Economists state that the country is getting ready to face a probable reduction in economic activity, but reflexes may be felt in commodity exports.
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This is one of the industrial policy targets launched on Tuesday by the Federal Government. It forecasts fiscal incentives for industry, reduction of tax burden on exports and support to innovation.
Oil extraction reached 2.13 million barrels per day in June. Natural gas extraction reached 67.3 million cubic metres.
The organisation headquartered in Davos is going to promote a meeting in the United Arab Emirates in October to discuss a ‘Global Agenda’. Among the themes are food safety and financial stability.
Event promoted by Arab Brazilian Chamber and the Export Promotion Agency at the Federation of Industries of the State of Santa Catarina will be broadcast via teleconference to all Brazilian states.
The Brazilian balance of trade recorded a surplus of US$ 3.1 billion in July, as against US$ 1.3 billion in the same month of 2010.
The Arab country has an expressive textile industry and has been expanding sales to Brazil. In the sector, one of the highlights is the production of jeans, supplying European retail chains.
Brazilian fashion industry associations are investing together in innovation and trade promotion abroad. The work involves the creation of a brand for the sector and consultancy services to companies.
The country was visited by 4.2 million people in the first half of this year. There was growth in the number of visitors from many European countries, despite the continent’s dire economic situation.
The savings by the federal, state and municipal governments to cover interest on public debt reached US$ 8.6 billion in June.
Aircraft maker profited US$ 99.5 mn in the second quarter, as against US$ 77.5 mn in the same period of last year. In comparison with the first three months of 2011, however, there was a decline.
World Economic Forum will have its regional edition for the Middle East and North Africa from October 21st to 23rd. The meeting will have the ‘Arab Spring’ as its backdrop.
The Brazilian Mining Institute (Ibram) shows that companies that work with ores are going to invest the funds in Brazil over the next five years. Global demand is on the rise.
The currency reached its lowest value relative to the Brazilian real in the last 12 years last Tuesday, and the government authorized the charging of a 25% tariff on derivatives contracts.
