With Saudi Arabia in the group’s presidency, the world’s biggest economies said they will keep close track of the impact of the pandemic on markets.
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The organization will keep providing certification services, just not from its headquarters.
The company decided to implement a temporary suspension of most passenger operations by March 25.
The Arab Chamber decided to cancel the corporate tour scheduled for June due to coronavirus concerns.
This was the only product category whose sales increased in the first two months of this year, on the back of ferroniobium, gold, and maize oil.
The Brazilian institution established a USD 60 billion swap line with Fed to increase the supply of the US currency in Brazil.
Brazilian Foreign Trade Association chair José Augusto de Castro expects food products to be the industry least impacted by coronavirus when it comes to exports, although there will be repercussions from plummeting prices and issues at seaports.
Several countries consider plans of assistance to the sector in the face of flight cancellations due to coronavirus.
Brazil government announced tariff relief and other measures to deal with coronavirus, including temporary relief from IPI for goods used to fight the disease.
Demand for foreign products was up 14.6% and for domestic products 8% in January from December.
Several Arab countries made their announcements this Monday (16), in the wake of a historical interest rate cut put in place by the United States.
Brazil’s Banco do Brasil and Caixa Econômica Federal announced that financing will be made available to businesses whose finances take a hit from the pandemic.
Food trade balance in the Arab country posted surplus in the first two months of 2020 due to drop in the value of some imports.
The emirate’s trade balance posted a 5.4% decline. Manufactures topped the list of most imported merchandise.
