Political Risk Latin America Blog @PolRiskLatam

Brazil and Argentina try again to reach an agreement on bilateral trade

Posted in News and Articles, Political Risk by politicalrisklatam on December 11, 2009

by Merco Press, December 11, 2009.

Brazil and Argentina are currently discussing the possibility of reducing the number of products subject to the so called non automatic import licences which has been obstructing bilateral trade and causing a rift between Mercosur’s largest partners.

A brief statement from the Argentine Ministrires of Production and Industry states that both countries “have reaffirmed their commitment to strengthen trade links”.

The Bilateral Trade Committee which is meeting this wseek in Sao Paulo “verified a quicker pace in the approval process for non automatic import licences which are implemented by both countries, and both sides are committed to continue advancing on that path”, according to an official release from negotiators.

The text also revels that the Committee has advanced in the agenda which is being preparaed for the official meeeting of Economy and Industry ministers from both countries scheduled for the beginning of February, as was agreed during the last meeting of Presidents Lula da Silva and Cristina Kirchner in Brasilia…(continue reading)

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