Lula Calls for Mutually Beneficial Relations Between Brazil and Argentina

Brazilian President Luiz Inácio Lula da Silva said that Brazil and Argentina have an interest in overcoming their trade differences, and he observed that temporary imbalances between the two economies are normal.

Lula met today with the Argentinean President, Nestor Kirchner, in the Planalto Palace, in the Brazilian capital Brasí­lia.

The Brazilian President emphasized that an effort must be made for economic relations to be "mutually beneficial."

"Occasional imbalances in such an intense relationship are normal, but it is not in the interest of either Brazil or Argentina for these asymmetries to become structural," he remarked.

Lula recalled that bilateral trade between the two countries surpassed US$ 16 billion in 2005. According to the Brazilian president, Brazil is currently the chief market for Argentinean exports, which amount to around US$ 5 billion, and is the fourth largest investor in Argentina.

"It is a trade involving quality on both sides, with a heavy presence of manufactured goods, contributing to the industrialization of our economies," he affirmed.

"Brazil’s exports to Argentina are concentrated in intermediate and capital goods, which are essential for sustaining Argentina’s vigorous growth," he added.

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Your email address will not be published.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

Brazil and US Waiting for the Other to Blink First on WTO Talks

Brazil signaled this week it would take a tough stance in talks to save ...

Blackouts in Brazil Are History, Says Lula

Speaking at the inauguration of four new turbines at the TucuruÀ­ power plant in ...

Dilma’s Legacy: Dealing with Lula’s Remnants of Corrupt Aides

Dilma Rousseff approaches the anniversary of her inauguration as Brazil’s president at the beginning ...

Brazil and Mercosur Offer to End All Tariffs for Poorest

Brazil and its Mercosur partners are ready to offer unrestricted market access, free of ...

With US$ 30 Billion Petrobras Singlehandedly Revives Shipbuilding in Brazil

Petrobras, the Brazilian state-controlled oil multinational, announced plans to order 40 drilling ships and ...

Consumption in Brazil Grows 3.1%

Since March, 2004, Brazilian families have been consuming more. This finding is part of ...

Will Argentina Roar Again?

The fact that the IMF has gone out of its way to help Brazil, ...

Brazil Petrobras Blames Operational Problems For Lower Oil Production

Brazil’s oil giant Petrobras’ average daily petroleum and natural gas production, domestically and abroad, ...

Red Light for Interests in US Gives Green Light to Brazilian Bulls

Latin American stocks were mixed to higher, with Brazilian shares gaining, as sluggish U.S. ...

Lula Calls Brazil’s Dental Condition Shocking

Brazil’s President Luiz Inácio Lula da Silva, speaking to the nation on his fortnightly ...