Brazil allows 11,700 Argentine cars imported in the country

One day after the meeting between Industry Minister Débora Giorgia and her Brazilian counterpart, Fernando Pimentel, Brazil allowed 11,700 Argentine- made cars into the country that had been held at the border during the bilateral trade conflict between both nations. The cars are worth US$200 million.

Yesterday, Industry Minister Débora Giorgi and her Brazilian counterpart, Fernando Pimentel, held a two hour long meeting in Brasilia in which they agreed to speed up the trade between both countries, which creates a US$ 33 billion revenue per year.

The negotiations to lift the non-automatic licenses, a type of non tariff barriers had began last week in Buenos Aires. At the height of the trade dispute Brazil prevented Argentine made cars to enter the country, as a retaliation to Argentina applying of non-automatic licenses on 529 Brazilian products, including shoes, tires and agricultural machinery.