Tool to Protect Argentina from Brazilian Invasion Pleases Lula and Kirchner

Despite complaints of Brazilian entrepreneurs, the Presidents of Brazil, Luiz Inácio Lula da Silva, and Argentina, Néstor Kirchner, consider that the bilateral safeguard agreement between both countries, called the Competition Safeguards Mechanism (MAC), strengthens the Mercosur.

According to a note issued by the Press Service of the Brazilian Presidency, Kirchner called Lula to celebrate the success of the negotiations within the estimated deadline (January 31st).

Kirchner said that the agreement represents a message of optimism for the future of the Mercosur. Lula expressed his satisfaction with both countries demonstration of improvement in the political, economic and commercial arenas.

Lula reiterated that the progress in the relationship between the two countries contributes for the integration of South America.

The safeguard mechanism had been proposed by Argentina in 2004. The country affirms it needs such a tool to protect its local industry from an "invasion" of Brazilian products.

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Your email address will not be published.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’s Adman Involved in Corruption Has 79 Different Accounts in 9 Banks

Brazilian House Representative Gustavo Fruet, assigned the task of reporting on financial activities for ...

Hypochondriacs They Are Not! 77% of Brazilians Call Selves Healthy or Very Healthy

IBGE, the Brazilian bureau of statistics, has just released the 2008 edition of its ...

Brazil and Nigeria Drop the Middleman in Oil Deals

Brazilian President Luiz Inácio Lula da Silva and the President of Nigeria, Olusegun Obasanjo, ...

Espí­rito Santo to Become Brazil’s Number 2 Oil Producer

The southeastern Brazilian state of EspÀ­rito Santo is working to become the second greatest ...

Brazil’s Thor Has 20 Mines to Supply Overseas Marble Market

Brazilian company Thor Granitos main aim for 2009 is to guarantee the maintenance of ...

Brazil Triples Payment for Itaipu’s Energy. Some Think It’s Too Little

On an amicable solution to a decade long dispute over a hydro-electric dam on ...

Brazil Confident Congress Will Not Halt Due to Corruption Probes

The head of Brazil’s Secretariat of Institutional Relations, minister Jaques Wagner, had a meeting ...

Number of Brazilians Dead in Haiti Earthquake Rises to 20

In Brazil, spokespersons for the Brazilian Air Force (FAB) have denied any problems with ...

Lebanese Celebrate 125 Years of Life in Brazil

Brazilian President, Luiz Inácio Lula da Silva, opened yesterday the commemorations of 125 years ...

Brazil Sends High-Level Team to London to Probe Death of Brazilian Killed by Police

The Brazilian government expressed indignation over new information published in the media about the ...