Brazilian president Luiz Inacio Lula da Silva will be arriving Monday for a one day fence mending visit to Uruguay where together with President Tabare Vazquez they will be addressing an agenda with several controversial issues
Brazil has named a strong critic of the country's Central Bank strict (and controversial) monetary policy as representative before the International Monetary Fund, IMF, according to a release from the Finance Ministry.
Differences within Mercosur are an inevitable result of deepening relations among its five members, said Brazil's Foreign Affairs minister Celso Amorim interviewed by the Financial Times but admits there might be casualties among junior members dissatisfied with the functioning of the trade block launched in 1991.
Despite ongoing violence that has shaken Rio de Janeiro for months, the Brazilian city on Wednesday said it expects 700,000 tourists for its world-famous Carnival celebrations this year.
Brazil posted a 4.32% of GDP primary surplus in 2006 compared to 4.83% in 2005 revealed the country's Central Bank. The savings are equivalent to 41 billion US dollars.
Brazil will pay about 11% more for natural gas from Bolivia under a deal presidents Lula da Silva and Evo Morales signed Thursday in Brazil and that could resolve a year of tense relations between the South American nations.
Brazilian state oil company Petrobras said yesterday fourth-quarter profit fell 36 percent, hit by higher production costs that its chief executive said were worrisome.
Brazil described as childish and amateur Bolivia's indication that it may cancel a scheduled presidential bilateral summit, if Brazil does not pay more for Bolivian natural gas.
Brazil will continue working to eliminate obstacles which have effects on Mercosur junior members, Uruguay and Paraguay, said the country's Foreign Affairs minister Celso Amorim.
Ahead of US President George Bush's visit, Brazil announced plans to invest almost 5 billion US dollars over the next 10 years into biotechnology research involving renewable energy, agriculture and rain forest pharmaceuticals.