The Brazilian government has reduced the rates for ten products used by industry. Some are imported from Arab countries like Tunisia, Morocco and Egypt.
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Amount is the sum of sector transactions in the first half of the year. In Q2, business yielded 14% less than in Q1.
The balance is related to the month of July by the 18th. Last week’s result was positive by US$ 1.3 billion, but it was not enough to change the month’s outlook.
Athletic, from Santa Catarina, is negotiating with a distributor from Egypt and is prospecting clients in the Emirates, Algeria, Jordan and Lebanon. The company exports to over 20 countries.
The Ministry of Planning lowered from 2.5% to 1.8% the Brazilian economy growth forecast this year. Inflation rate projection, however, has increased.
The Arab Chamber and Apex-Brasil are organizing the Brazilian participation in the Middle East’s leading construction fair, due from November 17th to 20th. The stand will be in a privileged location within the ornamental stones and rocks area.
The reduction of the value allowed to enter Brazil tax-free did not even become effective before the government reversed its decision. The quota would be lowered to US$ 150, but will remain at US$ 300.
The coordinator of Fundação Santo André’s Latin American Studies Centre, Marcelo Buzetto, is speaking at the Syrian Arab Culture Centre this Tuesday evening. Admittance is free.
The United Nations Human Rights Council announced it will hold an extraordinary meeting this Wednesday (21st) to debate Israeli military operation in the Gaza Strip.
Export value exceeded US$ 14 billion to date in July. The balance of trade shows a US$ 497 million surplus month-to-date.
Financial organizations analysts revised down the Brazilian economic growth forecast for 2014 for the eighth consecutive week. It has been moved from 1.05% last week to 0.97% in the current week.
Over 114,000 tonnes were shipped from Brazil to the Middle East and North Africa in H1. Industry association Abiec’s chairman calls on Saudi Arabia to provide instructions so embargo may be lifted.
Tecnovidro has supplied the product for 32 buses which Brazil’s bus maker Marcopolo is shipping to Abu Dhabi. Double-glazing will be used in order for improved acoustics and insulation.
Production averaged at 555,000 barrels per day this week and 470,000 bpd last week, after the government repossessed of ports and facilities shut down by protesters.
