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Brazil and Argentinanegotiate$600 million export agreement

The governments of Brazil and Argentina have unveiled that the Development Bank of Latin America and the Caribbean (CAF) is currently evaluating a new mechanism to secure Brazilian exports destined for its neighboring country. This subject wasdiscussedduring the visit of Argentina's Economy Minister, Sergio Massa, to Brasilia, where he had meetingswith Brazil's Finance Minister, Fernando Haddad, and President Luiz Inacio Lula da Silva on Monday (August 28). Noticias relacionadas: Brazil proposes ensuring exports to Argentina in Chinese currency. Brasil da la bienvenida a los seis nuevos miembros de los Brics. Due to a scarcity of U.S. dollars, Argentina has been facing challenges in buying Brazilian-manufactured goods, particularly in the automotive parts sector, which serves as a crucial component in the production of vehicles subsequently exported to the Brazilian market itself. Argentina's Finance Minister saidin a statement to journalists at the Planalto presidential palace: "With the backing and assurance provided by the Latin American Development Bank, known as CAF, we are instituting a $600 million financing instrument to facilitate Brazilian exports to Argentina. This also has a ripple effect on the financing of Argentine exports to Brazil. For every $600 million worth of imports Argentina procures from Brazil, $600 million reciprocate from Argentina to Brazil, primarily in the automotive sector, due to the seamless integration and synergy between our respective automotive industries." As a result, Finance Minister Haddad's earlier proposal for Argentina to settle its imports from Brazil in China's currency, the yuan, is currently on hold. Additionally, the sum guaranteed in this proposal was a modest BRL 140 million, significantly lower than the pact currently under scrutiny by CAF. The Latin American Development Bank is slated to deliver its final decision in September. Haddad further expounded, "Banco do Brasil will underwrite the exports of Brazilian enterprises, with CAF stepping in as a counter-guarantor for Banco do Brasil. There is even a possibility that we may not need to tap into the Brazilian export guarantee fund, which is held by the National Treasury, in conjunction with the Export Financing and Guarantee Program, Proex." Facilitating cargo transportation Sergio Massa also conveyed to the press that Brazil and Argentina are resuming their bilateral maritime transportation agreement. The transportation of goods between ports in both countries is expected to be preferably conducted via vessels registered in one of the two nations, ensuring market reserves to invigorate the merchant navies of both countries. This accord was temporarily suspended in 2021, under the previous Brazilian administration. In another significant development, Sergio Massa announced the renewal of the agreement between Santo Tome (Argentina) and Sao Borja (Brazil), two cities that share an international bridge which serves as the primary gateway for land-based trade between the two countries.

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New financing deal reached for trade between Argentina and Brazil

Argentina's Economy Minister and presidential candidate Sergio Massa Monday announced after a meeting with his Brazilian colleague Fernando Haddad and with President Luiz Inácio Lula da Silva that an agreement had been reached to finance imports worth US$ 600 million, among other achievements.

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Brazil and Argentinanegotiate$600 million export agreement

Brazil and Argentinanegotiate$600 million export agreement
chinanationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinanationalnews.com Daily Mail and Mail on Sunday newspapers.

Santo-tome , Corrientes , Argentina , United-states , China , Brazil , Brasilia , Distrito-federal , Argentine , American , America , Brazilian

Brazil agrees export financing deal with Argentina

Brazilian Finance Minister Fernando Haddad and Argentina's Economy Minister Sergio Massa announce agreement to fund Brazilian exports to the tune of US$600 million.

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Brazil and Argentinanegotiate$600 million export agreement

Brazil and Argentinanegotiate$600 million export agreement
argentinastar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from argentinastar.com Daily Mail and Mail on Sunday newspapers.

Santo-tome , Corrientes , Argentina , China , Brazil , United-states , Brasilia , Distrito-federal , American , Argentine , Brazilian , America

Brazil and Argentinanegotiate$600 million export agreement

Brazil and Argentinanegotiate$600 million export agreement
beijingbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from beijingbulletin.com Daily Mail and Mail on Sunday newspapers.

Brazil , Santo-tome , Corrientes , Argentina , United-states , Brasilia , Distrito-federal , China , Brazilian , America , American , Argentine

Brazil and Argentinanegotiate$600 million export agreement

Brazil and Argentinanegotiate$600 million export agreement
haitisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from haitisun.com Daily Mail and Mail on Sunday newspapers.

Brasilia , Distrito-federal , Brazil , Argentina , Santo-tome , Corrientes , China , United-states , American , Brazilian , America , Argentine

Secretaria da Saúde vacina crianças nas escolas de São Borja contra a poliomielite

Busca ativa será mantida até o dia 3 de outubro

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Secretaria de Desenvolvimento Social de São Borja desenvolve projetos e apela por doações

As doações podem ser levadas diretamente na secretaria

Sao-borja , Rio-grande-do-sul , Brazil , Bianca-andrade , Secretariat-of-development-societal-sao-borja , Secretariat-of-development-societal , Centers-of-reference , Development-societal , Dish-solidarity , Hospital-ivan , Tomorrow-leonel-coke , Restaurant-folk

Rio Grande apresenta desaceleração na taxa de contaminação por Covid-19, aponta estudo da Furg

Rio Grande apresenta desaceleração na taxa de contaminação por Covid-19, aponta estudo da Furg
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