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Crisis in Brazil has impact on Argentina: minister

Xinhua, April 26, 2016 Adjust font size:

Argentine Production Minister Francisco Cabrera said Monday that the ongoing political crisis in Brazil has a significant impact on his country's industrial sector.

"The impact of Brazil's situation does not escape Argentina," a report carried by Brazilian news portal G1, a unit of the Globo media group, quoted Cabrera as saying in an interview in Brasilia.

Cabrera said that over 50 percent of Argentina's industrial exports go to Brazil and that the trade flow is suffering.

"In general, we believe that Brazil is a country with strong democratic institutions, and will solve its issues within their scope," said Cabrera.

Brazilian President Dilma Rousseff is facing impeachment, which she has said is an "attempted coup."

The Argentine minister was in Brazil on Monday for a meeting with his Brazilian counterpart, Armando Monteiro, to discuss the renewal of an automobile trade agreement that expires in June. Endi