President said that the government is considering opening a line of credit to finance Brazilian companies that export to Argentina.| Photo: Rovena Rosa/Agência Brasil

President Luiz Inácio Lula da Silva (PT) once again defended, this Thursday (25), financial aid to Argentina due to the serious economic crisis experienced in the neighboring country. The Argentine peso is in a constant devaluation and inflation reached 104% a year in March.

“More than wanting to help Argentina, we want to help Brazilian exporters who export to Argentina. This is concrete data”, said the president to businessmen at an event at the Federation of Industries of the State of São Paulo (Fiesp), as recorded by Agência Brasil.

One of the measures being studied is the opening of a line of credit to finance Brazilian companies that export to the Argentine market, which has not been able to close negotiations with other countries.

Lula also stated that China even invested US$ 30 billion to finance exports to Argentina, which affects trade with Brazil in industrialized products.

This is the second nod that Lula has made to Argentina after the emergency visit of Argentine President Alberto Fernández, at the beginning of the month, in search of financial aid. In the first, two weeks ago, Minister Fernando Haddad, of Finance, asked the US Secretary of the Treasury, Janet Yellen, to help the economy of the neighboring country.