Author: Mark Ament
Enactment of the Brazilian information technology law, which forecasts exemption of the Industrialized Product Tax (IPI) in some states and an 95% reduction in others until 2014, among other incentives, should boost sector investment from the current R$ 600 million (275 million) to R$ 1 billion (US$ 460 million) by 2007. To the minister, the loss of income from the taxes should be compensated by greater sector revenues.
Fibrafort, based in the state of Santa Catarina, already sells boats to Egypt and Kuwait and wants to increase its business with the region. At the beginning of next year, the company export manager, Marcelo Puscar, should travel to Saudi Arabia and the Emirates.
Brazilian shoe factories participated in Micam fair, in Milan. After the contacts made, Sapatoterapia, from São Paulo, for example, is going to ship 10,000 pairs of shoes to Saudi Arabia, the United Arab Emirates, Oman and Kuwait. Siboney, from Rio Grande do Sul, in turn, entered the Egyptian market.
During an event at the Monte Líbano (Mount Lebanon) club, in São Paulo, the Brazilian minister of Foreign Relations, Celso Amorim, spoke about the operation for removing three thousand Brazilians from Lebanon during the Israeli attacks between July and August this year.
Agência Brasil* Brasília – In 2005, formal employment in Brazil rose 5.83% when compares to the previous year, with the creation of 1.831 million jobs. This figure was disclosed in the Annual Report of Social Information (Rais), disclosed today (27) by the Minster of Labour and Employment, Luiz Marinho. According to him, this was the
Celulose Irani began sales to the Arab market 10 years ago and is now the leader in the segment of Kraft paper, appropriate for food packaging. It was the first company in the paper and cellulose sector to have carbon credits issued in accordance with the Kyoto protocol.
Representatives of Kenana Sugar Company, the largest company in the sector in the African country, visited the Nova América terminal at Santos Port. They want to use the same transport procedures adopted in Brazil to transport their commodity through the Red Sea.
Sales by Brazilian cooperatives to the Arab countries in the Middle East grew 43% in the first half of this year when compared to the same period in 2005. This is the third greatest market for these organizations, only behind Asia and Europe. The Emirates and Saudi Arabia are among the main destinations in the region for the products.
Dagatinha, which make female shoes, have most of their foreign clients in Kuwait. The clients participate in fairs in São Paulo, southeastern Brazil, twice a year and import, at the least, 6,000 pairs of shoes. Bright dress shoes, like golden, silver and bronze shoes, are those most shipped to the region.
The increase in demand is the main factor for the investment that is being announced and may rise as high as R$ 20 billion (US$ 9.1 billion at current exchange rates) between 2007 and 2010, according to the Brazilian Development Bank (BNDES). Apart from that, the competitiveness of the Brazilian industry is transferring capital from the Northern to the Southern hemisphere.
According to the president at Brazilian Poultry Exporters Association (Abef), Ricardo Gonçalves, the industry is agile and may win a large share of the Egyptian market, which has just been opened. The government of the country allowed imports of chicken in July and Brazil had already exported over 21,000 tonnes up to the middle of September.
