• Categories
  • Archives

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:

  • 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Your email address will not be published.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 Buries Carlos, 11. Another Victim of a Killer Police

At noon, beside a putrid canal in Rio’s Vila do João shantytown, half a ...

Is The Church Ready for a Brazilian Pope?

Brazil is the country with more catholics in the world, with a population of ...

How Arabs Helped and Continue Shaping Brazil’s Culture and Trade

Shopping in Brazil before the late 19th century meant facing a Portuguese immigrant, almost ...

Meet Ms. Vasconcelos, a Brazilian Fashion Broker

The Brazilian businesswoman from Minas Gerais, a state in the southeastern region of the ...

Brazil Sought for US$ 100 Billion Real Estate Project in the Emirates

A representative of United Marketing Group, which imports and distributes construction material and furniture ...

Brazil’s Petrobras Wins Tender for Lybian Oil

Brazilian oil giant Petrobras was one of the winners of the international tender for ...

Brazil After Cup: 250 Argentineans Stranded and 180 Ghanaians Asking for Asylum

According to Argentinean Deputy Consul in Brazil, Raul Ailán, since the end of the ...

Putin in Brazil: Plenty of Nice Words, But Beef Ban Is Still On

On Monday, November 22, during the official visit of Russian President, Vladimir Putin, Brazilian ...

Brazil Using Biometric Voting Machines After Getting Presidential Results in One Hour

Brazilian have been using electronic voting machines for 15 years. The process has been ...

Father Leonel Narvaez

Brazil Gets Same School of Pardon that Worked in Colombia

“When I arrived here on the first day of the course, I had a ...