April 20, 2014
Thursday, December 5, 2013

Minister: Argentina to ease restrictions on Brazilian imports

Argentina will from next week open the doors for Brazilian imports held up on the border between the two nations, including footwear and motor vehicles, according to Brazilian Minister of Development, Industry and Foreign Trade Fernando Pimentel.

The politician affirmed to reporters from Government House in Buenos Aires that the measures were a sign of Argentina's easing import restrictions for its neighbour, the nation's most important trade partner.

"All of the goods currently held up will begin to be released from the start of the coming week," Pimentel explained today following a meeting with Cabinet Chief Jorge Capitanich and Economy Minister Axel Kicillof.

"The most important thing is that the biggest factor causing discomfort to our exporters has been resolved, they will be freed."

Argentina and Brazil have a bilateral trade market worth more than 30bn dollars a year, although the relationship has not always been smooth.

Argentina, virtually excluded from voluntary credit markets since 2002's default, operates a complex system of sworn statements on imports to uphold a trade surplus that is economically essential.

"I am very optimistic. It has been shown that there is a strong desire from the Argentine economic authorities to solve problems which really are small [compared to the value of trade]," Pimentel remarked.

The minister continued by commenting on the assumption of Capitanich and Kicillof into their new roles: "There has been a change of team here and we believe that the change was positive."

"There was never any break [in relations], but I would say that dialogue will progress from hereon with much greater vigour. The outlook is good," he concluded.
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Tags:  Brazil  Argentina  trade  Capitanich  Kicillof  

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