Brasilia, 2 May (Prensa Latina) Brazilian President Luiz Inácio Lula da Silva is here today with his Argentine counterpart Alberto Fernández to discuss bilateral trade issues and the implementation of the cooperation agreements signed in recent months.
Official circles point out that in this sense there are cooperation agreements in areas such as defense, health and science, which are part of the revitalization of a strategic alliance between the respective states.
Lula will receive Fernández at the Palacio de la Alvorada, the President’s official residence.
The newspaper O Tempo, citing sources from the Ministry of Social Communications, assures that the founder of the Labor Party is also expected to propose a credit model for Brazilian companies that sell products to importers from the neighboring state.
He pointed out that the visit was due to the economic and financial crisis in Argentina, which had led to a fiscal imbalance in that country with a loss of purchasing power among the population and a devaluation of the peso.
On April 27, Lula and Fernández sealed the meeting via video call.
According to the ex-union leader, they were also discussing the Union of South American Nations (Unasur), a bloc that Brazil rejoined in April.
On his first trip abroad in the third semester, Lula went to Argentina and Uruguay.
During his time in Buenos Aires, he held bilateral talks with Fernández and attended the VII Summit of the Community of Latin American and Caribbean States.
The day before, the Treasury’s Executive Secretary, Gabriel Galípolo, told the chain GloboNews that they have been studying for some time how to issue this export credit “given the restrictions in Argentina’s balance of payments that are in place today”. “
He pointed out that the lack of such a mechanism to boost exports to the neighboring country has resulted in a $6 billion loss of bilateral trade space over the past five years, which China has occupied by providing alternative means of payment.
He explained that the National Bank for Economic and Social Development of Brazil has extensive experience in financing exports and that it will be crucial in the process.