The objective is to attract funds for primary production financing. The funds would permit the creation of agricultural companies that would sell market quotas to Brazilian and foreign investors.
Author: From the Newsroom
Deadline given to the United States by the World Trade Organization for modification of the amendment finished in December. The country was condemned after Brazil and another ten countries went against the White House in 2001.
On Friday (16), Brazilian president Luiz Inácio Lula da Silva released the National Biofuel Pole, in Piracicaba, interior of the southeastern state of São Paulo, with the objective of maintenance and increase of Brazilian competitiveness in the production of renewable fuel.
The bank target is to make US$ 16.8 billion available for financing. In 2003 the total was US$ 11.7 billion. A large part of these funds should go to investment in infrastructure.
Last year, sector sales rose 23.3% in contrast to 2002. The agribusiness trade balance has also shown a record: US$ 25.848 billion. The result makes agribusiness responsible for the entire US$ 24.824 billion global trade balance surplus in the country, as the remaining sectors have presented a deficit of US$ 1 billion in the period.
According to the producer and exporter association, the value has reached US$ 512.4 million in the period between January and November. In the whole of last year this total was US$ 481 million. The sector, however, is worried with the Russian decision to establish import quotas and has requested that the government provide incentives for foreign sale. Russia is the main market for the Brazilian product.
To the organization, uncertainty with regard to the country economy dropped drastically in 2003. In the area of foreign trade, lower export growth is forecasted and an increase in import is expected as the domestic market should warm up.
To the organization, uncertainty with regard to the country economy dropped drastically in 2003. In the area of foreign trade, lower export growth is forecasted and an increase in import is expected as the domestic market should warm up.
Regional jet ERJ 145, produced by Harbin Embraer Aircraft Industry Company, a joint venture between the Brazilian company and Chinese companies Harbin Aircraft and Hafei Aviation, which flew for the first time yesterday, is destined to the Chinese regional market. Over the next few years, the country should purchase 635 regional airplanes.
The Brazilian president arrived in Syrian capital Damascus at around 09:00am (local time). The presidential party includes ministers Celso Amorim, Luiz Fernando Furlan, Ciro Gomes and Walfrido Mares Guia, as well as the president of Brazilian state-owned oil company Petrobras, four governors, senators, and congressmen.
Development, industry, and foreign trade minister Luiz Fernando Furlan explained the government industrial, technological, and foreign trade policy guidelines yesterday. The measures include export support, together with financing and tax breaks.
Official schedule, announced by the Presidential Palace on Tuesday, includes Syria, Lebanon, the United Arab Emirates, Egypt, and Libya. The signing of bilateral accords and meetings between businessmen are expected. The president will also be participating in the opening of the Brazilian Week & Trade Exhibition in Dubai, the largest Brazilian business event ever to take place in the Middle East.
According to a spokesperson for the Brazilian company, the sale was for US$ 3.5 million. The company expects to end the year with 1,283 vehicles shipped to the Middle East.
Based on a study by the Brazilian National Food Supply Company (Conab), the Agriculture, Livestock and Supply Ministry informs that production can reach 127.7 million tons, with growth between 1.5% and 4.2% in comparison with the previous year.
