The Secretary General of Foreign Affairs, Ambassador Marcos Galvão, will conduct, along with his Argentine counterpart, Ambassador Pedro Villagra, the First Meeting of the Brazil-Argentina Political Coordination Mechanism, to be held on May 30 at Itamaraty Palace in Brasilia. The Brazil-Argentina Political Coordination Mechansim was created by a bilateral Memorandum of Understanding in April 2016. The mechanism will attribute formal outlines and regularity to the high-level coordination meetings between the foreign ministries of the two countries. This is also a relevant instrument for the deepening of the cooperation between the two countries.
The First Meeting of the Brazil-Argentina Political Coordination Mechanism was called upon on the occasion of President Mauricio Macri's visit to Brazil in February 2017 and will offer an opportunity for the deputy foreign ministers to review the main issues of the broad bilateral, regional and multilateral political and economic agenda. In particular, the meeting will provide an opportunity for joint reflection on measures to reinvigorate MERCOSUR at the regional and external levels, in a context of transition from the current Argentine Pro Tempore Presidency of the bloc to the forthcoming Pro Tempore Brazilian Presidency, to begin in the second half of this year.
Argentina was the first international bilateral destination of President Michel Temer in October and of numerous bilateral missions at the ministerial level. On the occasion of President Macri's visit to Brasília, in February of 2017, an Action Plan and a Joint Presidential Declaration were adopted, which paved the way for the deepening of the relationship in prioritary areas. Brazil is the main destination for Argentine exports and the main supplier of products to the neighboring country. In 2016, Argentina was Brazil's third largest trading partner, when bilateral exchange totalled more than 22 billion dollars.