The Brazilian transport sector received US$ 123 million in foreign capital in the month of July. This value was US$ 119 million greater than it had been in the same period last year. This movement reflects multinational company interest in the logistics sector in Brazil. Country export is rising at a steady rate, increasing the demand for services in areas like transport and ports.
Author: Isaura Daniel
Isaura Daniel
A journalist with a degree from Unisinos and experience in economy and finance, she has been responsible for international coverages and amassed eight journalism prizes.
To the manager of the International Business Centre (CIN) of the Federation of Industries of the State if Rio de Janeiro, Caio de Mello Franco, who participated in the meeting yesterday (30) with a group of Algerian businessmen, "there is large trade potential to be explored" between the Arab country and the state. Since they landed in the state of São Paulo, last Thursday, the Algerians have met around 200 Brazilian businessmen. The contacts should generate around US$ 50 million in deals in six
Around 120 Brazilian companies went to Hotel Blue Tree Towers Convention Centre on Thursday and Friday to offer their products to Algerian companies visiting Brazil on a trade mission. The businessmen left very enthusiastic with the possibility of future business. Today, the mission will have another roundtable, this time at the offices of the Federation of Industries of the State of Rio de Janeiro (Firjan), also in southeastern Brazil.
Yesterday, on the first day of the event, around 90 commercial contacts were made between Brazilian exporters and Algerian companies on a mission to Brazil. Still yesterday, the Brazil-Algeria business council was established.
The Moroccans have increased their participation as suppliers of the Brazilian fish processing industry. Sardines from Morocco represented 11.83% of Brazilian import from January to July this year, as against 3.42% in the same period last year.
Brazilian government forecasts are being confirmed. Foreign capital is arriving in the country helping recover the infrastructure sector. Of the US$ 1.6 billion entering the country in July, 25% went to the area. The quantity of funds entering the country last month is more than double the volume entering the country in July. And the volume should rise even further from now on. The export sector should be the great attraction to foreign capital.
The Brazilian agricultural aircraft fleet, which has already risen 31% in the last three and a half years, should be boosted. Agricultural aircraft may be included in the Moderfrota, a government financing program with long-term payment and low interest rates. The sector is also awaiting liberation of the use of alcohol-fuelled aircraft. Both measures should reduce the cost of aerial crop spraying and expand farmer access to the service.
Isaura Daniel São Paulo – Brazil has potential to receive investment from Arab countries, especially in the food, agribusiness, textile, and shoe sectors. This statement is by Deloitte Corporate Finance partner Ricardo de Carvalho. "Brazilian companies have products and technology, but they need capital to grow. In Brazil, money is very expensive," he stated. Carvalho
In the first seven months of this year, the import volume (411 tonnes) rose 39.4% in contrast to the same period last year. The cotton, long and extra-long fibre, comes from Egypt to supply Brazilian producers of nobler and more expensive textile products. The Arab country produced around 289,700 tonnes of cotton last year and exported 61% of the total.
This target was stipulated yesterday (19) during a meeting between technicians and negotiators of the South American bloc, in Brazilian capital Brasília. The signing should mark the start of negotiations for a free trade agreement with the Arab country. They also finalized a proposal for a trade preference treaty to be signed with Egypt.
Audaces, a company from the southern Brazilian state of Santa Catarina, which produces software and equipment for the garment industry, is going to ship its first products to Egyptian companies Hedtex Company and Mesk Makka, both in the garment area, in September. The sale was executed through a local distributor.
Last year, 280 new small companies started selling to both regions. They are currently 939 companies, and represent 27% of those exporting to the region. The micro and small companies have improved their products, learnt to deal with exchange rates and export procedures, thus having revenues of US$ 1.7 billion in foreign trade last year, US$ 400 million over the 2002 figure.
Within 10 years, Brazilian coffee producers may see crop productivity rise from the current 17 to 19 bags per hectare to between 30 and 32 bags per hectare. In the future they will grow coffee developed in the Brazilian Coffee Genome project, the largest data bank for research of the plant in the world. Researchers are going to identify the function of genes, and are going to transport the best to commercial varieties.
Around 30 Algerian businessmen and government representatives will spend five days in the country. They are interested in buying from meats to construction material. Brazilian companies interested in participating in the business roundtables should get in contact with the Arab Brazilian Chamber of Commerce or the Algerian Chamber of Commerce and Industry.
