Macri flies to Brazil for a first face to face meeting with Bolsonaro
Tuesday, January 15th 2019
Macri's Argentina, in recession, needs to tap into Brazil's recent growth to boost its exports which since 2013 have been slowing Macri's Argentina, in recession, needs to tap into Brazil's recent growth to boost its exports which since 2013 have been slowing
Some analysts say the economic openness advocated by Bolsonaro could negatively impact Argentine companies. Some analysts say the economic openness advocated by Bolsonaro could negatively impact Argentine companies.
Argentine President Mauricio Macri will hold talks with his new Brazilian counterpart Jair Bolsonaro on Wednesday likely to center on consolidating trade ties between South America's two biggest economies, officials said. Battling recession and seeking re-election this year, Macri needs to boost Buenos Aires's side of a steep trade imbalance with its main trading partner.
Argentina is seeking to tap into Brazil's recent growth to boost its trade balance, after trade with its neighbor fell from nearly US$ 76 billion in 2013 to US$ 58 billion in 2018.
GDP growth in Brazil is expected to reach 1.3% for 2018, amid forecasts of 2.5% in 2019.
Read more at: http://en.mercopress.com/2019/01/15/macri-flies-to-brazil-for-a-first-face-to-face-meeting-with-bolsonaro
Bolsnaro has probably said more outrageous things than Trump but on the other hand, seems rather steady. With him, talk appears to have been that. Just talk.
