[Translation of an article from Carta Maior of Brazil for May 3, 2013. See original here.]
By Marcel Gomes
Rio de Janeiro – The strengthening of relations between Brazil and Venezuela during the administrations of Luiz Inácio Lula da Silva and Hugo Chávez will allow Brasilia and Caracas to maintain close political and economic ties, even after the death of the Venezuelan.
Those who hold this view are supported by the high degree of institutionalization of the bilateral relations. The new president, Nicolás Maduro, has at his disposal UNASUR (Unión de Naciones Suramericanas – Union of South American Nations) and MERCOSUR (Mercado Común del Sur – Southern Common Market), energy projects, local branches of IPEA (Instituto de Pesquisa Econômica Aplicada – Institute of Applied Economic Research), EMBRAPA (Empresa Brasileira de Pesquisa Agropecuária – Brazilian Agricultural Research Corporation) and Caixa (Caixa Econômica Federal – Brazilian publicly owned bank), as well as a commercial exchange that has jumped from 800 million US dollars to six billion reais [about three billion dollars] in a decade – 80 percent of it, keep in mind, to Brazil’s benefit. (more…)