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Brazil To Set Up Ethanol Plant In Costa Rica For Export To The US

Costa Rican president, Oscar Arias, and Brazil's president, Luiz Inacio Lula da Silva, met yesterday in a formal meeting of the two presidents in San Jose, to discuss bilateral relations and commercial ties between Mercosur and SICA.

Lula committed Brazil to deepen commercial ties between his country and Costa Rica, signing several agreements of co-operation during his official visit.

"This was a visit that the people of Costa Rica have been waiting anxiously. In Costa Rica, we admire, we appreciated your for your leadership, for what you have done in your country, but also for the leadership you have exercised within the Group of 20, certainly, Latin America is proud of your leadership Within this group", Arias told his Brazilian counterpart.

"Over the past seven years, we took the decision to orient Brazil more toward South America, Latin America, involving Central America and the Caribbean. I think what we are building is going to slowly, but it is going walking and moving ahead a lot", said Lula.

One of the commitments by Brazil is to establish an ethanol production plant in Costa Rica for expoer to the United States or including exports to Brazil.

Lula said that the ethanol distribution in the US is part of the trade deal between the US and Brazil and this would be a example of how to integrate a small economy like Costa Rica's to one big as Brazil.

The Brazilian president said that he has been talking for some time with Brazilian businessmen to set up shop in Costa Rica and the export back to Brazil the finished product.

Arias added that it is not only important for Costa Rica, but for all of Central America, to develop better commercial ties with Brazil.

"For every dollar we export to Brazil, we import $24", said Arias, who added that he is looking forward to talks with Tabaré Vázquez (the presidente of Uruguay), who will assume the Mercosur presidency, when he, Arias, assumes the SICA presidency on July 1.

Lula sees the Vázquez and Arias ties as a positive move for the region.

During the official meetings and ceremonies, one minute of silence was observed for the victims of the downed Air France flight that took off from Rio de Janeiro, en route to Paris, with 228 on board.


 
 


 
 
 


 

 

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