Argentina’s Deputy Economy Minister Roberto Feletti Monday said Brazil is a key partner to face the adverse effects of the economic crisis affecting the United States and Europe.
In an interview with a local radio station, Feletti said the relation with Brazil is decisive for Argentina especially in the sectors of industry, exports and political affairs. «Today nobody can have political aspirations without considering a South American integration and a close relation with Brazil,» he said.
Feletti said Argentina now seems to be in good situation. If the international crisis worsens, the country’s economic activities would be shifted toward the domestic market and its trade with Brazil and other countries in the region.
So far this year, Argentina’s imports from Brazil have risen 31.5 percent, while the exports to the country have grown 18.4 percent compared with 2010.
Argentina «has a low level of debt, sufficient reserves, a trade surplus and a prospect of no imminent potential financial risks. This is a year of elections and nevertheless what we see in the streets is that people have confidence in the future,» Feletti said.
Source: Xinhua