Wednesday, 8 February 2012
Brazil: Argentinean protectionism
Argentina's economic situation is poor and deteriorating, especially with respect to external accounts, and this will have adverse consequences for Brazil, its largest trading partner. Studies by the Brazilian Agency for Industrial Development (ABDI), a government institution, reveal the loss of Argentinean competitiveness and the difficulty of integrating the two economies, particularly in the oil and gas and naval construction sectors.
Rousseff has displayed impatience with Argentina's growing protectionism. Paulo Skaf , the president of the São Paulo Federation of Industries (FIESP), has sought an audience with President Cristina de Kirchner to smooth bilateral trade relations, but there are lingering structural obstacles.
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