Exports to the two countries declined in Q1, both in volume and revenues. Sales overall also slid down over the same period in 2015.
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Shipments of the product to Arab countries totaled 338,700 bags in Q1 of this year, against 355,300 bags from January to March of 2015. Revenues generated declined even further at 17% in the same comparison.
The National Confederation of Industry (CNI) revised down its forecast for the Brazilian GDP in 2016, going from 2.6% to 3.1%.
In its report World Economic Outlook, the fund warns for a more modest growth of the economy and revises down the forecast for the GDP growth of Brazil and Arab countries.
Resources will fund actions for the marketing of products and services of seven Brazilian sectors abroad.
Forecast for the next year calls for an increase of 5% in the sector. Analysis of Dubai’s Chamber of Commerce and Industry says there are opportunities in luxury retail.
Brazilian exports surpassed imports in the first six business days of the month, according to the Ministry of Development. Year-to-date, surplus stands at USD 10 billion.
Financial institutions surveyed by the Brazilian Central Bank are expecting a price raise of 7.14% in 2016, marking the fifth consecutive time the forecast is revised down. Last week it was 7.28%
Ministry of Development opens 30-day public consultation on modifications on nomenclature and common external tariffs of products such as CT scan equipment and acetoin.
Region appears at third place in list of largest importers of Brazilian agricultural products in March. Exports revenues totaled USD 724.3 million, with Iran being the highlight.
An agreement was signed with the Brazilian Development Bank to make available the company’s technological solutions for the rehabilitation of degraded areas, sustainable use and forest monitoring.
Global exports and imports should increase 2.8% in 2016, the same level registered in 2015. It will mark the fifth consecutive year of a growth below 3%.
Through assistance program, the Fund’s technicians will help local authorities in the process of adopting reforms that result in continuous growth. The government is making an effort to revive the economy.
Statistics institute says there was a drop in 11 of 14 metro regions surveyed. The sharpest falls in industrial production occurred in Bahia and Amazonas.
