Brazil’s Finance Minister, Fernando Haddad, stated that he has “doubts” about the effectiveness of Javier Milei’s measures. Details about the possible free trade agreement with the European Union.
Once again, since Brazilhe Minister of Finance of the Lula Government, Fernando Haddad, expressed his doubts about the economic plan carried out by the Government of Javier Milei. “Have doubts about the effectiveness of a ultra orthodox package for the situation that must face today Argentina“he assured.
Although the minister maintained that he “wishes” that Argentina “Go well“He also expressed that he is not sure if the”society will tolerate“the adjustment plan and whether this, ultimately, “will produce the desired results“. In recent days, Brazil announced that it closed 2023 with “the lowest inflation since 2019“.
Javier Haddad’s statements about Javier Milei’s “chainsaw” plan
Lula’s government was very attentive to electoral process what happened in Argentina in 2023. Even before Javier Milei took office as the new president of the Nation, Brazil had already positioned itself regarding what could happen in the event of a victory for the liberal candidate: “The Mercosur is at risk especially for the upcoming events that can happen in our main business partnerthe scope of the narratives of the candidate who leads the polls in Argentina is not known,” he had expressed Haddad during a seminar at Getulio Vargas Foundationlocated in San Pablo.
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Now, 24 days after the change of Government in the country, the Minister of Finance of Brazil expressed his concerns about the first measures: “Mine is a concern of a observer that wishes the good of the neighboring country. I follow it from a distance and with information with filters, I am not there seeing measure by measure. “And he added that the concern that existed was “for Mercosur” and that until now “There has been no signage in this regard”
The economic panorama of Latin America
Argentina and Brazil have a long history as trading partners, which sought to deepen with greater economic integration of Mercosur. Asked about this prior to Milei’s inauguration, Haddad assured that “bet on greater integration (of the region) can stop movements contrary to Mercosur“.
During the last months, Brazil was negotiating free trade agreement between Mercosur and the European Union (EU). “At that time we were negotiating with the European Union, there were many things that were developing that could put themselves at risk“said Haddad.
Source: Ambito
