Non-nationals working in the country wired 17.3% more cash to their home countries in the first three months of this year.
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President Michel Temer spoke on the opening ceremony of the Brazil Investment Forum 2018. The Arab Chamber was represented in the event, which is organized by Apex-Brasil.
Anticipated payment of government judicial securities impacted the finances of the Brazilian Central Government.
Purchases declined by 10.1% in the four months through April, industry association Abiquim said. Imports also slid.
Companies taking part in exports promotion program Brazilian Footwear have picked Saudi Arabia as one of the markets to be explored in 2019 and 2020.
The month saw the best result in four years, with BRL 130 billion collected, according to Brazil’s Federal Revenue Service.
That’s the estimation made by the Brazilian Foreign Trade Association (AEB). According to the association’s president, goods have not been reaching the ports to be shipped.
Brazilian financial market players expect the economy to see 2.37% growth this year, down from a prior estimate of 2.50%.
Brazilian cosmetics company already exports to Iraq, UAE and Saudi Arabia. Main products sold to the Arabs are Brazilian hair straightening products, hair mask and serum.
Survey shows that climbed from 25% to 34% the percentage of Brazilian micro and small business owners willing to invest in the next six months. The purchase of machinery is among the priorities.
A report from the international organization on the country stresses the need for reforms to enable medium-term growth. The IMF, however, sees Brazil resilient against external shocks.
Speaking in a seminar in Rio de Janeiro, Ilan Goldfajn said that the normalization of interest rates in developed economies has been causing volatility in the international market.
Purchases were done in Q1, according to a survey by KMPG. Mergers and acquisitions increased 15% in the period in the country.
For the third consecutive month, the country registered a current account surplus in April.
