Mercosur Exports Record US$ 135 Bi. Brazil’s Share Is 71%

    Mercosur (Brazil, Argentina, Paraguay, and Uruguay) exports reached US$ 135,6 billion in 2004, a record figure since its creation in 1991. The information comes from Mercosur Secretariat director, Brazilian Reginaldo Braga Arcuri.

    Arcuri’s information is based on data from the Centro de Estudios Bonaerense (CEB), a Buenos Aires economic analysis institution.


    This number was 27% higher than that of 2003, when exports reached US$ 106 billion. Brazil was responsible for US$ 96,47 billion in 2004, which represents 71% of the total.


    Trade among Mercosur countries resumed historical levels, attaining US$ 17 billion.


    “This demonstrates that, from whatever angle one analyzes the Mercosur’s evolution, first the institutional angle, then a more strictly political view, and finally the economic aspect, the Mercosur is solid, has advanced, and is taking advantage of this moment of macroeconomic stabilization and of advances in the contacts among private actors,” observes Arcuri.


    For him, export increase is related to several aspects: All four countries, beginning in 2002, adopted a floating exchange rate, devalued their currencies to “more realistic” levels, and sought fiscal equilibrium by adopting “an important strict budget control.”


    Furthermore, Arcuri mentions the national programs to support exportation, joint commercial promotions, and conquest of new markets for the group’s products.


    “There was a growth in purchases by some of the powerhouses of the global economy, as well as by traditional buyers such as the United States and the European Union. Japan also experienced a slight recovery, and above all else, China is currently an avid consumer of goods that our countries produce.”


    Translation: Andrea Alves


    Agência Brasil

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazil Hailed as Model in Ethanol in International Encounter

    Brazilian ethanol production was mentioned in the majority of the lectures given, January 23, ...

    Brazil Selling Products Overseas For Quality and Not Low Price Alone

    The participation of Arab countries as destinations for Brazilian machinery and equipment exports is ...

    DCs: the Long Arm of Brazilian Business in Europe and the US

    After Miami, Lisbon, Frankfurt and Dubai, Brazil is also operating a Distribution Center (DC) ...

    Brazilian writer Paulo Coelho

    Paulo Coelho Talks About Brazil’s Violence and Sounds Gloomy and Hopeless

    Worldwide bestseller and Brazil's best-known writer overseas, novelist Paulo Coelho, the author of The Alchemist, ...

    Brazil’s Embraer Sells Less Planes, But Still Makes Record US$ 3.8 Bi

    Brazilian aircraft manufacturer Embraer released on Friday, March 31, their balance for 2005. Considering ...

    Deodoro da Fonseca, Brazil's first president

    A Call to Arms from a Brazilian in Exile

    Following its independence from Portugal in 1822 the political entity called the “Empire of ...

    Brazil Inflation at 3.4% for First Semester

    Brazilian inflation as gauged by the Broad Consumer Price Index (IPCA) amounted to 0.25% ...

    Let’s Speak of Brazilian Flowers and Mulattas

    In the 60s, my mother, a countryside primary education school teacher, who little or ...

    Inflation fear in Brazil

    With High Inflation and Low Growth Brazil Doesn’t Know What to Do With Its Interest Rate

    Brazilian analysts believe Brazil’s central bank will leave its benchmark interest rate unchanged at ...