The Argentine ambassador to Brazil, Daniel scioli, stressed that the good performance of imports was the result of coordinated work between the Embassy, the 10 Argentine Consulates and the Foreign Ministry, led in the first months by Felipe Solá and later by Santiago Cafiero.
The official stressed the importance of measures such as the development of Bilateral Chambers of Commerce and Industry, the Logistics Cost Reduction Program, business rounds and trade missions in various strategic sectors, financing work in conjunction with BICE, the Bank Nación and Banco Provincia, the release of sanitary and phytosanitary barriers that existed for agricultural products, and the approval in Brazil of HB4 flour based on genetically modified wheat, “the first agricultural export product to Brazil.”
With a different look, from the consulting firm bbeb They argued that the bilateral trade surplus was explained more by the obstacles to imports implemented by the National Government, than by the improvement in exports.
In December, Argentina registered its fourth consecutive month with a surplus in the exchange of goods and services with Brazil, with a positive result of US $ 96 million.
Imports rose 42% compared to December 2020 to US $ 1,139 million, the highest figure in 2021. The year-on-year drop of 34.2% in purchases of vehicles for passenger transport, largely affected by the global chip shortage, was more than offset by the increases of 77% in the acquisitions of “Iron Mineral and its Concentrates” and of 54.9% in “Paper and Cardboard”.
In Abeceb they also highlighted the almost 700% rise in all of 2021 in imports of “Semi-finished products, ingots and other primary forms of iron or steel” as a result of the strong recovery of the Argentine steel industry, driven by the automotive sector, construction and household appliances.
Meanwhile, in the last month of the year, exports to Brazil rose 57.7% year-on-year to US $ 1,235 million. “In its composition, We must highlight the exports of electrical energy, which reached US $ 133.7 million in December and US $ 1,061.8 million in all of 2021 (year-on-year increases of 395.5% and almost 3,000% respectively) due to the difficulty that Brazil is having to generate energy as a result of the severe drought that has been going through for several months, “Abeceb deepened.
There were also strong increases in the exports of Passenger Vehicles, which represented 12.4% of sales to the territory chaired by Jair Bolsonaro in 2021, and Unmilled Wheat and Rye.
Looking ahead to 2022, the consultancy warns that several factors can discourage international trade, such as the rate hike by the Fed, the appearance of new strains of Covid-19 and bottlenecks in the supply. Added to this are a possible recession in Brazil and a slowdown in Argentina, and the uncertainty surrounding the election year in the main South American economy and the negotiations between Argentina and the IMF.
With greater optimism, Scioli predicts a 2022 consolidation in “the insertion of Argentine SMEs in the Brazilian market. In that sense, he assured that he is working on the Commercial Promotion Action Plan in Brazil 2022, with the Identification of” 30 priority sectors that have great business opportunities in Brazil, such as food and beverages, meat, dairy, wine and olive growing, auto parts, machinery and metalworking, fertilizers, among others. “
Source From: Ambito
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