Argentina election: Will Fernández and Bolsonaro get along?
Alberto Fernández's victory in the Argentine presidential election on Sunday has raised the question of how he will get along with Brazil's far-right leader Jair Bolsonaro (pictured).
The center-left candidate beat conservative President Mauricio Macri by winning 48.11% of the votes versus 40.36% for the incumbent.
Before the election, Bolsonaro had openly supported Macri and warned that a Fernández victory would mean a return to populism and be very bad for Argentina and the Mercosur trading bloc.
Argentina and Brazil are together with Paraguay and Uruguay the members of Mercosur.
Fernández will assume the presidency on December 10, with former president Cristina Fernández de Kirchner as vice president.
Fernández was chief of staff in the administration of late president Nestor Kirchner (2003-2007) and also in the administration of Fernández de Kirchner, which was a period of heavy state intervention in the economy.
During the Kirchner governments, Argentina had close ties with Brazil’s leftist Workers' Party administrations, first under former president Luiz Inácio Lula da Silva (2003-11) and then under Dilma Rousseff.
Argentina's president-elect has a close personal relationship with Lula, who is serving a prison sentence for corruption related to the Lava Jato probe.
Fernández visited Lula in prison last year and on Sunday he congratulated Lula on his birthday via Twitter, saying the former Brazilian leader was an extraordinary man who is unjustly imprisoned.
“It's an affront to Brazilian democracy and the Brazilian judiciary,” said Bolsonaro in regards to Fernández's support of Lula.
WHY PRAGMATISM COULD WIN THE DAY
There are factors that could see the antagonistic relationship between Bolsonaro and Fernández turn into a more pragmatic one over time.
“Although both leaders have different point of view on the political and economic sides, both must to work together to be more powerful in the global arena. The bottom line is that Bolsonaro understands that, while Fernández will realize this very quickly,” José Augusto de Castro, head of Brazil’s exporters association (AEB), told BNamericas.
Argentina is Brazil’s third largest trade partner, after China and the US, and most of the products exported by Brazil to its neighbor are auto parts.
The auto industry is highly important for the Brazilian economy as it generates a large number of jobs.
“The relationship between Brazil and Argentina will be a cold relationship, but both sides understand very well that the relationship is positive for all sides and it will continue with no major changes,” Welber Oliveira Barral, a former Brazilian trade secretary, told BNamericas.
CHINA AND BOLSONARO
Bolsonaro assumed power in January and he has spent much of his foreign relations approach on forging closer ties with the administration of US President Donald Trump.
This sparked fears in some corners that Bolsonaro would neglect China due to ideological reasons and allow a key relationship with the Asian giant to deteriorate.
These fears now seem exaggerated as Bolsonaro made an official visit to China last week where he invited Chinese firms to invest more in Brazil, especially in the oil and gas industries.
THE CHILE FACTOR
The Brazilian leader was elected last year on an agenda with a strong focus on free-market polices, including massive privatizations.
Bolsonaro's powerful economy minister, Paulo Guedes, has several times mentioned the Chilean economic model as the one Brazil should follow.
The question now is if the massive and violent protests that took place in Chile during the past week will have any impact on policy making in Brazil.
“I don’t expect a major change in the liberal agenda of the Brazilian government, but the protests in Chile will serve as a big alert for Brazil. A region marked by inequalities like South America can’t survive with only a liberal agenda that is just focused on privatizations. The government's participation must be present in various sectors to guarantee greater equality,” said Barral.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Electric Power (China)
Winds of change: Chinese investment trends in Latin America
Tulio Cariello, research director at the China-Brazil business council (CEBC), speaks with BNamericas about what piques the interest of Chinese com...
Barbados & China Sign Agreement For Electric Buses
The specifications have been submitted and the Chinese authorities are in the process of assessing the request.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Electric Power
Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Construction of consolidated electrification works in the Villahermosa Distribution Zone in the State of Tabasco, Package 2.
- Current stage:
- Updated:
2 hours ago
- Project: Civil and Electromechanical Works in Electrical Substations for the REI Project (Smart Electric Grid) Fourth Stage, in the Area of the Zacatecas Distribution Zones.
- Current stage:
- Updated:
2 hours ago
- Project: Construction of consolidated electrification works within the scope of the Tuxtla Distribution Zone in the State of Chiapas, Package 1
- Current stage:
- Updated:
2 hours ago
- Project: MODERNIZATION OF THE CHA T-02 POWER TRANSFORMER TO INCREASE THE RELIABILITY OF THE GENERAL DISTRIBUTION NETWORKS OF THE VOLCANOES ZONE OF THE SOUTH MEXICO VALLEY DIVISION.
- Current stage:
- Updated:
2 hours ago
- Project: CONSTRUCTION 0.82 KM 1-CTO. SUBT-3F-4H-750 MCM-3/0 CU FROM SE CAF. TO ENTRANCE TO THE PORTALES DEVELOPMENT IN THE MUNICIPALITY OF LOS CABOS, BAJA CALIFORNIA SUR
- Current stage:
- Updated:
2 hours ago
Other companies in: Electric Power (China)
Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Trina Solar, Ltd.  (Trina Solar)
-
Trina Solar is a Chinese supplier of photovoltaic modules and services for solar power generation industries. The firm specializes in the manufacturing of mono- and multicrystal...
- Company: ET Solar Group Corp.  (ET Solar)
-
ET Solar Group Corp (ET Solar), founded in 2005, is a Chinese company based in Nanjing which researches, develops, and manufactures components for the photovoltaic industry such...
- Company: Hydro Global Investment Ltd.  (Hydro Global Investment)
-
Hydro Global Investment Limited, a joint venture between China Three Gorges Corporation and Energías de Portugal, focuses on the investment and development of small and medium-s...
- Company: Shanghai Shemar Power Engineering Co., Ltd.  (SHEMAR Power Engineering)
-
Shemar Power Engineering Co., Ltd. is a company that provides EPC services for the power transmission, transformation and distribution sectors. The company, based on its factory...
- Company: Chint Solar (Zhejiang) Co., LTD
- Company: JinkoSolar Holdings Co., Ltd.  (Jinko Solar)
-
JinkoSolar Holdings Co., Ltd. (JinkoSolar) is a Chinese solar power equipment manufacturer, which provides silicon wafers, solar cells and modules to residential and commercial ...