One of the central axes of the plan is in the financial plane, where mention is made of a new system of Local Currency that would have a 90-day compensation, where trade in services would also be included. Along the same lines, a currency swap to strengthen reserves and an agreement between public banks to finance infrastructure projects, investments, imports and exports.
How Ámbito anticipated, there were already negotiations between the central banks of both countries to advance in a tool that allows to finance in local currency the country that exhibits a deficit in the bilateral commercial exchange. The idea of increasing exports and imports in pesos and reais is also promoted by the Argentine Industrial Union, which months ago participated in a trade mission organized by the Foreign Ministry.
Another outstanding chapter is the one that mentions the “energy integration”. There, the signing of a new memorandum for the sector between the two countries, the support of the National Bank for Economic and Social Development of Brazil for the construction of a gas pipeline that departing from Vaca Muerta reaches the border. The sale of LPG and gas in summer is contemplated.
This week, the Secretary of Energy, Flavia Royón, held a meeting with her Brazilian counterpart Ricardo Marques in which different aspects of the sector’s activity were analyzed. According to official sources, “advance was made on the possibility of firm electricity sales between the two countries to obtain long-term planning.” In this sense, they highlighted that “Before the end of the year, Argentina and Brazil will complete the renewal of the agreement on energy exchangewhich gives legal coverage to trade between the two countries”.
Although the proposal was approached to the two political spaces that in the coming days will dispute the leadership of Brazil, it is clear that the Government bets on a victory for Lula to give volume to the integration project in a context of high global volatility. “The election of Brazil is very important for Argentina, we are great allies,” Ambassador Daniel Scioli said on Radio 10.
The text accessed by Ámbito also refers to the miningThis section highlights the possibility of addressing joint projects in lithium to move towards electromobility and points out the intention to advance in joint investments for the exploitation of potassium in the Colorado River. On the other hand, it refers to agribusiness complementation to present both countries as global suppliers in the field, eliminate sanitary and phytosanitary barriers, simplify approvals and develop bio-inputs simultaneously.
The paper also includes a series of initiatives in the fields of industry, science and technology, the environment, education, the knowledge economy, connectivity and defense, among others.
Source: Ambito
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