The importance of Brazil for Argentina is indisputable. It’s about fate of the main manufacturing exports and in particular of those carried out by SMEs. According to expert Marcelo Elizondo, in the first 8 months of 2022 it was 8,000 million dollars and “probably about 12,000 million dollars at the end of the yearwhich doubles exports to the other two major markets, China and the United States ”.
But in recent years Mercosur, which was the great common project for the return of democracy with Raúl Alfonsín, he was involved in the dissidence between presidents Fernández and Bolsonaro. And currently it seems destined for obliviondepopulated with joint actions in a world that opens up to regional value chains. There are those who think that if Lula wins he will double his commitment to Mercosur.
lullaby president he hopes for closer and more friendly relations with the region . It is known that it works with a strategic perspective, especially in the scenario opened by the decision of the United States and the European Union of sanction Russia for invading Ukraine by removing it from the international payment system (Swift), ”says Diana Tussie, director of Flacso’s Masters in International Relations.
Tussie points out that in commercial matters “the Lula platform highlights his commitment to consolidate Mercosur. Lula has promised, if elected, to accelerate Bolivia’s integration into Mercosur, which is important for relations with Europe, with China. Alsoto promote the free trade agreement with Europe ”.
In turn, Elizondo remembers that Brazil is the fourth largest foreign investor in Argentina “And it is the largest broadcaster of foreign tourists with 22% of those who have come to the country so far this year. It is estimated that some 90,000 Brazilians, people skilled at work.
In his view, “Brazil is a partner who it can facilitate Argentina’s access to virtuous internationalizationto the extent that each year it is one of the main recipients of foreign direct investment in the world and has sunk about 800,000 million US dollars in its territory by foreign companies, almost ten times that accumulated in Argentina “.
From another point of view, Máximo Donicelli, of Inversión On Line, points out that the Brazilian economy is about to take off: “It has experienced deflation, it has reached a fiscal surplus and the public sector debt is 50% of GDP, the largest part in reais “. In short, if Brazil does well, it will wind in Argentina’s favor.
Source: Clarin
