The bulk of domestic demand is met by foreign-made product, with some 52,700 tons imported from January to October. Arab countries account for less than 1% of this.
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Brazilian Coffee Exporters Council chairman Nelson Carvalhaes said the country ‘does a great job’ in the region and that consumption is picking up worldwide.
Even though the country is still the biggest buyer of product from Brazil, the hike in tax charges caused shipped volume to decline by 20%. Brazil’s industry association expects sales to pick up in 2018.
Geraldo Alckmin of São Paulo welcomed representatives of 45 countries – including Arab ones – for breakfast this Tuesday (12) and told them about initiatives amenable to foreign investment.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts that Brazil’s grain, legume and oilseed crop will amount to 219.5 million tons in 2018, 22.4 million tons less than in 2017.
A survey by the National Confederation of Industry (CNI) shows that, in ten years, the percentage of Brazilian industries that will be 4.0 will go from the current 1.6% to 21.8%.
Financial market players see this year ending with a 2.88% rate, down from a prior 3.03% estimate. Expected economic growth edged up from 0.89% to 091%.
Devised by the Federation of Muslim Associations and taught at diplomacy school Instituto Rio Branco, in Brasília, the program featured a lecture by Arab Brazilian Chamber president Rubens Hannun.
The possibility that the revocations of tariffs, detailed in the Mercosur-Egypt free trade agreement, can be implemented sooner, was discussed in a forum at the Arab Chamber this Friday.
A delegation from the Arab country is holding a seminar on the Mercosur agreement this Friday in São Paulo. On Thursday evening, the group met with Arab Chamber’s directors.
After a five-and-a-half-year stint in São Paulo, Kabalan Frangieh will assume the post of ambassador in Johannesburg, South Africa. A farewell luncheon was held at the Arab Brazilian Chamber of Commerce headquarters.
The agency will work alongside the embassies’ trade offices in the development of sector projects. In a review of 2017, Apex’s president said that Apex-supported companies accounted for 28% of Brazilian exports.
Brazil’s Electrical Energy Research Center (Cepel) launched an Ultra-High Voltage Laboratory in Rio Janeiro. The country is now the second in the world to have a unit of this kind – China’s the first.
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels has issued a pre-request for proposals and the draft contract for the tender of 70 exploration blocks.
