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Current Position:Home » News » Marketing & Retail » Retail » Topic

Brazil and Argentina mend trade fences

Zoom in font  Zoom out font Published: 2012-10-17  Origin: meattradenewsdaily  Views: 39
Core Tip: Brazil announced on Monday it had fully restored agriculture trade with Argentina which means there should be no further impediments or red tape for Argentine fruit or for Brazilian pork.
Agriculture, Livestock and Supply minister Mendes Ribeiro Filho said that the government had annulled a resolution from June which forced Argentine exporters to obtain previous authorization for the sale of apples, pears and quince to Brazil.

Likewise Argentina puts an end to all impediments for the introduction of different types of Brazilian pork cuts, which had originally triggered the conflict and now apparently solved.

Argentine ambassador in Brasilia Luis Maria Kreckler said that the success of the negotiations conducted by the Ministry of Commerce, the Embassy of Argentina in Brazil and the Ministry of Agriculture, is the result of a commitment from both governments to give priority to dialogue and confirmation of the strategic relation between both countries.

Minister Mendes Ribeiro reported that achieving consensus and understanding is the best way for both countries to grow and become stronger together, “united is far more than one plus one”.

Bilateral trade between Mercosur main partners reached a record 39.6 billion dollars in 2011, with a surplus for Brazil of 5.8 billion dollars.

However Brazilian exports to Argentina, the country’s third trade partner behind China and the US, dropped 20% between January and August because of restrictions, hurdles and counter measures imposed reciprocally. In the same period Argentine exports to Brazil contracted 7%.

 
 
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