Brazilian foreign sales in the sector dropped from 52,700 units in April 2013 to 36,700 last month, according to Anfavea. The figures include cars, light commercial vehicles, trucks and buses.
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Managing director of the IMF said in Rabat, Morocco, that the nations of the Arab Spring need to boost small and medium-sized companies and the growth of middle class.
Exports are benefiting from the scenario of higher global growth and the rising dollar, according to report of the Brazilian Central Bank.
Foreign sales from Brazil amounted to US$ 3.2 billion in Q1, an increase of 27.8% over the same period last year.
The IMF says the fiscal reform implemented in 2012 is bearing fruit. According to forecasts, inflation should decline and the economy should grow further, but the Fund warns of high unemployment.
Report on the economic perspectives for the Middle East and North Africa shows that countries will grow in 2014 and 2015, though all of them will have long-term challenges.
Celso Amorim said the mark would ideally be attained within a ten-year period. At this time, 1.5% of Brazil’s Gross Domestic Product is allocated to the sector.
Higher production at national fields in Brazil took place in March over the same period in 2013. In comparison to February this year, there has been an increase of 1.4%, or 2.1 million barrels per day.
The region’s imports of Brazilian products were down by US$ 70 million April-on-April. However, overall, the trade balance showed a US$ 506 million surplus on Brazil’s side.
Financial institutions polled by the Brazilian Central Bank estimate that the country’s GDP will be up 1.63% in 2014. Last week, the projected rate was 1.65%.
Professor at the FGV-SP School of Economics, Claudio Jorge Monteiro, will speak to businessmen about what needs to be considered for an optimal relationship with banks and for raising funds on the equity market.
Auchan operates in 15 countries and will open five commercial centers in the Arab nation. Initiative is a signal of the resumption of the investment.
The company posted R$ 797 million in revenues in Q1 this year. Revenues denominated in US dollars stood at US$ 338 million.
Brazil’s Foreign Trade Chamber has reduced the import tariff on frozen sardine from 10% to 2%, for a quota of 23,000 tonnes until September 30th. Brazil imported 9,500 tonnes from Arab countries year-to-date through March.
