Joblessness in Brazil ended the year at 6.8% over 7.1% in 2013, according to research done by the Brazilian Institute of Geography and Statistics.
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The country’s pavilion at Gulfood, the food industry fair in Dubai, features 16 exhibitors looking for buyers for products such as biscuits, chocolates, olive oil, preserves and others.
Overall exports of the product from Brazil were up 6.8%, but the volume sold to the Arab world has declined. Revenues have increased nonetheless.
The sales of the Brazilian product stood at US$ 426 million, a drop of 23% over the same month last year. For Egypt, however, shipments increased 30%, with revenues of US$ 72 million.
Ruy Pacheco de Azevedo Amaral said that he plans to support trade and bilateral cooperation, and emphasized that the Arab country is an ‘important political observation post’.
Luciana Galeão, from Bahia, creates women’s clothes with mosaic-like features. The great-granddaughter of a Syrian, she has sold to Kuwait and Saudi Arabia and would like to resume selling to Arabs.
A booming hospital market, the quality of Brazilian production and the search for international certificates increase the chances of business in the Middle East and North Africa.
The Fund states that cheap oil can help countries to reorganize their economies and promote growth, but warns of the challenges posed by the risk of deflation in Europe and Japan and the depreciation of emerging countries’ currencies.
Aldemir Bendine has been approved by the Board of Directors of the Brazilian state-owned oil company Petrobras. He will replace former chief executive Graça Foster.
Brazil’s official inflation index was up 1.24% in January, the highest increment since February 2003 according to the Brazilian Institute of Geography and Statistics (IBGE).
President of the Brazilian Association of Animal Protein (ABPA) says that oil-dependent countries imported less from Brazil last month, which affected exports performance, but he bets on a recovery throughout the year.
Withdrawals by Brazilians have exceeded deposits by US$ 3.1 billion in January. Withdrawals amounted to R$ 53.3 billion, and deposits, to R$ 50.2 billion.
Good crops and cheap oil have helped bring prices down in January. Importing countries stand to gain and costs tend to remain stable throughout 2015.
Last month in Brazil, 253,800 units were sold, down 31% from December and 19% from January 2014.
