Brazil Property News: Mercosur meets to prepare economies




10th October 2008 06:00


Those considering Brazilian property could be interested to hear the nation will meet with other Mercosur countries in order to ensure the nation is ready for any possible impact form the global financial crisis, it has been reported.

According to Brazzil Magazine, the body wants to coordinate its members' positions in order to help address the impact of the downturn.

Minister Jorge Taiana, is quoted by the publication as saying: "We've proposed that the Common Market Council meets [and] that foreign affairs and economy ministers get together because it's obvious we're going through very special times and we must exchange opinions."

He added the nation must be prepared to respond quickly so that it does not suffer any negative effects.

The Mercosur Common Market Council is an executive body which works on the group's agenda and negotiates on behalf of the organisation.

Meanwhile, it was reported by the Brazil Arab News Agency that Petrobras has launched a new platform which could bring thousands of jobs to the country.


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