Industry weighed down on the country’s economy in quarter two with a 3.4% decline. In the twelve-month period leading up to June, GDP was up 1.4%.
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The decision was announced after a meeting between the Agriculture ministers of Brazil, Neri Geller, and of the Arab country, Adel El-Betagy. Egypt’s minister of Commerce denounced anti-dumping on glass.
Representatives of Cevital are participating in the Brazil-Africa Forum, which is being held until Friday. The Arab Chamber’s International Business executive, Fernanda Baltazar, is also attending the event.
The organization has accepted the Arab Chamber’s project to streamline and cut costs in product sales processes to Middle East and North Africa countries.
The projection is part of Brazil’s Budget Bill for next year. The minimum wage will be raised by 8.8% to US$ 348.18.
A survey conducted by Dom Cabral Foundation shows that Brazilian companies attained a higher rate of internationalization in 2013 than in 2012. Construction company Odebrecht now tops the ranking.
In the month, bonds worth US$ 35.9 billion matured. Besides, the month had less business days due to Brazil’s hosting of the FIFA World Cup, therefore less bonds were issued.
Brazil’s Agriculture minister Neri Geller is optimistic about the prospects of Egypt resuming importing beef from Mato Grosso state. He met with Egyptian president El-Sisi and believes trade will soar.
According to a survey conducted by the Getúlio Vargas Foundation, August was the eighth straight month in which the sector’s assessment of economic conditions worsened.
Men’s shoes manufacturing company from the city of Franca exports to Saudi Arabia, Emirates Kuwait and is looking to win over more customers in the region. The company made contact with Saudis at a fair in Las Vegas.
The volume of credit operations increased from June and reached nearly US$ 1.223 trillion. Funding to private individuals had the best performance.
Agreement allows clients from one company to book tickets via the other. In flights with layovers in São Paulo and Casablanca, travellers will not need to recheck their luggage.
The Arab Brazilian Chamber wants to take a Brazilian delegation to Egypt, Morocco and Algeria in the first half of 2015. The matter was discussed with top executives in Cairo.
The Arab Brazilian Chamber of Commerce presented a project for digital certification of origin and legalization of export documents. The system can cut expenses and shorten time for these services.
