Browsing: Economy
Agência Brasil Brasília – Minister of Mines and Energy, Dilma Rousseff, and minister of Foreign Relations, Celso Amorim, met with the US secretary of Energy, Spencer Abraham, yesterday (19) in Brasília. According to Rousseff, Brazil is interested in using its sugarcane-based ethanol to generate electricity, but discussed a bilateral cooperation agreement with Abraham for studies
The factory was established in 1956 by Hungarian immigrant Johann Gordon, who produced work clothes, first in Hungary, then in Morocco, where he spent a period before moving to Brazil. The North African country still has a strong tradition in the textile area.
If confirmed, this result will represent 30.5% over the 2003 volume. To the president of the Arab Brazilian Chamber of Commerce, the US$ 300 million monthly average in the first quarter of 2004 has been surprising. He also pointed out increased export to countries in North Africa, which have risen from 29% to 42% of total trade.
Egypt has been the leader in import of Brazilian products since the beginning of the year. There have been sales increases to almost all countries in the region.
As decisions regarding the Free Trade Area of the Americas (FTAA) have been postponed, the Brazilian government has decided to ask for international markets to be more open to Brazilian exports. Internally, the government is also concerned with logistics for agricultural product transport to the market.
The terminal located on the northern shore of the state of São Paulo will start being used to ship vehicles. A total of 2,000 cars will be shipped every month, in an agreement between Dersa (the Brazilian Highway Development Department) and shipping company Mitsui.
In a market where the most famous players are Belgian and Swiss, DoceCafé, based in the city of Jundiaí, in the interior of the southeastern state of São Paulo, is investing in fulfilling specific demands by future importers from the United Arab Emirates, and is already developing packages in Arabic. The factory also intends to seduce consumers in countries such as Norway, Sweden, and Germany.
Many of these suggestions refer to taxes. Minister Luiz Fernando Furlan (Development) stated that some of them could be put in practice still this half.
This division of the Duratex group, which produces metals and ceramics for bathroom use, is harvesting the first concrete results of prospecting markets such as the United Arab Emirates, Saudi Arabia, Kuwait, Lebanon, and Bahrain.
Funds made available by the Brazilian Development Bank (BNDES) in the first three months of the year were 72% greater than in the same period last year. Small and medium companies received around US$ 940 million, and the agriculture sector alone received around US$ 540 million, a 195% increase with regard to 2003.
The information channel about business opportunities outside the country was one of the programs announced yesterday by Development minister Luiz Fernando Furlan at the offices of the Federation of Industries of the State of São Paulo (Fiesp). The other was simplification of the drawback system, which provides tax breaks on import of raw material.
Agência Brasil Rio de Janeiro – Petrobrás reports that it will now become an active player in one of the most competitive markets in the world: fuel for the shipping industry in Asia. The company says it has been supplying fuel, known as "bunker" (which has a low sulfur content) since April 6, after winning
In the second week of the month, the surplus was US$ 468 million. Export totalled US$ 1.455 billion, and import US$ 987 million.
