The unit the Brazilian food sector company aims to set up in the Emirates will use local labour, but raw material will be imported from Brazil. The company may develop specific brands for the region.
Browsing: Economy
According to the Central Bank, foreign reserves of Brazil grew 20.7% last year and expanded 22.18% this year up to Thursday (18).
The Ministry of Agriculture issued a normative instruction for sales of sardines, imported or domestic, in the country, and for exports as well. Brazil does trade in this area with the Arab world.
The Brazilian president stated that the country is capable of protecting itself of international economic turbulence, which mostly affects Europe and the United States.
National Conference of Industries shows that businessmen in the sector are less confident. The research shows a 1.5 point reduction in August as against July.
The Arab country had revenues of 2.7 billion euros with foreign sales of phosphates and its products in the first half. Brazilian imports answer to around 12% of the total.
Apart from participating in the race, in November, a group of 40 people will visit historical sites in Lebanon. The event has been taking place since 2003 and Brazil participates since 2004.
The sector should end the year with a small rate of growth, lower than the average of the last few years, which was 2%, according to projections of the Brazilian Packaging Association.
The Brazilian oil company should end 2011 with a trade deficit due to rising domestic consumption of oil derivatives, especially gasoline.
According to an Applied Economic Research Institute specialist, greater confidence in economy and the inflow of speculative capital explain the rise in foreign investment in Brazil since late 2010.
Created for the international market, cosmetics brand Phytophilo has exported to Kuwait and the Emirates. Now it wants to resume sales to the Arab world.
The Brazilian company, a maker of agricultural equipment, plans to start importing tractors from Argentina. Later it should begin assembling and producing in Brazil. The plan includes exports.
Pre-salt layer oil exploration should foster the growth of various sectors of the industry and generate 2 million jobs by 2020 in Brazil, according to a study of the Petroleum Industry Organization.
Saudi Arabia bought US$ 200,000 a month in products from the furniture hub in Ubá, Minas Gerais, in 2010. Imports should rise to an average of US$ 250,000 a month this year.
