The Minister of External Relations, Antonio de Aguiar Patriota, will host the Minister of External Relations and Worship of the Argentine Republic, Héctor Timerman, in Rio de Janeiro, on February 19.
The meeting comes within the framework of regular meetings between the Foreign Ministers of the two countries, to examine the themes on the broad agenda of bilateral cooperation and to discuss issues of common interest on both regional and global agendas. Bilateral meetings in 2012 resulted in a new coordination mechanism for priority bilateral cooperation projects, the "Brazil-Argentina Strategic Integration Dialogue", chaired by the Vice-Chancellors.
Bilateral trade grew from US$ 7.1 billion in 2002 to US$ 34.4 billion in 2012, the second best result in history (despite a drop of about 13% compared to 2011 – the year with the best result in history, of approximately US$ 39.6 billion). Brazil is the major trading partner of Argentina, and Argentina is the third largest individual trading partner of Brazil. Over 83% of their bilateral trade flow is composed of industrial goods.