Browsing: Economy

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%.

Foreign sales from Brazil stood at US$ 3.8 billion in the first four work days of the month. Average daily exports were up 4.1% from March and 3% from the same period in 2013. The trade balance is running a deficit.

The openings will be created in Brazil’s 12 host states between April and June, as per estimates from the National Federation for Trade in Goods, Services and Tourism.