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Brazil & Southern Cone - February 2011 (ISSN 1741-4431)
ECONOMY: Brazil - Argentina's No.1 foreign investor
Just a few weeks after President Dilma Rousseff, on her first foreign
trip, was received with open arms in Buenos Aires by Cristina Fernández with
lofty mutual promises to forge “extremely close links", the Argentine
trade ministry announced a new round of import restrictions, affecting goods
from Mercosur and notably also Asia. Conscious of the damaging political impact
in São Paulo and Brasília, Argentina's industry minister Débora Giorgi hastily
agreed with her Brazilian counterpart Fernando Pimentel a 'monitoring committee'
to exclude Brazilian products from the latest measures. However, patience in
Brazil with Argentina is wearing thin.
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- ECONOMY: Brazil - Argentina's No.1 foreign investor
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