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Argentina imports China auto parts increased

May 7, 2015, as Argentina intends to increase imports of auto parts from China to replace similar products in Brazil, the Brazilian side is very tight, will soon consult with Argentina to continue to use bilateral agreements related auto parts.

Brazil, "Sao Paulo newspaper," May 7 news shows, after Brazil and Argentina have signed an agreement Mercosur produced cars must meet at least 60% of the national production of spare parts in the region, enjoying zero tariff access to Mercosur countries treatment. The agreement favorable to Brazil in a very long time Nei Baxi auto products inroads into the Argentine market. However, since the agreement will expire in June 2015, and Argentina in order to reduce the cost of its automobile industry, intends to make a fresh start, auto products imports from China to replace Brazilian products. This trend is very anxious to let the Palestinian side, the Brazilian government has officially invited the Argentine government recently met in Brasilia to discuss the possibility of using auto-year bilateral agreement will at least continue. By the economic downturn in Argentina, Argentine importers can only use the highest amount of $ 100,000 per day. Since 2014, Brazil's manufactured goods exports to Argentina fell sharply in 2015, the situation has not yet improved. The latest statistics show that the Arab Brazilian auto exports in the first quarter 2015 fell by 18.8%.

CNI report in 2014 noted that the strengthening of bilateral trade between China and Argentina, resulting in the gradual decline of Brazilian products in the Arab market. It reported that in 2005, Brazil imported products accounted for 36.5% of Argentina's total, but the end of 2013 dropped to 26.5 percent; on the contrary, China's share of product A total imports surged 3 times in 10 years. It is reported that the Brazilian Development Bank's commitment to a subway project in Argentina provided $ 1.5 billion loan to the Brazilian government is expected to take this as a bargaining chip, to promote Argentina reduce restrictions on imports of Brazilian industrial products in the negotiations.

Mercosur is one of Latin America's most important sub-regional integration organizations, members include Brazil, Argentina, Uruguay, Paraguay and Venezuela.