Argentina closer to becoming Brazil’s second trade partner

Monday, September 13th 2010 - 04:03 UTC

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Bilateral trade is expected to reach 34 billion USD

Argentine trade with Brazil in 2010 is going to increase significantly and could replace United States as the second most important importer of Brazilian goods, said Foreign Affairs minister Celso Amorim.

According to the Brazilian official bilateral trade with Argentina in 2010 is poised to reach 34 billion US dollars, which would make Argentina Brazil’s second most important importer of goods and services, only behind China.

Amorim made the statement during a conference in Geneva before European and United States military officers and security experts in the framework of an event organized by the London based International Institute for Strategic Studies, IISS.

According to the Brazilian press, during the conference on ‘world security and the new distribution of power’, Amorim mentioned the advance of relations with Argentina and the growing regional integration process.

He also mentioned that the Free Trade Area of the Americas sponsored by Washington, which was finally “boxed” in 2005, was only looking to consolidate Latin America as “the backyard of United States”.

Amorim is also scheduled to meet with Pascal Lamy, Director General fo the World Trade Organization and Navanethem Pillay, head of United Nations Human Rights High Commissioner.

Categories: Economy, Antarctica, Brazil.

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Fernando_A
“growing regional integration process” ...I love those words

“the Free Trade Area of the Americas sponsored by Washington, which was finally “boxed” in 2005, was only looking to consolidate Latin America as “the backyard of United States” ...see what I mean???

I'm always right, I must be Argentine
Sep 13th, 2010 - 04:15 am 0
Forgetit87
The FTAA aim was to compensate for the huge trade deficit the US has - and already had at that time - with East Asia. Had it been ratified, LatAm national industries would likely have been destroyed by unrestricted competition with US industries. And after US aims had been reached - to compensate for trade deficit and to eliminate competition in LatAm - that country would like abandon the treaty.
Sep 13th, 2010 - 12:04 pm 0

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