Banner Ad
Blog

Argentina to Become Brazil’s Second-Largest Trade Partner

Brazilian Foreign Minister Celso Amorim on Saturday in Geneva announced that Argentina is on track in 2010 to become Brazil’s largest trade partner behind China, replacing the United States in second position. The announcement was shared at the eighth annual International Institute for Strategic Studies meeting.

Bilateral trade between the two Mercosur-member countries is projected to reach up to $34 billion by the end of this year. This comes despite trade relations between Argentina and Brazil being strained at times. Brazil has periodically been accused of using unfair non-tariff policies to favor its import-competing industries. Addressing the need for improved bilateral trade relations with Argentina, Amorim recently called for “a leap forward in [liberating] the services and investment sectors.”

Amorim will continue trade discussions during his European tour and will meet with Pascal Lamy, director general for the World Trade Organization.

Any opinions expressed in this piece do not necessarily reflect those of Americas Quarterly or its publishers.
Tags: Brazil, Celso Amorim, Mercosur, China, US, World Trade Organization, International Institure for Strategic Studies

blog comments powered by Disqus


Like what you're reading?

Subscribe to Americas Quarterly's free Week in Review newsletter and stay up-to-date on politics, business and culture in the Americas.