• Categories
  • Archives

Brazil Accepts Paraguay’s Demand and Pays US$ 21 Million a Year for Energy

Brazil’s President Luiz Inácio Lula da Silva went to Montevideo, where he participated in the opening session of the 29th Mercosur Summit Meeting on Friday, December 9.

The Brazilian President had arrived in the Uruguayan capital the previous day and had a meeting with the President of Paraguay, Nicanor Duarte.

According to the Brazilian Minister of Foreign Relations, Celso Amorim, who went also to Montevideo, two agreements have been signed with Paraguay.

The first agreement has to do with the construction of a bridge between the two countries. The project should cost around US$ 50 million, and, according to Amorim, the Brazilian government will pay for the cost.

Amorim also explained that the other agreement involves a long-time Paraguayan demand. According to Amorim, the Brazilian government will contribute with another US$ 21 million annually to the Paraguayans for the electricity generated by the Itaipu hydroelectric plant.

Regarding Venezuela’s entry as a full-fledged member of the Mercosur, Amorim commented that it will be "important and will help balance" the bloc. There is an expectation that Venezuela will emerge from this meeting as a "member in the process of adhesion."

The president of Venezuela, Hugo Chavez, told reporters that he already "considers himself part of the Mercosur."

On his trip to Montevideo, President Lula was accompanied by the ministers of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, and of Mines and Energy, Silas Rondeau.

Agência Brasil

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Your email address will not be published.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

Obama Increases Pressure on Brazil to Get Boeing’s F-18 Fighter Planes

The United States is still very interested in selling 36 F-18 fighter planes to ...

Chinese pencils, garlic, fans… Brazil Bars This and Much More

China suffers the largest number of trade protection measures applied by Brazil. 12 of ...

A French Touch

A roar made the house shake. A blood cascade gushed over the man! The ...

Brazil Sides with Bolivian Morales and Says Civil War Should Be Avoided

The Brazilian government will not accept any attempt to overthrow the government in Bolivia ...

Brazil Pans US and Clinton’s Role in Honduras Coup d’í‰tat Crisis

The Foreign Minister of Brazil, Celso Amorim called last weekend US Secretary of State ...

Brazil-Argentina Automotive Accord Opens Door to Mercosur Free Trade

Brazil’s Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, received a show ...

Delta Closes US$ 400-Million Deal with Brazil’s Embraer

Embraer, Brazilian aircraft manufacturer, announced that Republic Airways Holding ordered another 16 units of ...

The Real Thing

When Bush talks about "leaving no child behind," you can as much as see ...

Saudi National Soccer Team Willing to Go Training in Brazil

Saudi Arabia's deputy minister for Youth Welfare, prince Nawaf Bin Faiçal Bin Abdul Aziz ...

Brazil Triples Output of Research Papers

The number of science and engineering papers published by Brazilian researchers in leading international ...