The chamber’s stand will have food and personal care exhibitors from Lebanon, Tunisia, the UAE, Egypt and Jordan. The show starts on Monday in São Paulo.
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The Arab Brazilian Chamber stand at APAS Show uses typical elements and was inspired by the architecture of a Saudi university. The chamber president highlights the importance of the visual impact.
Agricultural industries from Lebanon exhibit in show at Clube Atlético Monte Líbano.
Upon visit to the country, the IMF team says the local economy starts benefiting from reforms, with domestic credit growth, employment, and tourism arrivals. Oil prices and investments are expected to boost GDP.
March saw 2.5 million barrels of oil equivalent and 111 million cubic meters of gas produced per day in Brazil, the National Agency of Petroleum reported.
Output was down in March from February in Brazil, as per a survey from the Brazilian Institute of Geography and Statistics (IBGE).
Health product distributors from the UAE and Saudi Arabia have been invited to B2B meetings under the Brazilian Health Devices projects during the trade show set to run from May 21 to 24 in São Paulo.
Year-to-date through April, 1.244 million units were sold in the country, including automobiles, light commercial vehicles, trucks, buses and motorcycles.
Overall imports to Brazil were down 1.2% in April, while capital goods imports dropped by 10%. The surplus was the second widest on record for the month.
The event’s opening this Wednesday (1) was attended by the ambassador of Brazil to the UAE, Fernando Igreja, and the head of the Arab Brazilian Chamber of Commerce’s Dubai office.
The country grossed USD 65.4 billion in revenue, with expenditure reaching USD 48 billion from January to March, leading to a USD 7.4 billion surplus.
Foreign sales reached USD 1.21 billion in the January and February. Imports decreased, but the country still accumulates a heavy trade deficit.
The five biggest corporations run by Brazil’s federal government ran close to USD 18 billion in profit last year. Petrobras saw the strongest numbers.
Negative balance in March, however, was smaller than in March 2018.
