Brazil’s Finance Ministry will take part in upcoming meetings of the BRICS bank and the G7 finance track. In addition to the economic impacts of ongoing wars, Dario Durigan is expected to bring up the issue of raw materials essential to the technology industry.
Author: Agência Brasil
At an automakers’ association Anfavea event, Brazil’s president said the country’s automotive industry faces the challenge of competing for markets in Latin America and Africa and should not leave them to parent companies.
The company had a business plan to meet 80% of domestic demand within five years but is now considering making Brazil 100% self-sufficient in diesel over the same period. Prices have surged due to the war in the Middle East.
The Brazilian government has scrapped import duties on machinery and IT products whose tariffs had been raised in February, after hearing from companies that cited a lack of domestic production and insufficient supply in the local market.
Global oil prices are rising due to the conflict in Iran.
Federal decree establishes rules that may be applied when imports from a country with which Brazil has a trade agreement cause serious harm to domestic industry.
The Organization of the Petroleum Exporting Countries made the decision after oil exports through the Strait of Hormuz, a tanker route, were halted due to the conflict in the Middle East.
Brazil’s monetary council approved changes that relax deadlines, reduce requirements, and expand the scope of the Financing Exports Program.
Brazil’s gross domestic product rose 0.1% in the third quarter compared to the previous three months and 1.8% year-on-year, reaching USD 602 billion.
The global climate meeting in Belém concluded with 195 countries approving 29 documents. Results include a forest fund and a decision to triple funding for climate change adaptation. A roadmap for phasing out fossil fuels received support from around 80 nations.
The state of Rio de Janeiro welcomed 1.8 million visitors from abroad between January and October, already surpassing the total number of arrivals for the entire year of 2024.
Brazil will continue to chair the Executive Council of the United Nations body dedicated to global tourism. The election took place in Saudi Arabia, during a meeting that also appointed Shaikha Nasser Al Nowais from the UAE as secretary-general.
On the first day of the summit in Brazil’s Pará state, several nations had already submitted their national plans to reduce emissions and adapt to climate change.
The Ministry of Management and Innovation in Public Services and the Telecommunications Research and Development Center have signed a partnership to develop tools for the use of artificial intelligence, with investments of USD 73 million over four years.
