The United Arab Emirates purchased 111% more product from Brazil in quarter one this year. However, the average price per pair was down 37.4%.
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The funds will be allocated to construction of an iron ore mining unit, with an annual capacity of 90 million tonnes, and of a railway line.
Index measured by CNI shows that the confidence of industrial entrepreneurs in the economy in Brazil dropped in April over March and reached the lowest level in the past five years.
The figure was a result of US$ 4.672 billion in exports and US$ 4.15 billion in imports last week.
Financial institutions polled by the Central Bank have revised up their growth projection for the Brazilian economy in 2014 from 1.63% to 1.65%.
The port complex in Morocco handled 735,000 containers in quarter one. New routes, including one to Brazil, fuelled the performance.
The funds are intended to help the Arab country manage its debt and improve public finance management.
A study from the Fund on countries undergoing transformations indicates that the challenge lies in meeting the population’s desires, such as increased participation in decision-making and job creation.
A resolution has changed the certification process for inbound medication to Brazil, which should become swifter according to the National Health Surveillance Agency (Anvisa).
Value was applied in the country in the past ten years. Last year FDI was US$ 11.5 billion, up 20% over 2012.
Brazil’s Foreign Trade Chamber (Camex) has cut the tax on capital goods imports from 14% to 2%. The measure will remain valid until the end of 2014 and includes 95 types of products not made domestically.
Foreign sales were down 7% from 2009 to 2013, from US$ 162 mn to US$ 150 mn, according to the Rio de Janeiro State Industry Federation. In the same period, exports from Rio were up 17%.
The World Economic Outlook report warns of lower demand for oil and political instability in the Middle East and North Africa countries.
Technicians from the Brazilian Institute for Geography and Statistics (IBGE) institute believe there are evidences of increased output in the first two months this year. Production was up 1.3%.
