The Santos city-based beachwear brand Santa Areia has shipped products to a client in the Arab country. The winner of a foreign trade prize, the company wants to do more business with Arab countries.
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From May 22 to 26, the sector’s association will set up meetings and visits to the Gulf country to define Brazilian footwear business strategies there. Currently, 130 members of the association export to the UAE.
Overall, USD 88 billion worth of taxes and contributions were collected in Q1 in Brazil, down 8.2% from Q1 2015.
A report by the bank estimates that this is the annual amount the Israeli government withholds from the Arab country. The document will be presented in Brussels to the Ad Hoc Liaison Committee for support to Palestinians.
The number concerns a March-on-March comparison for Brazil according to an indicator measured by Serasa Experian. In March from February, demand was up 8.4%.
In April’s third week, exports exceeded imports in USD 925 million in Brazil. Year-to-date, foreign trade balance registers a surplus of USD 10.9 billion.
Financial institutions lowered their 2016 inflation forecast for the sixth straight time. Next year, prices are expected to increase 5.93%.
Brazil imported 4.19 million tons of fertilizers in quarter one this year. The Arab countries supplied 749,600 tons.
The GDP should pick up in 2016, after posting 2.4% growth in 2015, the lowest rate in four years. The economy is struggling with the repercussions of conflicts underway in neighboring countries.
This is the forecast on the Union’s fiscal target within the proposed budget Lei de Diretrizes Orçamentárias to be sent to Congress.
The money will be transferred over a four-year period to assist with the restructuring of Tunisian economy.
A survey conducted by Brazil’s Fundação Getulio Vargas (FGV) shows that the economy contracted by 4.1% in the 12 months through February.
Apex-Brasil signed trade promotion agreements with sector organizations. The Middle East and North Africa are priorities for the dairy industry. Road machinery companies are also focusing on the group.
Government officials and business executives from both regions talked shipping and logistics partnerships at a conference in Cairo.
