Brazilian President Luiz Inácio Lula da Silva is going to approve, up to the end of this month, five provisional measures to benefit companies that work in foreign trade. The measures, which involve tax reductions, are going to reduce the cost for installation of industrial units, accelerate decisions for investment in the country and sponsor exports.
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.
This performance means a growth of R$ 5.7 billion (US$ 2.3 billion) when compared to the same period in 2004, and was influenced by the increase in the prices of the commodity. On May 12th, for the first time, company production exceeded 1.8 million barrels a day, reaching Brazilian consumption, but self-sufficiency has not yet been reached as average production has not yet arrived at this level.
The value is the sum of the riches generated in one year by the 34 countries which will be represented at the summit for the two regions, which takes place Tuesday and Wednesday. On the Arab side are oil giants, such as Saudi Arabia and the United Arab Emirates, and on the Latin side great agriculture producers such as Brazil and Argentina. Tomorrow will be the opening of the business meeting which will gather businessmen of the two regions.
The prime ministers of Syria and Lebanon arrive today at the federal capital of Brazil to participate in the summit. The two ministers and the president of Palestine, Mahmoud Abbas, will have meetings with president Luiz Inácio Lula da Silva even before the summit starts, on Monday. Yesterday one of the first Arab officials arrived at the city, the president of the League of Arab States, Amr Mussa.
Products like cars and aeroplanes, with high added value, had the largest daily average in exports in the first three weeks of the month of April: US$ 63.6 million. In the second place came metallurgy products, soy and oil. In the year, the trade balance surplus totalled around US$ 10.6 billion, and exports totalled US$ 29.5 billion.
This statement was made by the Brazilian minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, last week, and is strengthened by specialists in foreign trade. Despite the Brazilian currency having gained in value against the dollar since the end of last year, exports continue on the rise. In the first quarter, they grew 25.7%.
The originality in the clothes is powering the entry of micro and small Brazilian textile factories in the foreign market. To escape competition with the Chinese factories, known for their low prices, the national confections bet on the segment of differentiated products, almost exclusive. In the list of companies that won foreign clients with this strategy are III Milenium, from the southernmost Brazilian state of Rio Grande do Sul, and Fhio de Linha, from southeastern Minas Gerais. Clothes emb
This percentage is only smaller than that registered in the same period in 1995, when Brazilian riches rose 6.4%. The largest growth was presented by industry, but there was also evolution in the remaining areas of the economy, like agribusiness and the service sector.
The meeting, to take place on September 14 and 15, in São Paulo, in southeastern Brazil, will precede the summit between heads of state of both regions, scheduled for the beginning of 2005. The seminar will be a large debate about Arab culture, history, and society. "We want to take advantage of the summit to make the Arab world better known in Brazil," stated Heloisa Vilhena de Araújo, director of the Brazilian Foreign Ministry Research Center (Ipri).
The meeting, to take place on September 14 and 15, in São Paulo, in southeastern Brazil, will precede the summit between heads of state of both regions, scheduled for the beginning of 2005. The seminar will be a large debate about Arab culture, history, and society. "We want to take advantage of the summit to make the Arab world better known in Brazil," stated Heloisa Vilhena de Araújo, director of the Brazilian Foreign Ministry Research Center (Ipri).
The region presented the greatest growth among Brazilian product destinations in the month of August. The country had revenues 95% greater with shipping to the Middle East than in comparison to the same month last year. Brazil had revenues of US$ 9 billion with export in the period, a 35% growth other the month of August in 2003. This shows that the country is managing to sustain the export growth despite an improvement in domestic demand.
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.
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.
