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

Brazil “Midgets” Don’t Have Same Rights, Electoral Court Rules

Brazil’s Federal Election Commission (Tribunal Superior Eleitoral – TSE) has ruled that a so-called ...

Brazzil Magazine covers

Now, Brazil Has to Create Jobs

The so-called Brazil risk factor is at its lowest since 1998 and C bonds ...

Brazzil Magazine covers

Beating as Usual

Amnesty International tells that police torture to obtain confessions is a routine practice in ...

Brazzil Magazine covers

Despite New Civil Union Law Discrimination Against Gays Will Go on in Brazil

Brazil has finally taken a huge step towards the non-discrimination of gay-union. The country’s ...

Brazzil Magazine covers

Brazilian Cattle Ranchers Losing Money Despite Growing Exports

Brazilian beef exports totaled US$ 295.8 million in June, 33% more than in June, ...

Brazzil Magazine covers

Rich in Sugar, Gold and Now Oil, Brazil Needs to Develop Its Greatest Wealth: the Brain

When Brazil became rich through the exportation of sugar, there was no way of ...