Brazil, Argentina Sign 10-Year Automotive Trade Agreement, an Industrial Info Market Brief

Brazil and Argentina have renewed their auto trade agreement allowing for increased Brazilian exports to Argentina through 2029, but postponed free trade in motor vehicles between the countries for the next decade. Argentina is the largest export market for the Brazilian automotive industry, but sales have plummeted due to Argentina's economic depression. Industrial Info is tracking 251 operational automotive plants with 1,858 functional management contacts between Argentina and Brazil, and a total of 865 projects worth $19.74 billion.