Tool to Protect Argentina from Brazilian Invasion Pleases Lula and Kirchner

Despite complaints of Brazilian entrepreneurs, the Presidents of Brazil, Luiz Inácio Lula da Silva, and Argentina, Néstor Kirchner, consider that the bilateral safeguard agreement between both countries, called the Competition Safeguards Mechanism (MAC), strengthens the Mercosur.

According to a note issued by the Press Service of the Brazilian Presidency, Kirchner called Lula to celebrate the success of the negotiations within the estimated deadline (January 31st).

Kirchner said that the agreement represents a message of optimism for the future of the Mercosur. Lula expressed his satisfaction with both countries demonstration of improvement in the political, economic and commercial arenas.

Lula reiterated that the progress in the relationship between the two countries contributes for the integration of South America.

The safeguard mechanism had been proposed by Argentina in 2004. The country affirms it needs such a tool to protect its local industry from an "invasion" of Brazilian products.

ABr

Tags:

Ads

You May Also Like

The Best Pages of Our Lives

Which are the best books produced by the Brazilian literature this century? A panel ...

Brazil Calls EU’s New Immigration Pact Violation of Human Rights

The Brazilian government is telling the world that the recent decision by EU's Justice ...

The Engagement

I look at my portrait on the wall. Time gnaws and destroys peoples faces. ...