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Reuters
Reuters
Business
By Bernardo Caram

Argentina could fast-track Brazilian imports in return for help financing them - sources

Argentina's President Alberto Fernandez shakes hands with Brazil's President Luiz Inacio Lula da Silva after a meeting at the Alvorada Palace in Brasilia, Brazil, May 2, 2023. REUTERS/Ueslei Marcelino

Argentina has offered to fast-track imports from Brazil if its neighbor adopts a new credit system that reduces its dependence on the dollar, which it has in short supply, officials in both governments told Reuters.

The proposal would cut the processing and payment time for Brazilian products to 30 days from 180 days at present, reducing trading risks with a country with high inflation and exchange rate variations, the sources said.

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