The size of the population is drawing the attention of international olive oil producers. Arabs doubled their sales in Brazil this year.
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Import-restrictive measures adopted by members of the bloc, from May to October, have covered an amount of trade estimated in USD 481 billion, a new high.
The index reached 63.2 points in November, the highest score since September 2010.
A survey from think tank Fundação Getulio Vargas (FGV) shows economic expansion in the third from the second quarter of this year, although FGV’s aren’t the official GDP figures.
The Brazilian Ministry of Agriculture reported that the Arab country has approved the International Sanitary Certificate model for apiculture products from Brazil. Sales could fetch as much as USD 4.43 million a year.
The organization expects the country’s GDP to grow 2.1% in 2019. Forecasts from May and from a year ago indicated growth of 2.8% and 2.5%, respectively. Forecast for the global economy was also slashed.
The Arab Brazilian Chamber of Commerce signed a memorandum of understanding with the Association of Mediterranean Chambers of Commerce and Industry during the opening of the Mediterranean Week of Economic Leaders, in Barcelona.
The Institute of Applied Economic Research (Ipea)’s Monthly Apparent Industrial Goods Consumption Indicator slid 2.3% over August and 1.3% year-on-year in September.
Industry organization Associação Oliva and the city’s Secretariat for Nature and the Environment are holding an event next Thursday (22) to discuss the product’s manufacturing and consumption.
Imports came out to USD 3.2 billion, leading to a trade surplus of over USD 1.8 billion.
Foreign sales by the industry amounted to USD 8.48 billion. Soy was the top seller at USD 2.62 billion shipped out, up 78.8% from a year ago.
The results of a poll of financial market players in Brazil shows that prices are expected to have climbed by 4.13% at the end of this year, down from a prior 4.23% forecast.
The country’s economy grew year-to-date through September of this year.
The Tangier-Casablanca line was officially launched this Thursday by the French and Moroccan heads of state. The 340 km road trip between the two cities now will take two hours and ten minutes.
