Brazilian exports outstripped imports by US$ 292 million last week. There was a slowdown in foreign trade volume compared with April 2011.
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The agreement was signed with Britain’s Chariot Oil & Gas company, which will produce off the African country’s coast.
The country sold over US$ 1.2 billion to the region in March. Imports advanced 40%, but the trade balance maintained a US$ 415 million surplus.
The capital of the Arab country, Nouakchott, will host the 2nd Maghreb Islamic Finance Forum on April 14th and 15th.
In the country, 18 professionals have been trained and another 18 are being trained to communicate in sign language. The goal is to be a leading country in serving the hearing and speech impaired.
The Lebanese city of Chtaura will be home to a new chapter of the Alecrim group, an initiative which promotes Brazilian culture-oriented activities for children in foreign countries.
Campo Alegre Artisans Association, in the state of Minas Gerais, exports clay items to the Netherlands and plans to enter other foreign markets.
The country needs the money to meet short-term commitments. The International Monetary Fund (IMF) warns authorities of the need for structural reforms in the local economy.
The surplus was the result of trade operations, as the financial movement registered a deficit. Brazilian foreign currency reserves rose to US$ 365 billion.
The index which monitors the average prices of internationally priced primary goods exported from Brazil increased by 2.67% in March, according to the Central Bank.
Measures for support to foreign trade are part of the package presented by the government of Brazil on Tuesday. Among them is a new type of financing to benefit sales through trading companies.
The federal administration announced production fostering measures in Brazil. These include broader tax breaks on companies’ payrolls and lowered Brazilian Development Bank interest rates.
The bank plans to take the Exim Automático program, for export credit, to Africa. For the time being, the line for purchase of Brazilian capital goods is available in countries in Latin America.
Projects implemented in Brazil received 28.2 billion reals (US$ 15.4 billion) worth of financing last year. Transport and logistics was the industry with the highest volume of funds.
