The minister of Development, Industry and Foreign Trade, Miguel Jorge, said that the elevation of the benchmark interest rate (Selic) to 10.25% a year should not affect the trade balance.
Browsing: Economy
Brazil is highlighted as an oil producer in the US Energy Information Administration report. The country leads in growth outside the OPEC. The expansion volume is close to that of Saudi Arabia’s.
Stylist Jorge Bischoff started exporting to a Saudi retail chain this year. In July, the importer should come to Brazil for a new order. Innovation and elegance are brand characteristics.
Revenues from shipments to the region totalled US$ 984.7 million in May, representing growth of 25.7% over the same month of last year. From January to May, sales total nearly US$ 4 billion.
Global Economic Prospects report estimates average annual growth of 5.7% to 6.2% between 2010 and 2012 for developing countries. The world GDP should rise by 2.9% this year and 3.3% in 2011.
Brazilian medical and dental equipment manufacturer already sells to 15 Middle Eastern and North African countries and wants to expand its exports. It is now negotiating its entry into Bahrain.
Foreign sales of vehicles totalled US$ 1.1 billion in May, representing growth of 27.2% over April. It was the industry’s best result since October 2008, when the turnover was US$ 1.3 billion.
The growth is in comparison with the same period in 2009 and represents the largest expansion since the figure started being recorded. Figures were disclosed on Tuesday by the IBGE.
Mate Laranjeiras, from Paraná, wants to win space abroad after selling to the Arab market. The plan also includes the opening of an office in the region.
The investment was made since 2004 and concerned exploration and production. The independent entrepreneurs operate in mature continental basins.
Jordan already is one of the leading markets for Saraiva Retrovisores, which also sells to the Emirates and Qatar. Now it seeks new distributors in these and other Middle Eastern countries.
Up until the 6th this month, Brazilian exports totalled US$ 3.2 billion, and US$ 75.29 billion year-to-date. Imports totalled US$ 2 billion in June so far.
Química & Petroquímica exhibition is due June 21st to 24th at Anhembi, in the capital of São Paulo. It should be attended by suppliers of the segment and 12,000 buyers from 15 countries.
There was growth in financial assets, deposits and credit in the region from last year to date. This was one of the themes of the last day of the investment forum in Bethlehem.
