A mission from the Fund says inflation has declined, foreign exchange reserves have increased and the external deficit has decreased in quarter one.
Author: From the Newsroom
Revenues from Brazilian agricultural product exports to the region amounted to US$ 2.2 billion from January through April.
Brazilian foreign sales in the sector dropped from 52,700 units in April 2013 to 36,700 last month, according to Anfavea. The figures include cars, light commercial vehicles, trucks and buses.
Managing director of the IMF said in Rabat, Morocco, that the nations of the Arab Spring need to boost small and medium-sized companies and the growth of middle class.
The region’s share in the Brazilian meat company’s foreign sales increased from 17.3% to 20%. Overall, revenues from meat shipments were up 19.4%.
Exports are benefiting from the scenario of higher global growth and the rising dollar, according to report of the Brazilian Central Bank.
Foreign sales from Brazil amounted to US$ 3.2 billion in Q1, an increase of 27.8% over the same period last year.
The IMF says the fiscal reform implemented in 2012 is bearing fruit. According to forecasts, inflation should decline and the economy should grow further, but the Fund warns of high unemployment.
Report on the economic perspectives for the Middle East and North Africa shows that countries will grow in 2014 and 2015, though all of them will have long-term challenges.
The region’s imports of Brazilian products were down by US$ 70 million April-on-April. However, overall, the trade balance showed a US$ 506 million surplus on Brazil’s side.
Auchan operates in 15 countries and will open five commercial centers in the Arab nation. Initiative is a signal of the resumption of the investment.
The company posted R$ 797 million in revenues in Q1 this year. Revenues denominated in US dollars stood at US$ 338 million.
Brazil’s Foreign Trade Chamber has reduced the import tariff on frozen sardine from 10% to 2%, for a quota of 23,000 tonnes until September 30th. Brazil imported 9,500 tonnes from Arab countries year-to-date through March.
Spain’s Bamesa has inaugurated a new unit at the Tangier Free Zone. The facility should process up to 100,000 tonnes per year.
