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:

You May Also Like

Fitch Examines How the Global Crisis Is Hitting Brazil

According to a new report by Fitch Ratings, the global credit crisis has exposed ...

Beyond City of God

As if from an Asian swell there has been a rising tide of Brazilian ...

Acivities in Santos, Brazil and LatAm’s Larges Port, Shrink 16%

World’s slowdown in 2009 had an impact on the activity of the main ports ...

Brazil Is Ready to Play

We want reciprocal free trade. Our export efforts will be worth nothing if the ...

Brazilians Are Paying 54% a Year in Interest for Personal Credit

Brazil's National Financial System volume of credit reached 1.085 trillion reais (US$ 669 billion) ...

Brazil’s Bebel Back and Bouncy

One needs to listen to no more than a few verses of Bebel Gilberto’s ...

Brazilian Senator Explains the Lessons Greece Taught the World

The year 2011 was the year of Greece. More than Ireland, Iceland, Spain, Portugal ...

Brazil’s Machinery Industry Fell 18% in 2009, But There Are Signs of Recovery

Brazil’s capital goods industry posted revenues of 64 billion Brazilian reais (US$ 34.8 billion) ...

Lula and Brother, Two Paths in Brazilian Politics

Two brothers were close companions throughout their lives. Only a few years apart in ...

Brazil Embraer’s New Baby Flies on Alcohol

The Neiva Aeronautical Industry, a subsidiary company of the Brazilian airplane manufacturer Embraer, delivered ...