Sica and Guedes meet in Brasilia for a new car deal – Telam

The Minister of Production and Labor, Dante Sica, will meet his Brazilian counterpart, Paulo Guedes, on Friday with a bilateral agenda including the announcement of a new agreement for the automotive sector and for which he will give a conference. Press. seal.

Official sources announced that Minister Sica would travel to Brasilia to meet with the Brazilian Minister Guedes at the headquarters of the Economy Portfolio, whose orbits cover the areas of finance, planning, budget and management, industry, foreign trade and services.

After the meeting of ministers and their teams, it is planned to convene a joint press conference at 15:30.

Although the agreement does not contain any official details, the meeting is taking place at a time when the Jair Bolsonaro government has exposed in recent months a more rigid position calling for respect for free automotive trade by 2020 as in 2016 economic context was substantially different.

For the Argentine government and local terminals, it is very difficult to comply with the liberalization of the automobile trade. An extension was therefore proposed until 2023 with an adaptation of flex, ie the formula governing the level of zero tariff imports and exports. .

Argentina's proposal in recent months has been to reduce the flex to $ 1.7 instead of the current $ 1.5, implicitly implying greater market openness.