12-08-2010 16:44 Brazil
Brazil & Argentina talks on improving trade relations
BRASILIA, Aug 12 (NNN-PRENSA LATINA) - Brazil and Argentine officials are currently discussing plans to improve bilateral trade relations as part of quarterly meetings agreed upon by the presidents of both nations.
Sources with the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC) said the Brazilian delegation is led by the ministry's executive secretary, Ivan Ramalho and Argentina is led by the country's secretary of industry, trade and small and medium businesses, Eduardo Bianchi.
Welber Barral, secretary of foreign trade for the MDIC will also will take part in the fourth meeting for the year of the Brazil-Argentina Bilateral Trade Monitoring Committee.
The sources said the themes of the meeting would be trade protection, monitoring agreements between the private sectors of both countries, the business relationship between Argentina, Brazil and China, statistical harmonisation, the integration of production, non-automatic licensing of imports, analysis of bilateral trade, a list of exemptions from the Common External Tariff and agricultural issues.
Official data shows Argentina to be the third-largest destination for Brazilian exports, after China and the U.S. In the first seven months of this years sales in the country amounted to US $9.400 million, 57.3 percent above the same period last year.
With this Brazilian exports to Argentina grew from 8.6 percent to 10.6 percent of Argentina's total imports.
Similarly, Argentina is the third most important country for Brazilian imports, after the U.S and China.
Argentine imports between Jan and July this year totalled US$8 billion, 33.7 percent more than in the same period last year.