The Brazilian Embassy in Buenos Aires has advised the Undersecretariat of the Ministry of Foreign Affairs of Mercosur that the country will terminate the Maritime Transport Agreement between the two republics as of February 9, 2022. The notification of the decision is within the term provided for in the agreement. The treaty dates from 1985 and continued the agreements of the 1959 Maritime Conference of Argentine and Brazilian Shipowners. On February 5, Leonardo Cabrera, the Undersecretary of Ports, Waterways, and Merchant Marine of Argentina, called together the Argentine Chamber of Navigation and other bodies to inform them of the definitive and unappealable decision adopted in Brasilia to proceed with the adoption of the business measures they deem convenient. Annual bilateral maritime trade is valued at around US$ 20 billion, with profits that fluctuate around US$ 700 million in the direction of import or export. The value of services related to sea freight is around US$ 1 billion, to which is added the values for supply, fuel, ship repair, and agency services.
Sources: Infobae/Datamar News