Argentina and Brazil agreed Thursday to abide by the 60-day retention period applied to products affected by non automatic tariff trade barriers and accelerate trade in the agricultural sector with the purpose of overcoming the conflict that erupted mid May and had virtually frozen bilateral operations.
Brazilian President Dilma Rousseff launched an ambitious plan to eliminate dire poverty in Brazil within four years by lifting more than 16 million people from conditions of misery.
Argentina’s second- biggest soybean producer Los Grobo, plans to transfer some assets to a new company and sell shares of the business in an initial public offering in Brazil.
Relying on the expected growth of the oil and gas industry in Brazil and the influx of new rigs and floating production, storage and offloading, FPSO, in the Brazilian offshore market, British manufacturer, Rolls Royse is set to make a 60 million US dollars investment in a new plant to build energy modules for offshore rigs.
Brazil's environment agency gave its definitive approval Wednesday for construction of the Belo Monte hydroelectric dam, a controversial 17 billion US dollars project in the Amazon that has drawn criticism from native Indians and conservationists.
Mercosur members Brazil and Paraguay harvested unprecedented soy crops this year while Argentina’s results are disappointing limiting its exports, according to the latest report form Hamburg based Oil World.
The Brazilian congress passed the rules for the election by political parties of Mercosur parliament representatives, which beginning 2014 are to be chosen by popular vote.
Uruguay and Brazil pledged Monday to continue strengthening the bilateral relation and regional integration through Mercosur and Unasur, after presidents Jose Mujica and Dilma Rousseff delegations signed fifteen cooperation agreements in Montevideo.
French Finance Minister Christine Lagarde pledged to push reforms to give Brazil and other emerging economies more influence at the International Monetary Fund as she kicked off a worldwide tour to win support for her candidacy to lead the global lender.
Argentine Industry Minister, Debora Giorgi, and her Brazilian counterpart Fernando Pimentel will meet this Thursday in Brasilia in order to discuss a possible solution for the trade conflict currently affecting Brazil and Argentina