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Brazil Property News: Lula hails his neighbour
5th August 2008 04:34
Those considering buying property in Brazil could be interested to hear the presidents of the Latin American nation and its neighbour Argentina have ratified their strategic alliance, it has been reported.
Speaking on a visit to Argentina with 250 of his nation's leading business chiefs, president Luis Inacio Lula da Silva said the two countries are going through "an exceptional moment", according to Mercopress.
His counterpart president Cristina Fernandez de Kirchner described this as a "very special moment of history" as the nations are enjoying an unparalleled communion together.
"Argentina and Brazil must not see each other as competitors," President Lula said, while addressing a business seminar alongside Kirchner.
The trade event was called Argentina-Brazil: A Key Productive Alliance.
According to Lula, Brazil is the leading investor in Argentina and its corporations are committed to continuing this trend while measures are planned to ensure this "virtuous relation" through the creation of a sovereign fund.
Meanwhile, earlier in the week Lula gave his best wishes to China ahead of the Olympic Games in Beijing.
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How to invest in Brazilian property
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