Luiz Moan Yabiku Júnior said foreign sales should rise and eventually reach 1 million automobiles in the next three years. Increasing output is another goal of the new administration.
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In the third week of April, Brazilian imports amounted to US$ 6.9 billion and exports stood at US$ 4.6 billion. The deficit was US$ 1.3 billion.
The country will have the right to collect US$ 1.75 billion in the period in 24 months. The objective is to support the programme for economic reforms of the local government.
Algeria’s two-time former minister of Finance, Abdellatif Benachenhou, is coming to Brazil to launch “Emerging Countries,” which was released in 2011 and is now being published in the country.
Most of the country’s onshore gas will be used in generating power. A tender for exploration of onshore blocks is due in October.
Exports of trading companies from Brazil to the Arab country generated US$ 173 million in the first quarter and grew 218% over the same period in 2012. General sector sales abroad dropped 4.5%.
Petrobras informed that starting next year, the country’s output volume will match that of consumption. From 2007 until last year, demand for oil products was up 4.9% and output was up 3.4%.
Company was pre-qualified to participate in the tender for exploration of offshore oil and gas in the Arab country. The bids will be presented on May 2nd.
A research by the National Confederation of Industries shows growth in sector production, from 46.1 points in February to 52.9 points last month.
Congestion in Santos Port also affected Brazilian sales to the Arab world, which dropped 3.3% in March. In the first quarter there was growth, with exports focussed on food and ores.
The number of formal jobs generated dropped as against February, when 123,400 new work posts were generated in the country. This was the best march of the last three years.
Dollar outflows from Brazil have exceeded inflows by US$ 2.941 billion in the second week of April, according to Central Bank figures.
The Fund’s World Economic Outlook report indicates that oil-exporting countries in the Middle East and North Africa will grow at a slower pace due to reduced demand. The importers are still troubled by political unrest.
A report from the International Monetary Fund estimates that the Brazilian economy should grow by 3% this year. The estimate is down 0.5 percentage point from January.
