A panel during the opening of Campo Grande Expo this Tuesday in Mato Grosso do Sul, Brazil featured the president of the Arab Brazilian Chamber of Commerce, Rubens Hannun.
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Foreign sales reached over USD 1 billion. It is the first time that mark is surpassed in 63 months.
Exports by the bloc’s members were up a meager 0.4% in Q1, while imports slid by 1.2%. The organization points out the negative effects of the USA-China trade war.
The 51st edition of the premier shoe industry exhibition in Brazil will run from June 3 to 5 in São Paulo. Doha-based retail company 2point has been invited, alongside guests from 16 different countries.
Director of the Agribusiness Promotion Department of the Ministry of Foreign Relations, Alexandre Ghisleni, visited the Arab Brazilian Chamber on Monday to discuss agribusiness opportunities.
Expenditure during international trips was down 3% in April and 10% year-to-date through April, the Brazilian Central Bank reported. A strong US dollar makes it more expensive to go abroad.
Government approved new austere budget for 2019 aimed to cut the deficit to 7.5% of GDP from 11.5%.
Banks keep reducing their estimate for Brazil’s GDP. Expectation now is that the economy will grow 1.23% in 2019.
Brazil saw 129,600 posts created, the biggest number for the month since April 2013.
The fertilizer manufacturer saw revenue climb 20% in Q1, with results driven by markets including Brazil.
Slated to open in 2020, the new facility will work to increase exports from the Brazilian state to the United Arab Emirates, and to promote the administration’s privatizations program.
According to IBGE, this was the greatest change for the month of May since 2016.
Marcelo Prado is a partner-director at the trading company Braz Foods together with Kuwaiti businessman Sabah Al-Sabah. For seven years, they have exported açaí and other sorbets made of Northern Brazil fruits to the Arab country and wants to expand business to the Middle East and North Africa.
The United States government, which had been preventing Brazil from joining the organization, has now given its formal support.
