As Brazil’s economy grapples with recession, José Roberto Mendonça de Barros said in a lecture at the Arab Chamber offices that businesses must redouble their export efforts.
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The Brazilian government issued a statement this Tuesday (8th) denouncing the violent acts in the town of Ben Guerdane that claimed at least 16 lives, and reaffirming its confidence in Tunisian democracy .
The Brazilian footwear manufacturer resumed selling to the country recently and is in talks to sell to three other Arab nations. The Middle East is one of the targets of a strategy to boost foreign sales.
In the first week of March, the country registered USD 3.12 billion in export revenues, with imports clocking in at USD 1.8 billion.
Companies affiliated with a project by the associations Abihpec and Apex-Brasil grossed USD 162.6 million in foreign sales revenues last year. The share of Arab countries in total sales went from 2.5% to 3.3%.
Financial institutions polled by the Brazilian Central Bank expect prices to be 7.59% higher by the end of 2016.
The halal food company Al Islami intends to open an office in São Paulo soon and is considering having a facility for processing poultry in the country.
The entrepreneur Ho Mien Mien makes semi-precious jewelry out of golden grass and Brazilian stones, as well as gold-plated items, which she sells domestically and abroad. The plan is to increase exports.
The Lux Brasil overseas promotion project is targeting Saudi Arabia. Chandelier and fiber optics manufacturers are looking to export to the Arab countries.
An event held by the Brazil-Lebanon Culture Institute will feature activities involving Lebanese art and cuisine from March 10th to 12th in Rio de Janeiro.
The Brazilian House of Representatives has approved the World Trade Organization’s Trade Facilitation Agreement, designed to cut costs and allow swifter export and import operations.
Last month, 36.4 thousand units were shipped from Brazil to foreign countries, a 16.7% increase over February 2015.
Brazilian industry output was up 0.4% in January from December of last year, but plummeted by 13.8% compared with January a year ago.
The Brazilian Ministry of Foreign Affairs is organizing a diplomatic and business mission to the two Arab countries and Ethiopia from March 8 to 11. Foreign minister Mauro Vieira will head the delegation.
