A study from the FAO and the OECD indicates that demand for staple foods will grow less over the next ten years, and that commodity prices tend to remain low.
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Exports amounted to USD 4.055 billion and imports came out to USD 3.010 billion, the Brazilian Ministry of Industry, Foreign Trade and Services reported.
The forecast by financial institutions regarding the economy’s growth for this year went from 0.39% to 0.34%. Estimates signal the inflation being lower than the forecast from last week.
Atech develops systems for air traffic control and airspace defense and wants to offer solutions to other countries, especially in the Middle East.
Brazilian program that promotes the textile and fashion industry abroad has set their target markets for the next two years. The Arab country is one of them.
The state-run company is active in fuel distribution and sales, LPG and lubricants in the neighboring country, where it owns 197 service stations.
Survey by the Ministry of Foreign Affairs shows that there are near 20,000 micro and small registered businesses owned by Brazilians abroad. The majority is located in the United States.
Brazil’s National Federation of Industry (CNI) has revised down its Gross Domestic Product growth forecast for this year from 0.5% to 0.3%.
The organization’s president Rubens Hannun and CEO Michel Alaby visited the Gulf country’s embassy for an in-depth discussion of events to be held in the second half of the year.
From January to June, shipments to the region went up 77.4%. According to the sector’s association, the industry started to look beyond Latin America.
Net savings deposits reached USD 1.8 billion in June, the highest amount for the period since 2013. Year-to-date, withdrawals outweighed deposits.
The increase of the FAO Food Price Index occurred in May. In comparison to June of last year, it went up 7%. Wheat and meats drove up the index.
Brazil’s Finance minister Henrique Meirelles said the growth forecast for this year remains at 0.5%. At the end of June he had said growth could be weaker.
Mohamed Swayeb, from firm Schuhmacher Medtech, which operates in footwear retail and distribution, placed orders in the São Paulo fair. Swayeb and Mohammed Ghaddar, from Oman, visited the Arab Chamber.
