Brazil’s Foreign Trade Chamber (Camex) has cut the tax on capital goods imports from 14% to 2%. The measure will remain valid until the end of 2014 and includes 95 types of products not made domestically.
Author: Agência Brasil
Foreign sales were down 7% from 2009 to 2013, from US$ 162 mn to US$ 150 mn, according to the Rio de Janeiro State Industry Federation. In the same period, exports from Rio were up 17%.
Technicians from the Brazilian Institute for Geography and Statistics (IBGE) institute believe there are evidences of increased output in the first two months this year. Production was up 1.3%.
The openings will be created in Brazil’s 12 host states between April and June, as per estimates from the National Federation for Trade in Goods, Services and Tourism.
The Brazilian president said the government has managed to meet the inflation target for the last 12 years, and that the net government debt-to-GDP ratio is decreasing.
The amount should be invested by 2016. The concession contract for the Rio de Janeiro International Airport was signed this Wednesday.
There has been an increase of 0.4% in February over January. Thus, the sector amasses 1.3% in the first two months of the year, according to the IBGE.
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The Brazilian trade surplus stood at US$ 112 million, as a result of US$ 17.6 billion in exports and US$ 17.5 billion in imports. Both the daily export and import averages declined March-on-March.
Brazilian companies of this kind directed roughly US$ 6.4 billion to investments in January and February, 13.9% of the total last year, according to information released by the Official Gazette.
Financial institutions polled by the Central Bank have slightly revised down their economic growth projections for 2014. The previous forecast was 1.7%.
According to the Brazilian Treasury Secretary, Arno Augustin, the raising of 1 billion euro by the Brazilian government this Thursday on Europe, shows the international investors’ trust.
Multinational intends to invest US$ 1.3 billion until 2016 and the company’s CEO claims that the country’s lowering of credit rating by S&P does not alter its plans.
The country has responded to the challenges at an international level in a classical and sturdy way, according to information released by the Central Bank (BC, in the Portuguese acronym) in reply to the lowering of Brazil’s ratings by S&P.
