The organizers of the footwear and accessories industry show have invited buyers from the United Arab Emirates and Yemen. Over 2,000 importers from around the world are expected to attend the expo next week.
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Brazil’s Extended National Consumer Price Index ended 2017 up 2.95%, down from 6.29% in 2016.
‘Doing Business in Dubai,’ an event organized by business owner Ludmilla Figueiredo, will see Brazilian, Portuguese and Angolan expatriates in the UAE get together. Monthly discussions are in the plans as well.
The UAE, which is the primary Arab buyer of shoes from Brazil, stripped down its imports by 19% to USD 13.4 million last year.
Sales were up 0.7% from October and 5.9% year-on-year, the Brazilian Institute of Geography and Statistics (IBGE) said.
Think tank Fundação Getulio Vargas’s IGP-DI was driven by wholesale prices, which dropped by 2.52% last year.
As per the Brazilian Central Bank’s Focus Bulletin, financial market players polled expect 3.95% inflation and 2.69% economic growth this year.
The organization will outline its action plan for this year over a breakfast to be offered to its members and partners on the 16th. Registration is open.
The National Motor Vehicle Manufacturers Association (Anfavea) said roughly 762,000 units were shipped abroad last year. The amount is up 46.5% from 2016.
The Brazilian Institute of Geography and Statistics (IBGE) reported that the national industry grew for the third month in a row, driven by intermediate and durable consumer goods.
A franchise outlet from the Brazilian brand will open in Dubai in a few days, with another set to go into business in Abu Dhabi in the first quarter. Talks are ongoing for a Middle East plant.
The Brazilian state-run bank supplied USD 6.09 billion in credit to projects in this sector last year.
Last year saw 2.24 million automobiles, light commercial vehicles, trucks and buses sold across the country.
Brazil’s 2018 Budget Law provides for a USD 47 billion deficit and works with a 2.5% Gross Domestic Product (GDP) growth estimate.
