After a meeting of the presidents of Brazil and Argentina this week in Brasilia, the Brazilian ministry of foreign relations (MRE) issued a statement describing advances in negotiations about the financial support of projects of the interest of both countries.
The statement has focused on the progress of conversations about the financing by the Brazilian official development bank BNDES of exports of Brazilian steel plate and pipe to Argentina, to be used in the second phase of the Nestor Kirchner pipeline.
According to MRE, “there is no juridical hurdle for the involvement of BNDES in the exports of steel plates and pipes to Argentina, and Brazil will take the measures to allow for such exports.”
The first stage of the pipeline was built with plates supplied by Usiminas.