Argentine Production Minister Francisco Cabrera on Tuesday said the ongoing political crisis in Brazil has a significant impact on his country’s industrial sector.
“The impact of Brazil’s situation does not escape Argentina,’’ a report said.
Cabrera said that over 50 per cent of Argentina’s industrial exports go to Brazil and that the trade flow is suffering.
“In general, we believe that Brazil is a country with strong democratic institutions, and will solve its issues within their scope,’’ Cabrera said.
According to the report, Brazilian President Dilma Rousseff is facing impeachment, which she has said is an attempted coup.
The Argentine minister was in Brazil on Monday for a meeting with his Brazilian counterpart, Armando Monteiro, to discuss the renewal of an automobile trade agreement that would expire in June.
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