IBOV 165,528.92 ▼ 1.42% IPC MEX 70,848.90 ▲ 1.53% MERVAL 2,848,945 — — USD/BRL5.49▲ 0.93% USD/MXN18.83▲ 1.35% USD/CLP980.56▲ 0.29% USD/COP3,243▲ 6.39% USD/PEN3.46▼ 0.18% USD/ARS1,551▲ 0.34% USD/UYU40.19▲ 3.30% USD/PYG5,936▲ 4.80% USD/BOB12.05▲ 2.55% USD/DOP60.51▲ 3.08% USD/CRC449.50▲ 2.16% USD/GTQ7.64▲ 3.23% USD/HNL26.88▲ 3.34% USD/NIO36.62▲ 2.87% USD/VES890.98▲ 0.11% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 2.48% USD/TTD6.69▲ 1.98% EUR/BRL6.16▲ 1.54% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 165,528.92 ▼ 1.42% IPC MEX 70,848.90 ▲ 1.53% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Wednesday, November 4, 2026

Brazil Latin America

Brazil to Maintain Pragmatic Relationship with Argentina, Says Bolsonaro

By · November 28, 2019 · 3 min read

RIO DE JANEIRO, BRAZIL – President Jair Bolsonaro said yesterday, November 27th, that Brazil will pursue a pragmatic relationship with the government of Argentina‘s President-elect Alberto Fernández.

“Our relationship with Argentina will be pragmatic, yes, we have a good business relationship, which will continue as far as I’m concerned,” Bolsonaro said during an interview with journalists in Manaus.

Bolsonaro said that he hoped that the agreements made by the Argentinian government within the Mercosur framework would be sustained by Fernández.
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Fernández won the elections by the left-wing coalition ‘Frente de Todos’ and his vice-president is Senator Cristina Kirchner, the country’s former president. Bolsonaro is critical of Kirchnerism and supported the re-election of President Mauricio Macri, who was defeated at the polls in the October elections in the neighboring country.

The new government will take office on December 10th in Buenos Aires, and Bolsonaro has already appointed Citizenship Minister Osmar Terra to represent him at the ceremony.

On Monday, November 25th, Bolsonaro said that he hoped that the agreements made by the Argentinian government within the Mercosur framework would be sustained by Fernández, such as the free trade agreement with the European Union, which has yet to be ratified by the bloc’s member countries.

On December 4th and 5th, the last summit of the year for Mercosur’s heads of state and the Common Market Council will be held. Argentina will still be represented by Mauricio Macri on this occasion.

The Amazon

On Wednesday, President Bolsonaro was in the Amazonian capital to take part in the opening of the 1st Sustainability Exhibition of the Manaus Industrial Complex. An initiative of the Superintendence of the Manaus Free Trade Zone (SUFRAMA) and the Institute of Socio-Environmental Strategic Intelligence of the Amazon (PIATAM), the event aims to show the importance of the pole for the sustainable development of the Amazon rainforest.

The event runs until Friday, November 29th, and has 130 stands for visitors, as well as a program of lectures in the fields of economy, business and sustainability. The organizers expect to attract approximately 40 thousand people in the three days of the event.

During his speech, Bolsonaro again mentioned the “greed” of foreign countries in the wealth of the region. “We are here on the richest piece of land in the world in terms of minerals, biodiversity, drinking water, large areas and there is greed over this region and we should be concerned about it,” he said. “And the Manaus Free Trade Zone is here to show that the Amazon is ours, to incorporate it into the rest of our country”.

The president again championed the opening of indigenous areas for agricultural production and mineral exploration. “How many of you here are descendants of Indians, why reserve space for them within a land where they can do nothing about it? As far as I and our legislature are concerned, we want the Indians to do exactly what the landowner does next door on their land, and they can even prospect,” said Bolsonaro.

The president has repeatedly stated that the government is preparing a project to legalize mining in the country, including indigenous lands. Article 231 of the Federal Constitution stipulates that mineral activities in the indigenous territory are subject to prior authorization by the National Congress and the agreement of the indigenous population living in the territory.

The president again championed the opening of indigenous areas for agricultural production and mineral exploration.

According to the Constitution, the demarcated traditional reserves are “the exclusive usufruct” of the indigenous people, including the riches of the soil, rivers, and lakes in them.

After the ceremony, Bolsonaro boarded for Altamira, in Pará, where he is taking part in the inauguration ceremony of the Belo Monte Hydroelectric Plant.

Source: Agência Brasil

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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