Besides foreign currency earnings, the benefits of operating overseas include gaining brand awareness, and learning and adapting to global market trends. Challenges, on the other hand, are planning, getting a skilled staff, and complying with rules and regulations of each country, as well as costs.
Browsing: Economy
The Brazilian footwear industry shipped 102 million pairs abroad year to date through October. The recorded drop reflects the global slowdown and Chinese competition, said the sector association.
The fund and local authorities agreed to a USD 1.2 billion loan. The country is expected to grow 2.6% this year.
Saudi Arabia’s Public Investment Fund has raised its stake in the UK luxury carmaker to 20.5% from 17.9%.
The Export director of Minerva Foods, Murilo Corral (pictured below), pens an article on the increasing global consumption of halal protein and the company’s strategy to meet this demand.
The recruitment roadshows for wide-body aircraft captains and first officers will be held in São Paulo on Wednesday (8) and Thursday (9).
In a panel at the Brazil Africa Forum, experts said there is a growing demand for halal-certified products in the continent. Africa has 30 Muslim-majority countries.
The vice president of Brazil and minister of Development, Industry, Commerce, and Services, Geraldo Alckmin, participated in the launch of the Export Qualification Program (PEIEX) Center in Ribeirão Preto, São Paulo, which aims to qualify 175 companies in the region, 60% of which are micro and small businesses.
An International Monetary Fund mission warned that geopolitical tensions and environmental challenges could affect the country’s growth.
The country has approved amendments allowing for companies whose foreign investors’ share is over 49% to be registered in the importers’ record. The measure aims to facilitate foreign investment.
The biggest annual supermarket sector show in Latin America brings together more international companies with each edition, including Arab ones.
The Arab country demonstrates sound domestic economic activity. Non-oil revenue is expected to grow by over 4% this year, driven by tourism, construction, and real estate. Fiscal and external surpluses remain high on the back of high oil prices.
The Egyptian government announced a six-month exemption of import tariffs on products such as poultry, dairy, offal, teas and oils. The measure aims to help the country offer lower prices to its population and could boost Brazilian exports.
A study published last week by ApexBrasil assesses the potential of the Moroccan market for Brazilian lobsters and poultry genetics. Brazil’s agricultural attaché to Rabat, Ellen Laurindo, said these are products that aren’t yet exported to the country.
