The country purchased 364,000 tons from Arab countries in April and 1.14 million tons year-to-date through April. Total imports, however, dropped 6.4% last month.
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The money, set to be released in stages, will be used on the implementation of reforms in the economy.
The Brazilian Ministry of Foreign Relations issued a statement extending its condolences to the victims’ families and to the Egyptian government.
The International Leather and Footwear Fair will take place next week in Gramado, Rio Grande do Sul, and buyers from 45 countries are expected. Eight Arab countries will be represented.
The IMF staff stated that both countries should make efforts to attract foreign direct investments.
The total amount of automobiles, light commercial vehicles, trucks and buses in the country reached 42.6 million last year.
The program sells public debt bonds to natural persons. Its investment portfolio was up 4% compared with March.
The newly inaugurated Brazilian foreign minister said the country’s efforts will no longer be restricted to multilateral negotiations such as the WTO’s and that he will seek out bilateral treaties with countries and blocs thereof.
Consumption expected to exceed production in 7.8 million tons in the 2016/2017 crop, according to estimate by consulting firm INTL FSCStone.
Brazilian companies have gone to Beautyworld Middle East, a hygiene, perfume and cosmetics fair in the United Arab Emirates. They hope to close deals as a result of contacts made in the Arab country.
Brazilian sales totaled USD 774 million, a decline of 2.4% over the same month of 2015. Imports, however, increased 4.8% and reached USD 497 million.
The Brazilian trade show features medical equipment manufacturers and service providers. Egyptian enterprises are exhibiting and looking to increase their market share.
Gross Domestic Product increased in Jan-Mar from the comparable year-ago period. In Q1 from Q4 2014, GDP was up 0.4%.
According to consulting firm Serasa Experian, credit demand declined 5.1% over March. In comparison to April of last year, there was an increase of 7.8%.
