Exports from the country exceeded imports by US$ 888 million last week. In the first week of September there was a surplus as well. Month-to-date, the surplus stands at US$ 1.4 billion.
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A Brazilian Central Bank poll of financial institutions points to a 2.55% shrinkage of the economy in 2015. Last week’s forecast had been 2.44%.
Companies Docile and Peccin from Rio Grande do Sul, Brazil, certified their product lines as a strategy to boost sales to Arab countries. Now, they are already looking to break into new markets in the region.
Fine Cosméticos already exports to seven Arab countries and plans to expand its sales in the region. Saudi Arabia buys half of company’s exports, which is in negotiations to work with a new Gulf distributor.
Engineer Marwan Abdelhamid, the president of the World Federation of Engineering Organizations (WFEO), will be a guest in the 72nd Official Engineering and Agronomy Week, from September 15th to 18th.
FAO’s international price index dropped 5.2% in August from July. The US dollar hike relative to Brazil’s real drove down sugar prices abroad and contributed to the decline.
The secretaries-general of the organizations had their annual meeting this Friday (11th) in Paris. In the agenda, the expansion of commercial promotion actions and other activities.
Revenues from foreign sales declined 17% last month and year-to-date. Economist believes in a rebound by next year.
The 2014/2015 crop was larger than the preceding one, the National Supply Company reported. This time, 209.5 million tons were harvested, a 15.9 million-ton increase. Higher maize output was a factor.
The Egyptian investments authority intends to promote the event in the country in 2016 with companies and representatives of both governments. The goal is to expand trade relations.
The day after Standard & Poor’s lowered the country’s risk rating, the US currency closed at R$ 3.85 for sale and the São Paulo stock exchange index dropped 0.33%. Petrobras also lost its investment-grade status.
Brazilian exports to the Arab country totaled US$ 15.7 million from January to August. The president of the sector’s association says that sales are “an outlier”, since the sector’s abroad sales is declining.
Brazil sold US$ 134.5 million worth of product to the Arab world from January to August this year, a 4.67% increase from a year ago.
Watch in this episode a report about the online certification process developed by the Arab Chamber.
