“What we want from and with Argentina is Mercosur, a good relation, but having democracy and freedom above all”, Brazilian president Jair Bolsonaro said on Monday. He expects foreign ministers of both countries agree on a new date for a meeting with his peer Alberto Fernández after the suggested summit in Montevideo on March 1 fell through due to the Argentina Congress opening sessions on the same day.
Brazil and Paraguay signed on Tuesday an agreement to boost autos and auto parts trade between the two countries. Under the agreement, Brazil will grant free trade treatment to Paraguayan automotive products immediately and Paraguay will allow Brazilian products to enter the country with lower taxes, which are of up to 2% and will gradually decrease until free trade conditions are met by 2022.
The presidents of Brazil, Jair Bolsonaro and Argentina, Alberto Fernández, could meet on March 1 in Montevideo, in a sign of truce after months of tension between the two heads of State. Bolsonaro made the proposal of the meeting on the occasion of the inauguration of the Uruguayan president, Luis Lacalle Pou, upon hosting on Wednesday the Argentine Foreign Minister Felipe Solá in Brasilia. During his visit, Solá also discussed with his Brazilian counterpart, Ernesto Araújo, support for Argentina in negotiations with the IMF, bilateral trade and the strengthening of Mercosur.
Brazilian President Jair Bolsonaro on Wednesday hosts Argentina’s Foreign Affairs Minister Felipe Solá, who will also meet his counterpart Ernesto Araújo. They will discuss bilateral trade, the Mercosur customs union and Venezuela, according to official sources. Relations between the two key trade partners worsened late last year as Bolsonaro’s far-right administration clashed with Alberto Fernandez’s left-leaning government.
Mercosur trade deal is incompatible with the EU’s commitment to carbon neutrality and “may undermine global efforts to avert climate change”, according to analysis conducted for the Greens/European Free Alliance group. The political agreement reached in June by the EU and Mercosur countries (Argentina, Brazil, Paraguay and Uruguay) is still in the process of technical and legal revision and subject to endorsement by national governments and the European Parliament. Austria, France and Ireland are set to block the deal.