Sales to the region increased for the first time this year, exceeding US$ 1 billion. The performance was driven by sugar, iron ore and chemicals.
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Exports by Brazilian footwear companies were up 3.5% June-on-June, following three straight months of decline. In the first half, however, sales were down 2.6%.
Rating agency announced it has kept the country’s sovereign credit rating as BBB with a stable outlook. This means there should be no short-term changes.
Brazil’s Apis Vida is obtaining a halal certificate and is interested in selling to countries such as Saudi Arabia, Morocco, Libya and United Arab Emirates.
A new federal government website should cut down export- and import-related spending by businesses by approximately US$ 22 billion in the medium term, according to the Ministry of Development.
The daily average was up 17% in the first four business days of July from the average in July last year, according to Brazil’s Development Ministry. Foreign sales of semi-manufactured goods grew the most.
Brazil produced 2.721 million barrels of oil equivalent in May, including 2.189 million oil barrels and 84.5 million cubic metres of gas.
Financial organizations revised down the Brazilian economy estimate for 2014. It moved from 1.10% to 1.07%. This is the sixth consecutive reduction.
The country’s Foreign Trade Chamber has taken action against six countries. The duties will be levied on flat glass imports from China, Saudi Arabia, Egypt, United Arab Emirates, United States and Mexico.
Report by Unctad on the continent says African growth is not sustainable as it is based on consumption. Organization calls on countries to invest in infrastructure, agriculture and industry.
The increase took place May-on-May. The demand amounted to 76 million cubic metres per day during the month.
The 13th round for oil and gas exploration blocks is scheduled to take place in June next year. Areas will be offered under concession system.
The products will be 100% Brazilian-made and should hit the market in 2017. The project involves Fiocruz, Instituto Vital Brasil and joint venture Bionovis, formed by Sem, Aché, Hypermarcas and União Química.
Brazilian government launches portal that brings information on how to export, import and invest in Brazil, besides logistic data. Goal is to gather there all the information regarding foreign trade.
