Argentina’s Financial Crisis Affects Brazil

By Lise Alves, Contributing Reporter

SÃO PAULO, BRAZIL - Brazilian businessmen are closely monitoring the financial crisis in Argentina, concerned with the effects that the crisis may have on Brazilian production and exports. Their concern is warranted: during the first five months of 2014 Brazilian exports to Argentina have declined by 19.8 percent in relation to the same period in 2013 dropping from US$524 million in 2013 to US$385 million in 2014.

“Even with the decline, the volume of trade is still very significant,” says Alberto Alzueta, president of São Paulo’s Argentine-Brazilian Chamber of . . .

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