BRASILIA - The election of leftist Alberto Fernandez in Argentina, who Brazil’s right-wing President Jair Bolsonaro has called a “red bandit,” sets the stage for a run-in between South America’s two biggest economies that could derail their Mercosur trade bloc.
Brazil-Argentina relations have been cordial and constructive since both shed military rule in the 1980s, despite traditional tensions in geopolitics and on the soccer field. The tweet riled Bolsonaro. “The first thing Fernandez did was to post ‘Free Lula’ saying he was unfairly jailed. So we can see where he is coming from,” Bolsonaro said.Fernandez, a trade protectionist, has vowed to reconsider his country’s membership in Mercosur. Bolsonaro, in turn, has said Argentina should be left out of Mercosur if it blocks trade liberalization proposed by Brazil.
The greater threat may be to a trade deal between Mercosur and the European Union, which has taken two decades to negotiate and faces resistance in European countries. Brazil is heading in the other direction and wants to reduce Mercosur’s common external tariff and allow its members to negotiate new trade deals.
😂😂😂 venezuela 2.0 now messi never ill play for Argentina again 😂😂😂😂😂😂
No llores por mi Argentina...🎶
❤ brazil
Not brazil but bolsoneros MINORITY government.
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