Brazil, Argentina end meeting over trade legislation 'in good understanding'

The meeting between Argentine and Brazilian officials over the administration’s new local trade legislation ended in a “good understanding” between both parts, official sources assured. 

Foreign Trade Secretary Beatriz Paglieri met with her Brazilian counterpart Tatiana Prazeres in order to discuss the new measures and seek available solutions that can help minimize the effects of the current international economic crisis.

Sources said that their analysis will focus on the trade of auto parts influx first, and both parts will meet again in Brazil in two weeks.

Industry Minister Débora Giorgi also took part in the meeting, which began at around 3:30 pm at the Foreign Trade Secretariat headquarters, 

One of the most important issues to be discussed is bilateral trade balance, in which Brazil closed 2011 with a surplus of $5.8 billion.

This is the second in a series of meetings that began last Thursday, when the president of the Sao Paulo State Industrial Federation (FIESP), Paulo Skaf, met with Economy Minister Hernán Lorenzino, Foreign Trade Secretary Beatriz Paglieri, Domestic Trade Secretary Guillermo Moreno and minister Giorgi.