Argentina’s Recovery Boosts Brazil Trade

Mercosur commerce is part of the reason that Brazil has been running historical trade surpluses, says the coordinator for Integration at the Ministry of Development, Industry and Foreign Trade, Elaine Fontes.

At the moment trade in the block is up 57%, mainly to economic recovery in Argentina. From January to May, Brazilian exports to Argentina total led US$ 43.4 million, an increase of 27% over the same period last year.


Fontes went on to say that Brazil and Mercosur are riding a worldwide tendency to move ahead on multilateral fronts.


“What that means is that multiple agreements can exist side by side, without interfering. A lot of people think the FTAA (Free Trade Area of the Americas) will dissolve Mercosur, but that is not true,” she explained.


Fontes pointed out that Mercosur is negotiating various agreements at the moment with a number of countries, such as Canada, Panama and Venezuela, for example.


The big news in Mercosur, says Fontes, are structural funds that will finance infrastructure investments.


ABr

Tags:

You May Also Like

Pushed by Soy and Sugar Brazil’s Agribusiness Exports Jump 11% in 2006

Agribusiness sales in Brazil grew 16% in the month of March when compared to ...

Brazil’s Northeast: The Largesse of the Destitute

Severina Ferreira do Nascimento, 71, is next in line. When her name is called, ...

TV Brasil Airs Arab Summit to the World

At 9 this morning, the International Public Channel, TV Brasil, began its coverage, in ...

Brazil Finds Light Oil Offshore. 150 Million Barrels This Time

Petrobras, the Brazilian state-controlled oil multinational announced this Monday, July 14, that it had ...

Brazilian Officials and Exporters Discuss Red Tape and Other Nuisances

Brazil promotes today and tomorrow, November 22 and 23, the 27th National Foreign Trade ...

Brazil’s Underpayment of Energy Is Strangling Paraguay

Fernando Lugo, Paraguay's President elect and Uruguayan President Tabare Vazquez agreed to work jointly ...

Brazil: We Saw the Future. It Wasn’t Good.

The Day of the Teacher, the day of the future, must be a day ...

No More Rigid Coalitions: Brazilian Congress Ends Party Piggybacking

By a vote count of 329 to 142, Brazil’s Chamber of Deputies approved, Wednesday, ...

Brazil’s Community Pharmacies Sell Drugs Up to 90% Cheaper

By the end of this year, the Ministry of Health is expected to inaugurate ...

Every Brazilian Player Is in Shape to Start World Cup Practice

Ronaldo is expected to be in good physical condition when Brazil begins its pre-World ...