Brazil enters the second month of the year with a negative balance of US$ 741 million. Exports dropped in February, up to the 10th, while imports grew.
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This is the first traunch of a US$ 5 billion donation that the countries of the Gulf Cooperation Council (GCC) should make to the Moroccans up to 2016.
Analysts of financial institutions have reduced their forecast for growth of the country from 3.10% to 3.09% in 2013. The forecast for 2014 has grown.
The throughput in the state’s ports totalled 2.85 million tonnes in January. Most of the export went to maize and sugar.
The sector is expecting sales to the Middle East to be up 10% to 15% in 2013. Thirty nine companies attended a fair in Dubai in late January, and closed US$ 1.5 million worth of deals.
Terminal in Jebel Ali had a throughput of 219,000 tonnes in 2012. By 2015, Dubai’s two airports should carry a combined 3 million tonnes of cargo.
Funds for financing projects in 2013 will come from the Government Severance Indemnity Fund (FGTS).
The sector had a reduction in the number of work posts last year in 12 of 14 areas researched, according to an IBGE research.
A World Bank database shows that the cost of doing business among lower income nations is higher due to lower logistical quality and the dearth of links to transportation networks.
Exports to the region totalled US$ 14.83 billion. The great stock of food, the European crisis and political problems pushed the drop. Brazilian imports from the Arab rose 11.15%.
Figures released by Brazil’s Motor Vehicle Manufacturers Association indicate a 31.9% increase in production in January 2013 from January 2012. Sales during the month reached 297,200 units.
Brazilian industry revenues were up 2.4% last year from the preceding one. To the National Confederation of Industries (CNI), however, it was a bad year for the processing industry.
According to Brazil’s minister of Finance, Guido Mantega, the bids should take place before the first half of the year is through. The auctions will start in a month.
IMF says the macroeconomic policies of the Arab country are solid, but observes that local authorities need to promote more reforms to guarantee the wellbeing of the population.
