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Industry Groups Agree to Create Brazil-Argentina Business Council

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Business entities from Brazil and Argentina have decided to create the Brazil-Argentina Business Council (CEMBRAR) to increase trade and stimulate common policies between the two governments. The meeting between Brazil’s National Industry Confederation (CNI) and Argentina’s Industrial Union (UIA) seek to ease some of the tension among Mercosur partners, currently facing an institutional crisis.

"Investments are a key channel to expand production capacity, increase bilateral trade, stimulate innovative activities and create jobs,” CNI President, Robson Braga de Andrade was quoted as saying in the entity’s webpage . . .

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