictions on commerce with South American countries that haven't joined the Buenos Aires Community of Nations. He also noted that this was only a first step. He expects bilateral talks with all the other South American countries to advance smoothly. Meanwhile, the authorities in Argentina says that bilateral talks should not exclude the presence of the troika or the European Commission. Argentina welcomes the fact that the troika has expressed concern over the Argentina Uruguay trade relations.
The Argentina Sworn Declaration caused quite a stir among the neighboring countries and the international community. There was an unprecedented reaction from the international community. Some nations claimed that the statement is null and void and that it violates international law. On the other hand, others welcomed the declaration as a positive step towards a stable Argentina Uruguay economic partnership.