According to Brazilian Finance minister Guido Mantega, tariffs should be reduced to offset the dollar hike in the past weeks. Tax on items such as steel, fertilizers and glass increased in 2012.
Browsing: Economy
The Arab country was the ninth main buyer of products from these Brazilian companies from January to May, purchasing US$ 217 million. Saudi Arabia and Libya were also among the main importers.
According to Brazil’s Finance minister Guido Mantega, travel, tickets, third-party services and rent expenses will go down the most.
The fund has lowered its 2013 GDP growth estimate from 5% to 4.5%. ‘There is no substitute for a far-reaching relaxation of Israeli restrictions, said IMF mission chief Christoph Duenwald.
In Brazil, 1.4 million automobiles were sold in the first half of 2013, up 8.6% from the same period in 2012. The number of units manufactured was down 7.8%.
The Brazilian Martha’s Alimentos began executing its internationalization plan and one of the goals is to sell to the Arab world. The company manufactures high-quality products with raw material it makes itself.
The chairman of the General Union of Arab Chambers of Commerce, Industry and Agriculture received the award during a conference in Vienna, Austria.
The Brazilian Central Bank’s index shows international prices of staples were up in June from May. Over the past twelve months, prices were up 6.93%.
According to the Central Bank of Brazil, the negative balance was US$ 2.6 billion. The result came both from the financial and trade sectors, responsible for import and export operations.
On average, 1.89 million barrels of oil were extracted daily, down 1.7% from April. Total output, including natural gas, was down 2.1%. Daily output in the pre-salt area was a record.
FR Hueb inaugurated a showroom in Abu Dhabi, at Al Wahda Mall Extension, in mid-June. The company manufactures high-end jewellery and already had a shop in Dubai.
The Brazilian balance of trade recorded a US$ 2.4 billion surplus. Exports stood at US$ 21 billion, up 9.7%. It was the highest increment in 2013.
Brazil should receive 6.2 million people from abroad in 2013, according to the Ministry of Tourism. The Confederations Cup has attracted 25,000 foreigners.
Financial institutions now estimate growth of Brazil’s GDP at 2.40% in 2013. Next year, the expansion should be 3%.
