Micro and small businesses in Brazil will get tax breaks on imports and domestic purchases in connection with exports, the Ministry of Industry, Foreign Trade and Services has announced.
Author: From the Newsroom
Foreign purchases of the product by the Brazilian market declined to 27,000 tons from January to July of this year if compared to the same months of 2015. However, olive oil imports from Arab countries went up.
The company’s sales of iron ore and pellets to the region declined in Q3 over the same months in 2015, but went up if compared to Q2 of 2016. Overall exports increased.
Foreign sales of capital goods produced in Brazil declined in September over the same month in 2015, but improved year-to-date.
The managing director of the IMF visited Riyadh and met with the bloc’s ministers. She praised the measures taken in response to low oil prices, but suggested further spending cuts and revenues diversification.
The report Doing Business 2017 shows that 137 out of 190 countries adopted pro-business measures in 2015. Brazil leads in number of reforms implemented in Latin America, but dropped in world ranking.
Trade in goods not including petroleum and its products climbed 3% in the country in the first half of the year, to USD 150.6 billion. Top-selling export products include gold, aluminum and jewelry.
Brazil’s trade surplus reached USD 709 million last week. The first two weeks of October also ended in surplus.
The emirate will be honored at the 2018 edition of the fair, according to an announcement made in Frankfurt. Sharjah is considered a culture hub in the United Arab Emirates.
The bank revised up from USD 53 to USD 55 its forecast on the average price per barrel for next year. The price of commodities in general should go up.
The event will be held by the United Nations’ World Tourism Organization and the Egyptian government on November 1 and 2.
This is the cost estimate made by UNHCR for relief assistance in cold weather to 4.57 million Syrians and Iraqis displaced in their own countries or living as refugees in Lebanon, Jordan and Egypt.
The Ministry of Foreign Affairs (Itamaraty) announced it will provide the amount to the UN’s World Food Programme to support Haiti after it was hit by a hurricane.
Survey done by the local Chamber of Commerce and Industry points to an average growth of 4.7% in the next four years.
