Brazil and Argentina Create Unified Front Against the IMF

Brazzil Magazine covers

The presidents of Brazil, Luiz Inácio Lula da Silva, and Argentina, Nestor Kirchner, signed, Wednesday, November 30, the Iguazú Declaration, commemorating the 20th anniversary of Brazil-Argentina Friendship Day.

The two countries renewed their pledge to seek economic and social integration, deepen the Mercosur, solidify the South American Community of Nations, and fight hunger.

Brazil and Argentina will also strive to contrive a mechanism, by the end of January, 2006, to prevent "trade imbalances and asymmetries between productive sectors in the two countries."

According to the declaration, Lula and Kirchner plan to meet with entrepreneurs from both countries in February, 2006, in São Paulo, to discuss economic and investment issues.

Lula and Kirchner also pledged to act together "vis-à-vis multilateral credit institutions" to keep these institutions from imposing conditions that hamper the adoption of job creation and social inclusion policies in their countries.

"Based on the reality of regional experience, Brazil and Argentina believe that the market does not resolve all problems and that it is indispensable to develop a common development promotion strategy, centered on a direct attack on exclusion," the declaration states.

In the declaration the two presidents also determined that their energy and planning ministries arrange with Venezuela to proceed with studies for the construction of a natural gas pipeline linking the three nations. A panel of experts will meet to debate the matter in Caracas, Venezuela, in December.

Brazil-Argentina Friendship Day was established in 1985 by former presidents José Sarney (Brazil) and Raul Alfonsí­n (Argentina), who were present at the Puerto Iguazú commemorations.

Agência Brasil

Tags:

You May Also Like

Brazzil Magazine covers

We Need a Continental Plebiscite

We’ll struggle against financial capital and its insatiable interests. We’ll struggle against paying the ...

Brazzil Magazine covers

Brazil: Santa Catarina Investing US$ 765 Million in Equipment and R&D

The industries from the southern Brazilian state of Santa Catarina are planning on investing ...

Brazzil Magazine covers

Brazil’s Rousseff Discusses Brasiguayos and Smuggling with Paraguay President

Dilma Rousseff and Fernando Lugo, the presidents of Brazil and Paraguay, met to discuss ...

Brazzil Magazine covers

How Much Will Brazil Grow in 2012? 2.5%, Says Central Bank, 1.81%, Say Other Banks

When compared to May, Brazil’s GDP rose 0.75% in June. This is growth as ...

Brazzil Magazine covers

For Brazil, Doha’s Failed WTO Talks Are Still Very Much Alive

Brazilian ambassador Roberto Carvalho de Azevedo, the leading negotiator for Brazil in Geneva, stated ...

Brazzil Magazine covers

Brazil’s Gol Announces Plan for 101-Aircraft Fleet

Brazilian Airline Gol announced today that it has increased its number of firm orders ...