• 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Your email address will not be published.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

The Best Pages of Our Lives

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

Kyly, Brazil’s Cool Kid Clothes Maker Looking for Hot Countries

The company Malhas Kyly, from the southern Brazilian state of Santa Catarina, specialized in ...

Sugar and Alcohol Help Brazil Agro Exports Reach Record US$ 41 Billion

Brazilian agribusiness exports reached US$ 48.2 billion in the last 12 months, a value ...

Brazil Wants a More Competitive War Industry

Brazil’s Vice-President and Minister of Defense, José Alencar, claimed yesterday that Brazilian companies that ...

A researcher from Butantan institute in São Paulo, Brazil

Brazil Produces Cheaper and More Potent Avian Flu Vaccine

Butantan Institute, an organization connected to the Secretariat of Health of the State of ...

Brazil President’s Complaints in Germany and Now to Obama Are Not Making Her Friends

Brazilian president Dilma Rousseff, at the meeting yesterday at the White House with president ...

Brazil’s Veja Gives Another Show on Bad Journalism and Bigotry

Veja magazine’s (number 1925, October 5, 2005, pp. 78-86) latest cover story, under the ...

A Brazilian Globo TV network soap opera

Through Globo TV Lenses Brazil Is a White Dreamland

For approximately a year now I have been a subscriber to Rede Globo Internacional ...

The Classic Brazilian Tunes That Keep the World Turning On

Usually around the close of the old year, or near the beginning of a ...